Skip to main content
Siesta Key Thursday, Jul. 21, 2011 10 years ago

Siesta hotel sells for $6.25 million

by: Rachel Brown Hackney Managing Editor

A beach hotel on the southern end of Siesta Key has been sold for $6.25 million.

Beach Club at Siesta Development LLC, of Indianapolis, sold the Beach Club at Siesta Key to FL Beach Club Siesta LLC, managed by Lawrence J. Fox and David Shoemaker. Beach Club at Siesta Development is managed by Robert Rynard.

The deed was recorded July 11.

The 29-unit hotel at 6732 Sarasea Circle is located on Crescent Beach. It rents studios and one- and two-bedroom units.

When Beach Club at Siesta Development bought the property in March 2008, it paid $6.765 million. Siesta Plaza Motel had paid $7.02 million for the 17,700-square-foot property in November 2005.

Contact Rachel Brown Hackney at [email protected].

Join the Neighborhood! Our 100% local content helps strengthen our communities by delivering news and information that is relevant to our readers. Support independent local journalism by joining the Observer's new membership program — The Newsies — a group of like-minded community citizens, like you. Be a Newsie.

Related Stories