Lion’s Gate Development, along with Hilton Hotels Corporation’s Waldorf=Astoria Collection®, unveiled today Lion’s Gate’s and its investment associates’ plans today to build a luxury, 225-room, Waldorf=Astoria® hotel as a key component of The Proscenium, a mixed-use project in downtown Sarasota, Fla. The project is presently in the city review process and is expected to begin construction in the fourth quarter 2008 with an anticipated year-end 2010 completion. An affiliate of Hilton Hotels Corporation will manage the hotel.
