Hyatt Regency Sarasota — Photo by Hyatt Regency Sarasota
Interstate Hotels & Resorts (Merged Meristar & Interstate)

ARLINGTON, Va. -- Interstate Hotels & Resorts – the leading U.S.-based global hotel management company – announces that it has been selected to manage the award-winning Hyatt Regency Sarasota, owned by a group led by Florida Philanthropist Dr. Kiran Patel. The hotel will be asset-managed by KDG Capital.

With a dramatic bayside setting, the eco-friendly Hyatt Regency Sarasota introduces guests to the best Florida has to offer. The modern, resort-style, 294-room hotel is located minutes from the spectacular white-sand beaches of the Gulf of Mexico. The hotel features more than 20,000 square feet of meeting space, a lagoon-style pool, 24-hour gym and a private 32-slip marina and dock.

Interstate also operates a 230-room Marriott in Minneapolis for Dr. Patel. Said Mike Deitemeyer, CEO of Interstate Hotels & Resorts, "It is gratifying to earn additional business from an existing customer. Operating premium-branded, full service hotels are at the core of our management capabilities, and we are excited to expand our relationship with Dr. Patel's organization within this lodging sector. We are confident in delivering exceptional guest experiences and generating superior financial returns for this premium, market-leading hotel and are thankful for his belief in our operating model."

A global leader in third-party hotel management, Interstate Hotels & Resorts' depth of experience across all lodging segments and asset classes drives results in each of its managed hotels worldwide. For more information on Interstate Hotels & Resorts, visit www.InterstateHotels.com.

About Aimbridge Hospitality EMEA

Aimbridge EMEA is the International Division of leading US-based global hotel management company, Aimbridge Hospitality. The Aimbridge Hospitality global portfolio, inclusive of managed and pipeline properties, includes approximately 1,500 hotels in 20 countries. The EMEA portfolio, inclusive of pipeline, is made up of 100+ properties. Brands managed by Aimbridge EMEA include Novotel, Adagio, Courtyard, Hilton Garden Inn, Hyatt Place, Radisson, Residence Inn, Staybridge, Mercure, Crowne Plaza, Hotel Indigo, Holiday Inn and Holiday Inn Express, Luxury Collection, Marriott, AC Hotels by Marriott, Hilton, Hampton by Hilton and ibis Hotels. Aimbridge EMEA's portfolio also comprises a number of independent hotels, restaurants and spa and health brands, including Marco Pierre White, Novelli at City Quays and Mamucium. For further information about Aimbridge EMEA visit www.aimbridgeEMEA.com.