A new 100 guestroom Hotel is planned for downtown Sarasota Florida. The planned hotel is one block east of U.S. 41. Located at 1125, 1233 and 1243 Second St., it’s the site of the nearly century-old Palm Apartments building, built in 1925, and an office building next door, built in 1996. Both will be demolished. Developer M2RE Partners acquired a vacant lot in 2019. A schematic drawing of the building shows a total of 18 floors with a three-story parking structure above a street level lobby area. Above the parking are five floors of rooms, a sixth floor amenity space, and a smaller eight-story tower above that topped by a rooftop amenity space. Chris Gallagher of Hoyt Architects is the project designer.    

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