New Sheraton Hotel to go up next to Bradenton Area Convention Center

New Sheraton Hotel to go up next to Bradenton Area Convention Center

Published at: 2018-10-08 15:02 | Author: CIJ USA
BACC Hotel and its joint venture partner In Development Partners acquired a 12.5-acre site in Palmetto adjacent to the Bradenton Area Convention Center in Palmetto, Florida. The duo paid $5.3m for the land, which was sold by Pinzon LLC of São Paulo, Brazil. The new owners plan to spend $60m to develop an eight-story, 251-room Sheraton Hotel and a second 126-room freestanding hotel on the site. Plans include a two-story connector that will link the convention center with the Sheraton’s rooftop bar as well as an area for expos and other outdoor community events and an additional parcel for restaurant and retail space.

“The new hotel should have a tremendous impact on Palmetto as well as surrounding areas,” said Palmetto Mayor Shirley Groover Bryant. “There has long been a shortage of hotels here. As presented, it will become another local venue for social gatherings. The hotel also should develop even more use of the newly renovated convention center, making it much more functional for groups looking to hold conferences and events."

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