A new 5-story hotel is planned for University Parkway at I-75.

The Hyatt Place-Lakewood Ranch will likely host visitors going to tournaments at the Premier Sports Campus, Sarasota Polo Club and Nathan Benderson Park. It will face Interstate 75 on Exchange Way and Town Center Parkway near the existing Fairfield Inn and Suites.

Manatee County officials say the project is a high priority because the need is so urgent. The 122-room hotel will cover 3 1/2 acres, according to the Bradenton Herald.