 "Executives with Legg Mason Real Estate Investors would not disclose the proposed purchase price or the closing date, but said in a written statement they had a contract to buy the resort and intend to preserve the 110-year-old hotel," the "Times" reported.Legg Mason engaged the services of historic preservation architect Richard J. Heisenbottle, FAIA to prepare restoration and re-development plans for the project.In May 2008, the Town of Belleair approved Heisenbottle's plans to restore and expand the hotel, which included a new spa and underground garages, following purchase of the property by Legg Mason Real Estate Investors (now Latitude Management Real Estate Investors) for $30.3 million.