OTO Development, a hotel development and hospitality management company based in Spartanburg, announced Nov. 30 it acquired SpringHill Suites Panama City Beach Beachfront at 12513 Front Beach Road for an undisclosed amount.
The 11-floor hotel features 200 guest suites and 2,610 square feet of meeting space. Its amenities include:
- Pool with a lazy river
- Fire pits
- Event lawn
- Multiple food and beverage venues
- Fitness center
- 24-hour market
“This acquisition adds a strong brand in a strong location to our beachfront portfolio,” said OTO Development CEO Corry Oakes. “There is something for everyone here on the Gulf Coast, and we look forward to hosting them.”
The hotel joins OTO’s portfolio, which includes properties in Marathon, Cocoa Beach and St. Pete Beach, Florida; Wrightsville Beach, North Carolina; Oakhurst, California; and Myrtle Beach, South Carolina.
