Best Western Fort Walton Beach
OTO Development to Rebrand and Renovate Best Western in Fort Walton Beach, Florida
OTO Development | October 25, 2022
SPARTANBURG, SOUTH CAROLINA (TUESDAY, MAY 25, 2022) — OTO Development has announced plans to rebrand the former Best Western in Fort Walton Beach, Florida. Upon completion of an extensive renovation project — currently underway — the property will reopen in May 2023 as Beal House Destin-Fort Walton Beachfront, part of the Tapestry Collection by Hilton. The hotel, originally built in 1998, was acquired in February 2022 by OTO Development, which is part of The Johnson Group. OTO develops, owns and operates distinctive select-service hotels across the country; in recent years, the company has emphasized purchasing and repurposing beachf...
OTO Development Acquires 100-Key Best Western Fort Walton Beach
OTO Development | March 2, 2022
SPARTANBURG, SOUTH CAROLINA – March 2, 2022 – OTO Development has acquired Best Western Fort Walton Beach in the Florida Panhandle, adding a promising oceanfront property to the hotelier’s growing leisure portfolio. A major renovation is planned. David Altman and Robert Hunter of Marcus & Millichap represented the seller in this transaction, which closed on February 28. OTO, which is part of The Johnson Group, develops, owns and operates select-service hotels across the country. “Visitors are enthralled by the balmy weather, sugar-sand beaches and emerald waters of Fort Walton Beach – and as hoteliers, we are,...
Hyatt Enters Agreement for Hyatt Regency Coco Beach Resort in Puerto Rico
Hyatt Hotels Corporation | June 5, 2019
CHICAGO (June 5, 2019) - Hyatt Hotels Corporation (NYSE:H) announced today that a Hyatt affiliate has entered into a franchise agreement with Coco Hotel 1 LLC for a new hotel, expected to open July 2019 as a Hyatt affiliated hotel and then become Hyatt Regency Coco Beach Resort after an extensive renovation is completed this fall. The 486-room hotel with 93 branded residencies will be managed by Aimbridge Hospitality and signifies Hyatt's continued brand growth on the island of Puerto Rico and across the Caribbean region. The hotel will be the brand's only full-service property in Puerto Rico. The hotel will operate as The Resort at Coc...
