OTO Development Acquires DoubleTree by Hilton in North Redington Beach, Florida

OTO Development | July 19, 2022

SPARTANBURG, SOUTH CAROLINA (July 19, 2022) — OTO Development has added the DoubleTree by Hilton in North Redington Beach, Florida, to its growing beachfront leisure portfolio. South Carolina-based OTO Development, which is part of The Johnson Group, acquired DoubleTree Beach Resort by Hilton Tampa Bay-North Redington Beach from the property’s original private ownership group. The transaction, brokered by The Plasencia Group, closed on Monday, July 18. “We are so intrigued by this DoubleTree, which has long been loved for its ideal location and resort-style amenities,” says Corry Oakes, CEO of OTO Development. “There’s incre...