The St. Joe Company and Key International Commence Construction of 255-Room Embassy Suites Hotel in the Pier Park Area of Panama City Beach, Florida

The St. Joe Company | August 28, 2019

WATERSOUND, Fla -- August 28, 2019 --The St. Joe Company (NYSE: JOE) (“St. Joe”) and Key International, Inc. (“Key International”) today announce the commencement of construction of a 255-room Embassy Suites hotel in the Pier Park area of Panama City Beach, Florida. The hotel is currently under construction adjacent to the Pier Park lifestyle center at Front Beach Road. St. Joe and Key International, a Miami-based real estate investment and development company, intend to construct the hotel on land currently owned by St. Joe with unobstructed views of the Gulf of Mexico. Once complete, St. Joe will manage the day-to-day operations ...