OTO Development to Acquire Three Hotels in Oakhurst, California

OTO Development | November 4, 2021

SPARTANBURG, SC – November 4, 2021 – OTO Development is moving into the Yosemite National Park market with the acquisition of two hotels in Oakhurst, California, and a contract on a third. OTO, which is part of The Johnson Group, has purchased Fairfield Inn & Suites by Marriott Oakhurst Yosemite and Holiday Inn Express & Suites Oakhurst-Yosemite Park Area from a family of independent hoteliers. The seller was represented by Stanley Wang of Marcus & Millichap. The deal also includes Hampton Inn Oakhurst-Yosemite, which is currently under construction. The three hotels sit adjacent to each other and are located just 13 ...