The St. Joe Company Bringing New Hotel and Restaurant to Panama City’s Downtown Waterfront District

The St. Joe Company | August 28, 2020

PANAMA CITY BEACH, Fla. - The St. Joe Company (NYSE: JOE) (“St. Joe”) and the City of Panama City, Florida (“the City”) execute a long-term land lease to bring a new hotel and restaurant to Panama City’s downtown waterfront district. Under the terms of the lease St. Joe will lease a City-owned parcel to develop, construct and operate a waterfront hotel and standalone restaurant on a portion of the Panama City Marina property fronting beautiful St. Andrews Bay, which has a deep water channel to the Gulf of Mexico. This agreement comes after nearly two years of planning, discussions and public meetings between St. Joe, the City an...