OTO Development Acquires Florida’s Best Western Key Ambassador Resort Inn
September 21, 2018 11:02am
SPARTANBURG SC (September 21, 2018) -- OTO Development has taken its first dive into the Florida Keys hospitality market with the purchase of Best Western Key Ambassador Resort Inn. The transaction was completed Monday, September 17, between The Key Ambassador Co. and Spartanburg-based OTO, which is part of The Johnson Group.
"We are delighted to add this popular Key West property to our portfolio of owned hotels," says Corry Oakes, CEO of OTO Development. "This purchase extends the geographic reach of our operations with an ideal location in America's southernmost city."
Originally built in the 1950s, the 100-room Key Ambassador Resort Inn will enjoy its own total refresh over the course of the next 12-18 months. With each of its seven buildings upfitted one at a time, the property will remain open during renovations.
Jaqueline Loring has been named General Manager of the Key Ambassador Resort Inn; the longtime OTO employee previously served as GM of a Residence Inn in Florida.
"For decades, the Key Ambassador Resort has been a Key West destination all its own," Loring says. "It's a privilege to join this property's long-time, loyal staff and I look forward to welcoming visitors to enjoy the lovely ocean views."
Best Western Key Ambassador Resort Inn is located at 3755 S. Roosevelt Blvd. in Key West, Florida. For information, call (305) 296-3500
Tags: oto development,
best western key ambassador resort inn,
the key ambassador co
OTO Development, part of The Johnson Group, is an award-winning, fast-growing hotel development and hospitality management company. Founded in 2004 and partnering with the Hilton, Hyatt and Marriott brands, OTO's industry leadership position is anchored by a portfolio of excellent hotels staffed by exceptional people. The company currently owns and/or operates ~70 hotels comprising approximately 8,000 room keys. OTO's impressive growth is focused on new urban development projects in core US markets as well as management contracts with clients ranging from publicly traded REITs to private equity firms to high net worth individuals. For more information, visit OTODevelopment.com..
Contact: Diane Jackson
OTO Wins Hilton Developer of the Year Award -- for 2nd Consecutive Year
Hilton Garden Inn Greenville Unveils Multi-Million Dollar Renovation Led by General Manager Barrett Alexander
OTO Development Opens the 121-Room Hilton Garden Inn Annapolis Downtown
OTO Development Opens New 290-Room AC Hotel by Marriott New York Times Square in Midtown Manhattan
OTO Development Unveils Plans for 219-Room AC Hotel by Marriott in Bethesda, Maryland
Frontier Development Breaks Ground on Homewood Suites by Hilton in Largo, Maryland with Completion Slated for Late 2018
Developed and Operated by OTO Development, AC Hotel San Francisco Airport/Oyster Point Waterfront Opens
OTO Development Opens New 168-Key SpringHill Suites by Marriott in Belmont, California
OTO Development Makes Inc. 5000 List – for the 6th Time
OTO Development Adds 7 Properties to Managed Portfolio
Summit Hotel Properties Completes Acquisition of 181-Room Courtyard by Marriott Charlotte City Center for $56.3 Million
Owned and Managed by OTO Development, Courtyard by Marriott Redwood City Opens in California
Managed by OTO Development, Hampton Inn & Suites by Hilton LAX El Segundo Opens in California
OTO Development Opens New Hilton Garden Inn Burbank Downtown, California
OTO Development Opens 115-Room Hampton Inn & Suites by Hilton in Napa, California
OTO Development Set to Open SpringHill Suites by Marriott in San Diego, California
OTO Development Opens Hampton Inn by Hilton in New York City's Times Square
OTO Development & Palmetto Hospitality Open the 174-room Hilton Garden Inn Palo Alto
OTO Development Managed, 238-key Hilton Garden Inn Washington DC/Georgetown Area Opens
Please login or register to post a comment.