• Home
  • About PubClub.com Nightlife Pubs And Clubs Website
  • Advertise
  • Contact Us

PubClub

Where The World Goes To Party!

The St. Joe Company Announces Plans to Open 5 New Hotels in the First Half of 2023

March 8, 2023 by kevinwilkerson

PANAMA CITY BEACH, Fla.–(BUSINESS WIRE)–The St. Joe Company (NYSE: JOE) (“St. Joe”) anticipates completing and opening five new hotels in the first half of 2023. These hotels include The Lodge 30A, an 85-room boutique hotel located on Scenic Highway 30A that opened in February. During the next four months the company anticipates opening the 255-suite Embassy Suites by Hilton Panama City Beach Resort; the waterfront 124-room Hotel Indigo Panama City Marina; the 107-room Home2 Suites by Hilton Santa Rosa Beach; and Camp Creek Inn, a 75-room boutique hotel overlooking Camp Creek golf course. Once complete, these properties will more than double the number of available hotel rooms in St. Joe’s portfolio, from 531 to 1,177 rooms.


As detailed in St. Joe’s recently released Full Year 2022 Results, hospitality revenue increased by 29% to a single year record of $97.2 million in 2022, as compared to $75.3 million in 2021. The company’s planned hotel openings in 2023 will increase the number of available rooms by 122%, and represent the potential for continued strong growth in recurring revenue.

Two of the new hotel properties are located within Florida’s famed Scenic Highway 30A area, where the Company has seen strong historical demand at its three boutique hotel properties (The Pearl Hotel, WaterColor Inn, and Watersound Inn). With the addition of Camp Creek Inn and The Lodge 30A, St. Joe will grow its significant hotel presence in this area. Just west of Scenic Highway 30A, Home2 Suites by Hilton Santa Rosa Beach will offer convenient access to the 30A corridor, as well as the vast, undeveloped beaches and natural areas of Topsail Hill Preserve State Park, and the plentiful activities of the popular Sandestin and Destin areas. These hotels are well positioned to answer the high demand already apparent in South Walton, where in 2021 5.4 million visitors generated an annual economic impact of over $7 billion.

In Panama City Beach, Florida, St. Joe plans to open a Gulf-front Embassy Suites by Hilton Panama City Beach Resort adjacent to the popular Pier Park shopping and lifestyle center. This resort is well situated to take advantage of the area’s year-round appeal, where a combination of the world-famous beaches and a popular lineup of events helped to generate nearly 20 million total visitor days in 2021, for over $3 billion in total visitor spending.

Likewise, the Hotel Indigo Panama City Marina will enjoy pride of place as the only hotel in downtown Panama City’s historic waterfront district, with commanding views of both St. Andrew Bay and downtown Panama City’s walkable central business and entertainment district. The Hotel Indigo Panama City Marina will feature a 5th floor sky bar to take advantage of the beautiful waterfront views, as well as a restaurant on the first floor that will offer guests breakfast, lunch and dinner.

An indicator of the area’s growth can be seen in recent passenger counts at Northwest Florida Beaches International Airport (ECP). The airport reported seeing 1.5 million passengers in 2022, which represents a 19% increase over passenger numbers in 2019. In 2021 Simply Flying ranked the airport among the top 4 US airports in terms of capacity growth.

“Northwest Florida is seeing more visitors from more parts of the country than ever before,” said Andrew Czarnecki, Vice President of Resort Operations at The St. Joe Company. “The hotels that we plan to complete in 2023 are well-positioned to meet that demand and we are excited to see them come to fruition.”

St. Joe has additional projects across other business segments that are expected to be complete in 2023 and beyond. A full list of projects under construction or development can be found at https://www.joe.com/project-updates.

Important Notice Regarding Forward-Looking Statements

This press release contains “forward-looking statements,” within the meaning of Section 21E of the Exchange Act, including statements regarding the anticipated opening of five new hotels, including the development and timing plans for the hotels, prospective uses and opportunities and anticipated benefits. These forward-looking statements are qualified in their entirety by cautionary statements and risk factors set forth in St. Joe’s filings with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2022 and subsequent current report filings as well as the following: (1) the ability of St. Joe to successfully complete the development of the five new hotels on the anticipated timeline, or at all, and (2) the interest of prospective guests in each of the five new hotels.

About The St. Joe Company

The St. Joe Company is a real estate development, asset management and operating company with real estate assets and operations in Northwest Florida. The Company intends to use existing assets for residential, hospitality and commercial ventures. St. Joe has significant residential and commercial land-use entitlements. The Company actively seeks higher and better uses for its real estate assets through a range of development activities. More information about the Company can be found on its website at www.joe.com. On a regular basis, the Company releases a video showing progress on projects in development or under construction. See https://www.joe.com/video-gallery for more information.

©2023 The St Joe Company. “St. Joe®”, “JOE®”, the “Taking Flight” Design®, “St. Joe (and Taking Flight Design) ®” are registered service marks of The St. Joe Company or its affiliates.

 

Filed Under: Business News Tagged With: The St. Joe Company Announces Plans to Open 5 New Hotels in the First Half of 2023, travel, travel news

Advertisement

Unfinished Man

Search

Today On PubClub.com

EVENTS CALENDAR:
• Now Thru April 3 – March Madness
• Now Thru April – Spring Break

LET’S BE SOCIAL!
 
PubClub.com is a member of the Travel & Tourism Marketing Association, Inc.​, and the Travel Massive chapters in Los Angeles, San Diego and Orange County (CA).

Instagram

Follow on Instagram

PubClub (@pubclub) • Instagram photos and videos

Destinations

  • 72 Hours (5)
  • Destinations (2,145)
    • Asia (17)
      • Japan (5)
        • Tokyo (3)
      • Taiwan (1)
      • Thailand (7)
    • Australia (19)
      • Surfer's Paradise (3)
      • Sydney (5)
    • Brazil (7)
      • Rio (2)
    • Camping (1)
    • Canada (21)
      • Montreal (2)
      • Niagara Falls (5)
      • Toronto (2)
    • Caribbean (56)
      • Cuba (1)
      • San Juan (5)
      • Virgin Islands (20)
    • Central America (1)
      • Costa Rica (1)
    • Europe (103)
      • Amsterdam (15)
      • France (3)
      • Germany (6)
      • Ibiza (2)
      • Kiev (1)
      • London (6)
      • Malta (1)
      • Moscow (1)
      • Munich (5)
      • Paris (5)
      • Poland (3)
        • Krakow (2)
      • Prague (6)
      • Switzerland (35)
        • Basel (5)
        • Bern (3)
        • Swiss Alps (1)
        • Zermatt (3)
        • Zurich (4)
    • Greek Islands (25)
      • Corfu (3)
      • Ios (2)
      • Mykonos (5)
      • Santorini (5)
    • Mexico (11)
      • Baja (1)
      • Cabo San Lucas (1)
      • Puerto Vallarta (1)
      • Tijuana (1)
    • Ski Resorts (71)
      • Aspen (1)
      • Austria (5)
      • Big Bear (14)
      • Big Sky (6)
      • Mammoth (17)
      • Squaw Valley (4)
      • Whistler (3)
    • Tokyo (1)
    • USA (1,803)
      • Alabama (3)
      • Alaska (1)
      • Arizona (7)
        • Lake Havasu (1)
        • Scottsdale (3)
        • Sedona (1)
      • Boston (5)
      • California (1,348)
        • Carmel (24)
        • Central Coast (9)
        • Lancaster (16)
        • Los Angeles (816)
          • Catalina Island (12)
          • Culver City (1)
          • El Segundo (4)
          • Hermosa Beach (176)
            • Fourth Of July (12)
            • Smackfest Events (23)
          • Hollywood (16)
          • Huntington Beach (2)
          • Lake Arrowhead (2)
          • Long Beach (42)
            • Grand Prix (12)
          • Manhattan Beach (77)
          • Marina del Rey (6)
          • Newport Beach (44)
          • Orange County (28)
          • Party Report (16)
          • Redondo Beach (83)
          • Santa Monica (4)
          • South Bay (93)
          • Sunset Strip (5)
          • Temecula (12)
          • Venice Beach (5)
        • Mendocino (12)
        • Monterey (30)
          • Restaurant Reviews (10)
        • Napa (5)
        • Oakland (7)
        • Palm Springs (8)
        • Paso Robles (7)
        • San Clemente (1)
        • San Diego (294)
          • Balboa Park (1)
          • Del Mar (12)
          • Events (72)
          • Gaslamp (47)
          • Imperial Beach (6)
          • Lifestyle (4)
          • Music (1)
          • Ocean Beach (5)
          • Oceanside (1)
          • Pacific Beach (4)
        • San Francisco (71)
          • Events (12)
        • Santa Barbara (1)
      • Chicago (10)
      • College Towns (1)
      • Colorado (4)
        • Denver (4)
      • Florida (84)
        • Daytona Beach (1)
        • Ft. Lauderdale (3)
        • Jacksonville (1)
        • Key West (25)
        • Keys (8)
        • Miami (10)
        • Panama City Beach (3)
      • Hawaii (25)
        • Waikiki Beach (15)
      • Indianapolis (3)
      • Las Vegas (168)
      • Michigan (2)
        • Traverse City (2)
      • Nevada (2)
      • New Jersey (1)
      • New Orleans (41)
      • New York City (14)
      • Newport, R.I. (1)
      • North Carolina (1)
      • Oregon (9)
        • Portland (8)
      • Seattle (2)
      • South Carolina (3)
        • Charleston (3)
      • St. Louis (1)
      • Tennessee (46)
        • Franklin (4)
        • Gatlinburg (5)
        • Knoxville (10)
        • Nashville (5)
        • Smoky Mountains (3)
      • Texas (6)
        • Austin (6)
      • Utah (2)
      • Virginia (1)
  • Homepage Fun Stuff (6)
  • Homepage Lifestyle (5)
  • Hong Kong (1)
  • Men's Stuff (4)
  • Party Report (3)
  • Virtual Happy Hour (8)

Events

  • 72 Hours (5)
  • Events (518)
    • BVI Interline Regatta (5)
    • Carnival (5)
    • Cinco de Mayo (2)
    • Exercise and Socalize (2)
    • Fourth of July (8)
    • Halloween (9)
    • Holidays (19)
      • Thanksgiving (7)
    • Indy 500 (10)
    • Kentucky Derby (12)
    • Memorial Day Weekend (5)
    • New Year's Eve (43)
    • Oktoberfest (11)
    • Party Report (46)
    • Running Of The Bulls (5)
    • Spring Break (7)
    • St. Patricks Day (8)
    • Sundance Film Festival (8)
    • Super Bowl (16)
    • Valentine's Day (10)
  • Homepage Fun Stuff (6)
  • Homepage Lifestyle (5)
  • Men's Stuff (4)
  • Party Report (3)
  • Virtual Happy Hour (8)

Sports

  • 72 Hours (5)
  • Homepage Fun Stuff (6)
  • Homepage Lifestyle (5)
  • Men's Stuff (4)
  • Party Report (3)
  • Sports (511)
    • Baseball (9)
    • Beach Volleyball (3)
    • College Football (290)
    • Golf (12)
    • NFL (45)
    • Olympics (13)
    • Racing (25)
    • Soccer (8)
  • Virtual Happy Hour (8)

Lifestyle

  • 72 Hours (5)
  • Homepage Fun Stuff (6)
  • Homepage Lifestyle (5)
  • Lifestyle (1,615)
    • Beach Reads (1)
    • Cannabis (4)
    • Celebrity Sightings (6)
    • Entertainment (22)
    • Mr. Sorehead (3)
    • Music (278)
      • Bands (1)
      • Festivals (59)
      • Jimmy Buffett (38)
      • Trop Rock (13)
    • Party Stories (2)
    • People Profiles (10)
    • Singles Life (7)
      • Men Vs Women (2)
      • Relationships (2)
    • Social Media (2)
    • Spirits (26)
    • Travel (660)
      • Airlines (30)
      • Airports (1)
      • Blogger (369)
      • Cruise Ships (26)
      • Hotels (16)
      • Product Reviews (3)
      • RV (1)
      • Singles Travelers (1)
      • Solo Travel (2)
      • Touring Blog (12)
      • Weather (17)
  • Men's Stuff (4)
  • Party Report (3)
  • Virtual Happy Hour (8)

From the Bar Stool

  • 72 Hours (5)
  • From The Bar Stool (314)
  • Homepage Fun Stuff (6)
  • Homepage Lifestyle (5)
  • Men's Stuff (4)
  • Party Report (3)
  • Virtual Happy Hour (8)

Bars

  • 72 Hours (5)
  • Bars (269)
    • Bars & Food (25)
    • Bars & Nightlife (202)
  • Homepage Fun Stuff (6)
  • Homepage Lifestyle (5)
  • Men's Stuff (4)
  • Party Report (3)
  • Virtual Happy Hour (8)

News

  • 72 Hours (5)
  • Business News (4,323)
  • Homepage Fun Stuff (6)
  • Homepage Lifestyle (5)
  • Men's Stuff (4)
  • News (55)
  • Party Report (3)
  • Virtual Happy Hour (8)

Colleges

  • 72 Hours (5)
  • Colleges (29)
  • Homepage Fun Stuff (6)
  • Homepage Lifestyle (5)
  • Men's Stuff (4)
  • Party Report (3)
  • Virtual Happy Hour (8)

Food and Drinks

  • 72 Hours (5)
  • Food and Drinks (399)
    • Beer (99)
    • Bourbon (1)
    • Cocktails (48)
    • Foddie Blog (27)
    • Restaurants (1)
    • Rum (8)
    • Singles Cooking (1)
    • spirits (8)
    • Spirits & Beer Industry (79)
    • Tequila (17)
    • Vodka (2)
    • Wine (81)
  • Homepage Fun Stuff (6)
  • Homepage Lifestyle (5)
  • Men's Stuff (4)
  • Party Report (3)
  • Virtual Happy Hour (8)

Subscribe To The Party Report

About PubClub.com

PubClub.com is a content-oriented nightlife tourist guide dedicated to social-minded travelers with articles on worldwide destinations such as Amsterdam, the Greek Islands, Prague, Las Vegas, Los Angeles, Hawaii, Canada, and more. Top keywords for search are pubclub, pub club, party pubs, club pub, travel pub, pub club night, pubs and clubs and the pub club.
Read More...
Our Terms | Privacy

Legal

Ads

Powered by imFORZA