The St. Joe Company (NYSE: JOE) (“St. Joe”), joint venture
partner Key International, Inc. (“Key International”) and Hilton
(NYSE: HLT) announce the opening of the 255-suite Embassy Suites by
Hilton Panama City Beach Resort. The resort is located in the
popular Pier Park shopping and entertainment district with
unobstructed views of the Gulf of Mexico available from each of its
five floors.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230427005954/en/
The Embassy Suites by Hilton Panama City
Beach Resort enjoys unobstructed views of the Gulf of Mexico and
the area's beautiful white sand beaches. The hotel is located in
the popular Pier Park shopping and entertainment district, at 16006
Front Beach Road in Panama City Beach, Florida. (Photo: The St. Joe
Company)
The resort features a Gulf-view pool complex with a waterslide
and hot tub, a business center, a fitness center and approximately
15,500 square feet of meeting and event space. Additionally, the
resort is home to two restaurants, Blu Bar & Grill serving
lunch and dinner with both indoor and outdoor seating, and Fin,
which provides guests with complimentary hot breakfast. Vue 55, the
fifth-floor, open-air event venue, is available for weddings and
group functions and boasts sweeping views of the Gulf of Mexico and
the Russell-Fields Pier.
Embassy Suites by Hilton Panama City Beach Resort’s 255 suites
are a mix of one- and two-bedroom suites, including two-bedroom
family suites and multi-room suites with bunkbeds. The resort’s
Five Feet to Fitness™ suites enable guests to work out in the
privacy of their suite with access to a variety of fitness
equipment.
“The location of this resort is unlike anything in the market,
and we are proud to be open and welcoming guests,” said Mike
Chouri, General Manager of the Embassy Suites by Hilton Panama City
Beach Resort. “Our guests are able to park their vehicles upon
arrival, enjoy the beach right across the street, experience great
amenities on property, and easily walk to dozens of shops and
restaurants.”
“We’re thrilled to be opening the doors to this highly
anticipated resort offering a refined, yet approachable and
family-friendly experience in Panama City Beach,” said Shawn
Gracey, Executive Vice President of Hospitality for Key
International. “This is our second resort with the Embassy Suites
by Hilton brand and one of the most impactful new hospitality
projects coming to Northwest Florida.”
St. Joe’s hotel portfolio now consists of 871 hotel rooms. Four
additional hotels are currently under construction and will bring
the total to 1,298 rooms once complete.
Embassy Suites by Hilton Panama City Beach Resort is located at
16006 Front Beach Road in Panama City Beach, Florida. Visit
www.panamacitybeachresort.embassysuites.com for
reservations.
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 four new hotels.
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 four new hotels and
(2) the interest of prospective guests in each of the four 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.
About Key International,
Inc.
Key International is a global real estate development and
investment firm with over $8 billion in projects and operations in
Florida, Spain and Portugal. Since its inception in 1970, the firm
has been a driving force in the growth of South Florida’s real
estate market, as developers and owners of high profile properties
including the Eden Roc Resort Miami Beach, the Marriott Stanton
Hotel South Beach and the 848 Brickell Avenue office building. Key
International has also led the way as developers of marquee
residential projects including 1010 Brickell, 400 Sunny Isles, Mint
and Ivy on the Miami River, Parks at Delray and Waterways Luxury
Apartments & Marina in St. Petersburg. Its hospitality division
has nearly doubled over the last five years via strategic
developments and acquisitions in top-rated leisure markets,
exemplified by the award-winning Embassy Suites St. Augustine Beach
Resort. Key's most recent acquisition, The Perry Hotel & Marina
Key West, gives it a strategic footprint in the highest RevPAR
market in the country.
Please see www.keyint.com for more information on the company
and its portfolio.
About Hilton
Hilton (NYSE: HLT) is a leading global hospitality company with
a portfolio of 19 world-class brands comprising more than 7,100
properties and more than 1.1 million rooms, in 123 countries and
territories. Dedicated to fulfilling its founding vision to fill
the earth with the light and warmth of hospitality, Hilton has
welcomed more than 3 billion guests in its more than 100-year
history, earned a top spot on Fortune’s 100 Best Companies to Work
For list and been recognized as a global leader on the Dow Jones
Sustainability Indices for six consecutive years. Hilton has
introduced several industry-leading technology enhancements to
improve the guest experience, including Digital Key Share,
automated complimentary room upgrades and the ability to book
confirmed connecting rooms. Through the award-winning guest loyalty
program Hilton Honors, the more than 150 million members who book
directly with Hilton can earn Points for hotel stays and
experiences money can’t buy. With the free Hilton Honors app,
guests can book their stay, select their room, check in, unlock
their door with a Digital Key and check out, all from their
smartphone. Visit stories.hilton.com for more information, and
connect with Hilton on Facebook, Twitter, LinkedIn, Instagram and
YouTube.
About Embassy Suites by
Hilton
Embassy Suites by Hilton, one of Hilton’s 19 market-leading
brands, is dedicated to delivering what matters most to travelers.
The full service, upscale brand offers both leisure and business
travelers an approachable, best-in-class experience with two-room
suites, free made-to-order breakfast, inviting open atriums,
24-hour fitness centers and a complimentary evening reception.
Embassy Suites by Hilton offers more than 260 open hotels with 42
properties in development. Experience a positive stay at Embassy
Suites by Hilton by booking at embassysuites.com or through the
industry-leading Hilton Honors app. Hilton Honors members who book
directly through preferred Hilton channels have access to instant
benefits. Learn more about Embassy Suites by Hilton at
stories.hilton.com/embassysuites, and follow the brand on Facebook,
Twitter and Instagram.
©2023 The St Joe Company. “St. Joe®”, “JOE®”, the “Taking
Flight” Design®, “St. Joe (and Taking Flight Design,) ®”and “Pier
Park ®” are registered service marks of The St. Joe Company or its
affiliates.
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version on businesswire.com: https://www.businesswire.com/news/home/20230427005954/en/
St. Joe Investor Relations Contact: Marek Bakun Chief Financial
Officer 1-866-417-7132 marek.bakun@joe.com
St. Joe Media Relations Contact: David Demarest Director of PR
& Communications 1-850-213-5137 david.demarest@stjoe.com
Key International Media Relations Contact: Alice Teodoro Power
Collective 1-786-888-4549 alice@powercollective.com
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