News

Investment / November 30, 2021

OTO Development Acquires SpringHill Suites in Panama City Beach

Carolina-based OTO is building its beachfront presence along the popular Florida Panhandle Full Story

Investment / November 3, 2021

OTO Development Moves into Yosemite Market

Leisure portfolio expands with a complement of three branded hotels near the South Gate of Yosemite National Park Full Story

Investment / September 10, 2021

DoubleTree Cocoa Beach Joins OTO's Growing Oceanfront Portfolio

Riding a wave of optimism about leisure travel, OTO acquires its sixth beachfront property: DoubleTree by Hilton Cocoa Beach on Florida's Space Coast. Full Story

Investment / May 12, 2021

OTO Acquires Courtyard by Marriott Los Angeles Woodland Hills, CA

OTO Development is growing once again with its sixth acquisition in just three years, the purchase of the Courtyard by Marriott Los Angeles Woodland Hills. Full Story

Investment / August 24, 2015

OTO Development Among 2015 Inc. 5000, List Of America’s Fastest-Growing Private Companies

OTO Development announces its fourth consecutive year on the list of Inc. 5000... Full Story

Investment / February 6, 2015

Blackstone Rides the Hospitality Wave

The largest transaction is a 19-property portfolio of national select-service hotels acquired from OTO Development. Full Story

Investment / April 3, 2014

Blackstone Grabs Select-Service Portfolio

The seller of the portfolio was Spartanburg, S.C. based OTO Development. Full Story

Investment / January 8, 2013

Garden City Hyatt Fetches $31M

Summit purchased the Hyatt from OTO Development, LLC for $31 million in a deal that closed on Dec. 27, 2012. Full Story

Investment / October 6, 2012

Local Hospitality Company Does Well Despite Economic Downturn

Even during good financial times, hotels are considered to be risky ventures. Full Story

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