May 5, 2015 | Awards
OTO Development announces that it has been awarded the management contracts for five new hotels beginning May 1, 2015.
The contract obtained from Blackstone designates OTO Development as the management firm for the following properties in California and Arizona:
“Management contracts like this are an exciting area of continued growth for OTO Development,” commented CEO Corry Oakes. “We look forward to expanding our management portfolio with select-service hotels, an area where we have proven to maximize investor returns. These are all trusted hospitality brands with great reputations, and we’re honored to continue an already well-established relationship with Blackstone.”
The Hampton Inn-Phoenix will be OTO Development’s first Arizona location.
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