September 3, 2020 | Management
OTO Development, part of The Johnson Group, is expanding its management portfolio with three additional hotels in a new market. The Spartanburg SC-based hospitality company develops and operates its own select-service and lifestyle hotels while also lending expertise to ownership groups ranging from publicly-traded REITs to private equity firms to high net worth individuals.
The most recent third-party management contract, signed earlier this month, represents OTO’s entry into the dynamic Orlando, Florida market.
“We appreciate the partnership we have with our third-party ownership groups, rooted in mutual respect and trust. The opportunity to manage additional hotels in a new market is a vote of confidence in our performance and ability to create real value for owners,” says Corry Oakes, President/CEO of OTO Development. “While COVID-19 may have temporarily changed the hotel industry in a meaningful way, what has not changed it our commitment to effective strategies and relentless pursuit of opportunities to grow revenue, market share and profitability at all of our hotels.”
With a scalable platform comprising technology, human resources, revenue management and ecommerce functions, OTO offers a return on investment that outperforms industry standards.
About OTO Development
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 developing new hotels in high-barrier-to-entry markets; purchasing and repurposing existing hotel properties; and expanding management contracts with clients ranging from publicly traded REITs to private equity firms to high net worth individuals. For more information, visit OTODevelopment.com.