![]() ![]() Andrew Bay and downtown Panama City’s walkable central business and entertainment district. 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. 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. ![]() 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. 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. 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. Joe will grow its significant hotel presence in this area. With the addition of Camp Creek Inn and The Lodge 30A, St. ![]() 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). 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. , 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 Lodge 30A in Seagrove Beach, Florida, presented by The St. ![]()
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