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St. Joe, Key International Break Ground on Embassy Suites Hotel in Panama City Beach
Land development company the St. Joe Co. and Miami-based real estate investment company Key International have broken ground on a 255-room Embassy Suites Hotel in the Pier Park area of Panama City Beach.
The hotel is being constructed on land currently owned by St. Joe, adjacent to the Pier Park lifestyle center at Front Beach Road. Once complete, St. Joe will manage the day-to-day operations of the hotel. Plans call for the hotel to feature a pool, meeting space, a fitness center, an on-site restaurant and an upper-level, gulf-view social event space. The hotel is expected to be completed in 2021.
“The groundbreaking of this resort property supports our firm’s strategy of delivering quality guest accommodations and experiences in Florida’s captivating coastal cities,” said Inigo Ardid, co-president of Key International. “We look forward to further growing our portfolio and relationship with Embassy Suites.” The company previously delivered the Embassy Suites St. Augustine Beach Oceanfront Resort in 2018.
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