Florida & Gulf Coast + Gulf Coast + Hospitality | January 18, 2023

The St. Joe Company has purchased The Pearl Hotel, a luxury 55-room hotel located in Rosemary Beach, FL along the Gulf of Mexico.

The St. Joe Company Captures The Pearl Hotel in Rosemary Beach

Panama City Beach, FL-based The St. Joe Company has purchased The Pearl Hotel, a luxury 55-room hotel located in Rosemary Beach, FL that features a stretch of private beach along the Gulf of Mexico.

The St. Joe Company, a real estate development, asset management and operating company with real estate assets and operations in Northwest FL, has managed the hotel’s day-to-day operations since 2014.

With the purchase, St. Joe now owns three hotels in the Scenic Highway 30A corridor and has two additional hotels under construction along this corridor that are planned to open in 2023.

St. Joe Companies expects to open five new hotels in 2023, including the 85-room The Lodge 30A in Seagrove Beach, the 255-room Embassy Suites in Panama City Beach, the 75-room Camp Creek Inn and adjacent Watersound Club amenity expansion, the 107-room Home2 Suites in Santa Rosa Beach, and the 124-room Hotel Indigo in downtown Panama City’s historic marina district. Once these projects are complete, St. Joe’s hotel portfolio will more than double to 1,117 rooms.

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Inside The Story

The St. Joe Companies' Jorge Gonzalez

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.