The St. Joe Firm Announces Plans for a House2 Suites by Hilton Hotel in Santa Rosa Seashore, Florida

PANAMA Metropolis Seaside, Fla.–(Company WIRE)–The St. Joe Company (NYSE: JOE) (“St. Joe”) right now announces strategies for a Home2 Suites by Hilton lodge in Santa Rosa Beach, Florida. St. Joe intends to establish the hotel on its property close to West Hewett Highway just north of US Highway 98.

Ideas phone for the 4-story hotel to element 107 guest rooms like some just one-bedroom suites. The facilities are planned to consist of a pool, a health middle and an outside lounge with a hearth pit. All House2 Suites by Hilton inns supply company with absolutely free WiFi and complimentary breakfast. The prepared site for the resort is fewer than 1 mile from the iconic Scenic Freeway 30A corridor and in near proximity to Topsail Hill Maintain Point out Park and the area’s white-sand beach locations.

“This lodge is a excellent suit for this spot and is a good enhance to our other motels in the location,” claimed Patrick Murphy, Senior Vice President of Hospitality for St. Joe. “More than 4 million people take a look at this area every calendar year to take pleasure in the stunning shorelines, condition parks, vivid restaurant scene and plentiful community shopping. This hotel is planned to be in the center of it all.”

The moment total, the prepared hotel will be managed by St. Joe. The Company owns or operates 5 hotels and with this planned Residence2 Suites by Hilton resort, it will have an additional six hotels less than advancement or design. On their completion, these jobs will provide St. Joe’s lodge portfolio to 1,170 rooms.

St. Joe intends to break floor on the prepared Household2 Suites by Hilton hotel later in 2021 and anticipates a 2023 opening.

Vital Discover About Ahead-Searching Statements

This push launch is made up of “forward-searching statements,” within the which means of Segment 21E of the Trade Act, such as statements concerning the proposed Dwelling2 Suites by Hilton lodge. These forward-wanting statements are skilled in their entirety by cautionary statements and chance aspects established forth in St. Joe’s filings with the SEC, such as its Annual Report on Variety 10-K for the year ended December 31, 2020, its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 and subsequent filings as perfectly as the adhering to: (1) the means of St. Joe to finish the proposed resort and (2) the fascination of future consumers in a House2 Suites by Hilton resort in Santa Rosa Beach front, Florida. St. Joe manages or owns motels as a result of its wholly owned subsidiaries or its consolidated or unconsolidated joint ventures.

About The St. Joe Enterprise

The St. Joe Company is a real estate enhancement, asset management and running corporation with actual estate belongings and functions in Northwest Florida. The Corporation intends to use present belongings for residential, hospitality and business ventures. St. Joe has considerable residential and business land-use entitlements. The Business actively seeks higher and superior utilizes for its actual estate assets by a variety of growth actions. Additional info about the Firm can be identified on its web site at www.joe.com. On a frequent basis, the Firm releases a online video demonstrating progress on jobs in progress or below development. See https://www.joe.com/video clip-gallery for much more information and facts.

About House2 Suites by Hilton

Household2 Suites by Hilton, just one of the speediest-rising brand names in Hilton’s historical past, is a mid-tier, all-suite, award-successful extended-keep lodge thought built to supply attractive lodging with flexible guestroom configurations and encouraged amenities for the cost-acutely aware guest. With a determination to environmentally friendly goods and resort operations, Household2 Suites by Hilton delivers complimentary breakfast options, modern and customizable guestroom types, laundry and health locations, complimentary WiFi, numerous outdoor spaces, 24-hour enterprise facilities, expansive neighborhood areas and pet-pleasant environments. Property2 Suites by Hilton has additional than 475 motels with 440 in progress. Hilton Honors members who ebook immediately via favored Hilton channels have obtain to immediate added benefits. Visit www.residence2suites.com for extra data.

St Joe Corporation 2021. “St. Joe®”, “JOE®”, the “Taking Flight” Style®, “St. Joe (and Using Flight Style) ®are registered service marks of The St. Joe Company or its affiliate marketers.