FINANCED
LANDLORD
SOLD
BUYER
Corry Oakes Of OTO Development Acquires Hotel In Fort Walton For $23.6M
Hotel$384 PPSF61.4K sqf
+ 1
OTO Development
$120M
Volume
$24M
Sold
$96M
Financed
2
Closed
182K
Area
About
OTO Development, part of The Johnson Group, is a private company that develops, owns, and operates upscale select-service hotels throughout the continental United States. Founded in 2004 and partnering with the Hilton, Hyatt, IHG, and Marriott brands, OTO’s industry leadership position is anchored by a portfolio of excellent hotels staffed by exceptional people. Company growth is focused on developing new hotels in high-barrier-to-entry markets; purchasing and repurposing existing hotel properties; and expanding third-party management relationships. Every OTO associate is an integral part of a team focused on providing an exceptional guest experience. We take pride in our hotel properties, our role in the communities where we live and work, and the superior work environment we provide. When you join OTO, your contributions have a direct impact on your workplace and on the experience of our guests. OTO is a growing company with a bias toward action and an impressive record of accomplishment. We seek individuals who want an environment in which they are recognized for their accomplishments and rewarded for individual and group successes. OTO provides competitive pay and benefit... Read More
Top Deals
FINANCED
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New York | Hotel | PPSF: $796
08/27/2025
SOLD
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Florida | Hotel
SOLD
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Florida | Hotel | PPSF: $384
02/28/2022
SOLD
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Texas | Hotel
09/08/2025
Focus
Sale
Markets
Florida
FAQs
OTO Development has financed 2 deals.
OTO Development's most recent deal was on August 27, 2025.
OTO Development's largest deals include a sale of $23,620,100.00 for 380 Santa Rosa Boulevard, Fort Walton Beach, Florida 32548, United States, and a loan of $96,000,000.00 for 252 West 40th Street.
Member since: October 2024