The St. Joe Company and InterMountain Management, LLC Announce the Opening of the 121-Suite Residence Inn by Marriott Panama City Beach Pier Park

The St. Joe Company (NYSE: JOE) (“St. Joe”) and InterMountain Management, LLC (“InterMountain”) announce the opening of the 121-suite Residence Inn by Marriott Panama City Beach Pier Park (“Residence Inn”). The hotel is located at 15900 Panama City Beach Parkway, Panama City Beach, FL 32413 in the popular Pier Park shopping and entertainment district.

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Residence Inn by Marriott Panama City Beach Pier Park (Photo: Business Wire)

Managed by InterMountain, the pet-friendly hotel features 121 studio, one-bedroom and two-bedroom guest suites with full kitchens, equipped with a full-sized refrigerator, stovetop, microwave, dishwasher and coffee maker. Complimentary amenities include hot breakfast, Wifi, on-site parking, grocery delivery services, outdoor pool and fitness center. The convenient location is ideal for families traveling on vacation as well as for business travelers, as guests will be within walking distance of the nearby Pier Park district, white sand beaches and the Frank Brown Park sports complex and event site.

Residence Inn is the second extended-stay hotel in Panama City Beach owned by a partnership of St. Joe and InterMountain, preceded by the 124-suite TownePlace Suites by Marriott Panama City Beach Pier Park (“TownePlace Suites”).

“Our joint venture with InterMountain has produced two great Marriott-branded hotels in the popular Pier Park area,” said William Brock, Vice President of Commercial Real Estate for St. Joe. “As Panama City Beach continues to position itself as a year-round destination for families, this new hotel will provide visitors with another extended-stay option and supports our goal of having lodging and hospitality offerings to meet every traveler’s needs and price point.”

Residence Inn adds to St. Joe’s growing and varied hotel portfolio, increasing the company’s operational hotel rooms to 1,298 and providing a wide range of options at different service levels and locations. In 2023, St. Joe opened five new hotels with 2024 as the first full year of operations for these new properties. St. Joe, individually or through consolidated and unconsolidated joint ventures, now has 12 hotels in its portfolio with the addition of this Residence Inn.