While construction may have slowed for some developers in the wake of COVID-19, JDA and OTO have continued to strategically move forward on construction projects nationwide.
OTO continues to develop new hotels in high barrier-to-entry markets, while also seeking opportunities to purchase and repurpose existing hotel properties. In those cases, OTO applies an aesthetic refresh to a well-located property, while adding value through its hotel operations expertise.
JDA is also pursuing a number of new development projects, with many currently underway and others forming a healthy pipeline of upcoming activity. The company now has seven regional offices to support its expanding geographic footprint, and we are excited to renew our investment in the multifamily sector and grow our asset management capabilities company-wide.
Below you’ll see a selection of projects that have recently opened and projects that are under construction.
OTO recently completed the renovation and rebranding of this oceanfront Hampton Inn in Key West, FL.
This Fairfield Inn and Suites in Marathon, FL was fully renovated and expanded to include 161 guest rooms, an on-site restaurant, and a 10-slip marina and building.
Hyatt Place National Harbor opened in August 2020, prominently located at the entrance to Waterfront Street and hosting Potomac River views from over 55 percent of its rooms.
OTO acquired this beachfront Holiday Inn Resort in Wrightsville Beach in December 2020 and will be refreshing the property over the course of the next 12-18 months.
Rendered here at sunset, the 220-room AC Hotel in Bethesda, MD will be four blocks south of the future headquarters of Marriott.
Another recent acquisition, this future Hilton Garden Inn sits beachfront in St. Pete Beach and will re-open in Spring 2021.
The HGI St. Pete Beach will feature a restaurant and beach bar.
The JDA Industrial team has been very active, with a portfolio under development that includes this future 149,940 SF facility in Orlando, FL.
This spec building under construction in Arlington, TX enables tenants to locate their business equidistant between the Dallas and Fort Worth city limits.
This facility in Riviera Beach, FL is strategically located just over 0.5 miles from the Port of Palm Beach.
This 331,768 SF cross-dock building located in Gloucester County, NJ was pre-sold before its completion in December 2020.
Located in Burlington, NJ, this facility is proximate to the I-295 corridor, home to a growing number of Fortune 500 tenants.
This beautiful new multifamily community sits within minutes of downtown Naples, FL.
The Trails at Hunter's Lake is a new, mixed-use project in the heart of New Tampa - an upscale, suburban community surrounded by employment.
Coastline Ventura sits atop a bluff in California overlooking the Pacific Ocean, with over 1,500 feet of ocean-facing frontage.
The Self-Storage team will break ground on this new facility in Glen Head, NY, in April 2021.
Deer Park, located on Long Island in NY, became our team's 60th self-storage facility to open since 2016.
In addition to developing new hotels, OTO’s operating expertise continues to be leveraged by third-party owners, most recently attracting the business of Host, the largest publicly traded lodging REIT. In early 2021, Host picked OTO to manage their first AC, that property having just opened in Scottsdale, AZ.
