image credit: Pixabay
OTO Development has added DoubleTree by Hilton Cocoa Beach Oceanfront to its growing portfolio.
South Carolina-based OTO Development, which is part of The Johnson Group, acquired the DoubleTree by Hilton in Cocoa Beach, Florida, from Pandey Hotel Group of New Zealand. The transaction — brokered by Paul Weimer, Christian Charre, Jennifer Jin and Andrew Pastorino, all of CBRE Hotels — closed on Thursday, September 9.
his is the sixth oceanfront property OTO has purchased since Q4 2018.
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