{"id":1004156414,"date":"2016-10-24T05:51:13","date_gmt":"2016-10-24T13:51:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004156414"},"modified":"2020-04-29T22:20:50","modified_gmt":"2020-04-30T06:20:50","slug":"oto-development-expands-portfolio-with-five-hotels","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/oto-development-expands-portfolio-with-five-hotels\/","title":{"rendered":"OTO Development Expands Portfolio with Five Hotels"},"content":{"rendered":"<p>by Laura Calugar<\/p>\n<div id=\"attachment_1004156424\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/hilton-garden-inn-sarasota-florida-hotel-home2-top.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004156424\" data-attachment-id=\"1004156424\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/oto-development-expands-portfolio-with-five-hotels\/hilton-garden-inn-sarasota-florida-hotel-home2-top\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/hilton-garden-inn-sarasota-florida-hotel-home2-top-e1477316889325.jpg\" data-orig-size=\"807,371\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"hilton-garden-inn-sarasota-florida-hotel-home2-top\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/hilton-garden-inn-sarasota-florida-hotel-home2-top-e1477316889325.jpg?w=807\" class=\"wp-image-1004156424 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/hilton-garden-inn-sarasota-florida-hotel-home2-top-e1477316889325.jpg\" alt=\"Hilton Garden Inn Sarasota Hotel-Bradenton Airport, Fl.\" width=\"300\" height=\"138\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/hilton-garden-inn-sarasota-florida-hotel-home2-top-e1477316889325.jpg 807w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/hilton-garden-inn-sarasota-florida-hotel-home2-top-e1477316889325.jpg?resize=300,138 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/hilton-garden-inn-sarasota-florida-hotel-home2-top-e1477316889325.jpg?resize=768,353 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004156424\" class=\"wp-caption-text\">Hilton Garden Inn Sarasota Hotel-Bradenton Airport, Fl.<\/p><\/div>\n<p><strong>Spartanburg, S.C.<\/strong>\u2014<a href=\"https:\/\/www.otodevelopment.com\/\" target=\"_blank\" rel=\"nofollow\">OTO Development<\/a>, a lodging company founded in 2004, added five contracts to its\u00a0managed portfolio this month, continuing its growth as a third-party management provider. Specializing in upscale select-service hotels, the hospitality company will now provide operational <a href=\"https:\/\/www.commercialsearch.com\/news\/property-management\/\" target=\"_blank\">management<\/a> to the following properties: Hampton Inn &amp; Suites Annapolis, Md.; Hilton Garden Inn Fredericksburg, Va.; Hampton Inn Sarasota-I-75 Bee Ridge, Fla.; Hilton Garden Inn Sarasota-Bradenton Airport, Fla.; and Hilton Garden Inn Fort Myers, Fla.<\/p>\n<p>\u201cOur success in management really comes down to our core principle of adding lasting value to each and every property in our portfolio. We\u2019re committed to driving revenue and increasing returns for our ownership groups. With the addition of these five properties, we\u2019re looking forward to even more opportunities for growth as we look ahead into 2017,\u201d said Jason Boehm, OTO\u2019s vice president of business development, in a prepared statement.<\/p>\n<p>With a focus on Hilton, Hyatt and Marriott-branded properties, OTO\u2019s recent areas of interest include the Mid-Atlantic region, South Florida and California, with plans to expand.<\/p>\n<p>\u201cUltimately, our goal is to bring in more revenue for our managed properties, providing more profits to their bottom line and benefiting the ownership groups we partner with,\u201d said Corry Oakes, OTO Development\u2019s CEO and founding partner.<\/p>\n<p>OTO develops, owns and operates upscale select-service <a href=\"https:\/\/www.commercialsearch.com\/news\/hotel\/\" target=\"_blank\">hotels<\/a> in key markets across the U.S.<\/p>\n<p><em>Image courtesy of <a href=\"https:\/\/www.hiltongardensarasota.com\/\" target=\"_blank\" rel=\"nofollow\">Hilton Garden Inn Sarasota-Bradenton Airport, Fl.<\/a> <\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The hospitality company will provide operational management to five new properties in the Mid-Atlantic and Florida markets. <\/p>\n","protected":false},"author":238,"featured_media":1004507443,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21751,21742,21785],"tags":[],"class_list":["post-1004156414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hotel","category-latest","category-property-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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