The St. Joe Company Announces Ideas for a Dwelling2 Suites by Hilton Hotel in Santa Rosa Seashore, Florida

PANAMA Metropolis Seaside, Fla.–(Company WIRE)–Jul 15, 2021–

The St. Joe Organization (NYSE: JOE) (“St. Joe”) now announces designs for a Residence2 Suites by Hilton lodge in Santa Rosa Beach, Florida. St. Joe intends to build the resort on its residence close to West Hewett Highway just north of US Highway 98.

Strategies contact for the 4-story lodge to aspect 107 guest rooms like some a single-bed room suites. The amenities are prepared to include things like a pool, a exercise heart and an out of doors lounge with a hearth pit. All Residence2 Suites by Hilton hotels provide friends with cost-free WiFi and complimentary breakfast. The prepared area for the resort is a lot less than one particular mile from the legendary Scenic Freeway 30A corridor and in near proximity to Topsail Hill Preserve Condition Park and the area’s white-sand shorelines.

“This resort is a fantastic suit for this location and is a good enhance to our other motels in the location,” stated Patrick Murphy, Senior Vice President of Hospitality for St. Joe. “More than 4 million people go to this region each and every 12 months to take pleasure in the gorgeous shorelines, point out parks, vibrant restaurant scene and considerable area browsing. This resort is planned to be in the center of it all.”

When entire, the planned lodge will be managed by St. Joe. The Organization owns or operates 5 hotels and with this planned Dwelling2 Suites by Hilton hotel, it will have an supplemental 6 hotels under progress or development. Upon their completion, these projects will convey St. Joe’s resort portfolio to 1,170 rooms.

St. Joe intends to crack ground on the planned House2 Suites by Hilton resort later on in 2021 and anticipates a 2023 opening.

Essential Detect About Ahead-Looking Statements

This push release consists of “forward-seeking statements,” inside the meaning of Segment 21E of the Exchange Act, including statements with regards to the proposed Residence2 Suites by Hilton lodge. These forward-wanting statements are experienced in their entirety by cautionary statements and risk variables set forth in St. Joe’s filings with the SEC, such as its Annual Report on Kind 10-K for the 12 months finished December 31, 2020, its Quarterly Report on Kind 10-Q for the quarter ended March 31, 2021 and subsequent filings as nicely as the pursuing: (1) the capability of St. Joe to total the proposed resort and (2) the desire of prospective consumers in a Property2 Suites by Hilton hotel in Santa Rosa Seaside, Florida. St. Joe manages or owns resorts via its wholly owned subsidiaries or its consolidated or unconsolidated joint ventures.

About The St. Joe Company

The St. Joe Organization is a serious estate advancement, asset administration and running business with authentic estate belongings and functions in Northwest Florida. The Business intends to use existing property for household, hospitality and business ventures. St. Joe has sizeable household and professional land-use entitlements. The Corporation actively seeks increased and much better works by using for its actual estate assets as a result of a vary of growth actions. Extra info about the Business can be uncovered on its web page at www.joe.com. On a normal foundation, the Firm releases a online video showing progress on assignments in progress or underneath construction. See https://www.joe.com/video-gallery for more data.

About Residence2 Suites by Hilton

Residence2 Suites by Hilton, a person of the fastest-rising brand names in Hilton’s historical past, is a mid-tier, all-suite, award-successful extended-remain hotel thought built to offer you trendy lodging with flexible guestroom configurations and influenced facilities for the charge-acutely aware guest. With a motivation to environmentally welcoming solutions and hotel functions, Property2 Suites by Hilton delivers complimentary breakfast alternatives, innovative and customizable guestroom types, laundry and exercise areas, complimentary WiFi, a number of outside spaces, 24-hour small business centers, expansive community spaces and pet-welcoming environments. Residence2 Suites by Hilton has far more than 475 lodges with 440 in development. Hilton Honors associates who e-book immediately by way of most popular Hilton channels have entry to immediate positive aspects. Check out www.household2suites.com for additional details.

St Joe Firm 2021. “St. Joe ® ”, “JOE ® ”, the “Taking Flight” Style ®, “St. Joe (and Using Flight Style) ® ” are registered services marks of The St. Joe Company or its affiliates.

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Call: St. Joe Trader Relations Make contact with:

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PUB: 07/15/2021 05:03 PM/DISC: 07/15/2021 05:03 PM

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