A parcel of land is cleared just a short distance from the Gulf of Mexico in Santa Rosa Beach for the planned Home2 Suites by Hilton hotel. — Photo by Hilton

The St. Joe Company (NYSE: JOE) ("St. Joe") today announces plans for a Home2 Suites by Hilton hotel in Santa Rosa Beach, Florida. St. Joe intends to build the hotel on its property near West Hewett Road just north of US Highway 98.

Plans call for the four-story hotel to feature 107 guest rooms including some one-bedroom suites. The amenities are planned to include a pool, a fitness center and an outdoor lounge with a fire pit. All Home2 Suites by Hilton hotels provide guests with free WiFi and complimentary breakfast. The planned location for the hotel is less than one mile from the iconic Scenic Highway 30A corridor and in close proximity to Topsail Hill Preserve State Park and the area's white-sand beaches.

Once complete, the planned hotel will be managed by St. Joe. The Company owns or operates five hotels and with this planned Home2 Suites by Hilton hotel, it will have an additional six hotels under development or construction. Upon their completion, these projects will bring St. Joe's hotel portfolio to 1,170 rooms.

St. Joe intends to break ground on the planned Home2 Suites by Hilton hotel later in 2021 and anticipates a 2023 opening.