Hotel Indigo Panama City Marina, an IHG Hotel

The St. Joe Company Announces Opening of a 124-Room Hotel Indigo in Downtown Panama City

The St. Joe Company (NYSE: JOE) ("St. Joe"), and IHG Hotels & Resorts [LON: IHG, NYSE: IHG (ADRs)] announce the opening of the 124-room Hotel Indigo Downtown Panama City Marina. The five-story hotel is located in the historic waterfront district of downtown Panama City, Florida. The hotel offers sweeping views of St. Andrews Bay and a walkable location convenient to the many locally owned restaurants, bars and businesses that make up the unique and historic downtown.

Hotel Indigo Panama City Marina, an IHG Hotel ......

Photo by IHG

Hotel Indigo properties are designed to be as individual as their surroundings and reflect the local culture of their communities. Each hotel is part of the pulse and rhythm of a place, drawing on the unique story of its local area to inspire every aspect of the hotel, from intriguing design to distinctive local ingredients on menus. At Hotel Indigo Downtown Panama City Marina guests will enjoy two on-site restaurants: Tarpon's, offering a delicious Southern twist on coastal fare for breakfast, lunch, and dinner with indoor and outdoor seating providing water views; while the open-air fifth-floor dining venue, Steam on 5, serves fresh local seafood alongside thoughtfully curated craft cocktails with breathtaking views of St. Andrews Bay.

Guests of the hotel can enjoy the conveniences of high-speed internet, complimentary parking, a private pool, an outdoor fire pit, a 24-hour fitness center and an onsite retail shop. The hotel is pet-friendly and able to host meetings and special events in a spacious banquet room or outside on the event lawn.

This is the fourth of five new hotel openings planned in the first half of 2023. St. Joe's hotel portfolio now consists of 1,102 operational hotel rooms. Two additional hotels are currently under construction, with Camp Creek Inn planned to open later in June of this year and the other, Residence Inn by Marriott Panama City Beach planned to open in 2024. These hotels will bring St. Joe's total portfolio to 1,298 rooms once complete.

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The Hotel Indigo® brand is a global boutique hotel brand that delivers a refreshing and inviting guest experience that is truly reflective of the local community. From the locally inspired murals to the renewal program where the music, scent, and menu items change throughout the year, each Hotel Indigo hotel delivers a vibrant, engaging and genuine boutique experience that gives guests the confidence to step out and explore the local...

IHG Hotels & Resorts is a global hospitality company, with a purpose to provide True Hospitality for Good. With a family of 19 hotel brands and IHG One Rewards, one of the world's largest hotel loyalty programmes, IHG has over 6,000 open hotels in over 100 countries, and more than 1,900 in the development pipeline.

The St. Joe Company is a real estate development, asset management and operating company with real estate assets and operations in Northwest Florida. The Company intends to use existing assets for residential, hospitality and commercial ventures. St. Joe has significant residential and commercial land-use entitlements. The Company actively seeks higher and better uses for its real estate assets through a range of development activities.