The St Joe Company in collaboration with InterMountain Management has opened a new property, Residence Inn by Marriott Panama City Beach Pier Park in Florida, US.  

Managed by InterMountain, this hotel is located in the Pier Park shopping and entertainment district in Panama City Beach. 

It has 121 suites in one-bedroom and two-bedroom configurations, with full kitchens, featuring a stovetop, coffee maker, microwave, dishwasher, and full-sized refrigerator. 

Other complimentary amenities offered at the new hotel include Wi-Fi, grocery delivery services, on-site parking, breakfast, an outdoor pool and a fitness centre. 

The new Residence Inn hotel is the second extended-stay property owned by a partnership between St Joe and InterMountain in the Panama City Beach area.  

This follows the opening of the 124-suite TownePlace Suites by Marriott Panama City Beach Pier Park Hotel.  

St Joe Commercial real estate vice president William Brock said: “Our joint venture with InterMountain has produced two great Marriott-branded hotels in the popular Pier Park area. 

“As Panama City Beach continues to position itself as a year-round destination for families, this new hotel will provide visitors with another extended-stay option and supports our goal of having lodging and hospitality offerings to meet every traveller’s needs and price point.” 

The new Residence Inn property further contributes to St Joe's expanding hotel portfolio, which now includes 1,298 operational hotel rooms. 

St Joe launched five new hotels last year, with 2024 marking these properties' first full year of operations.  

With the latest addition of the Residence Inn, St Joe, either individually or through consolidated /unconsolidated joint ventures, now has around 12 hotels in its portfolio. 

Last July, St Joe Company opened the 75-room Camp Creek Inn in Watersound Hotel in Florida, US.