THE ST. JOE COMPANY

“We’re very proud of our success of our TownePlace Suites by Marriott near Pier Park – in fact, it is so successful that we’re answering excess demand with this new hotel,” says Dewey Weaver, owner of InterMountain. “We believe this hotel is coming to the right place at the right time to enhance the Panama City Beach experience both for visitors and residents. It will help support local events and local businesses by bringing additional accommodations to areas that are within walking distance of attractions.”

“It has been exciting to see the first Watersound Town Center tenants open their doors and start welcoming customers,” said Samantha Walton, Director of Sales and Leasing for The St. Joe Company (NYSE:  JOE), Watersound Town Center’s owner.  “We intend for this center to become a convenient destination for people whether they are running their weekly errands, visiting a professional office or spending a leisurely day strolling the town center and discovering new and unique restaurants and shops.” 

“We have seen great demand in our residential communities in Panama City Beach and the Ward Creek community is no exception,” said Bridget Precise, Senior Vice President of Residential Real Estate for St. Joe. “We have homesites under contract in this community with a national luxury homebuilder who is entering the Northwest Florida market for the first time as well as a homebuilder who has built homes in several of our other communities.”

The St. Joe Company (NYSE: JOE) (“St. Joe”) releases its 2021 letter to shareholders and Annual Report on the company’s website at ir.joe.com.