We Represented OTO DEVELOPMENT on 5th & Colorado Hotel Deals in Santa Monica, CA.
We are seeking hotel development sites in major cities throughout the United States.
We were the sole broker in both hotel development deals at the northeast and northwest corners of 5th & Colorado Avenue in Santa Monica, CA that will become a Santa Monica Courtyard By Marriott and Hampton Inn & Suites.
- Two 140-room hotels at 5th and Colorado in downtown Santa Monica
- 5 blocks from iconic Santa Monica pier, 1 block from Santa Monica Place, and proximate to a dynamic mix of corporate and leisure generators
- Hotels are first branded select service hotels in Santa Monica in over 25 years
ABOUT OTO DEVELOPMENT
OTO Development was established in 2004 by world-class entrepreneurs with long histories of success in rapid growth organizations. Builders of world-class organizations and a rich history in lodging, the founders created OTO Development with the mission to maximize the value of investments in both people and product. With an emphasis on quality, reliability, service, and value, our goal is to develop a portfolio of great hotels managed by exceptional people.