The Beachcomber hotel and Jimmy B’s Beach Bar on St. Pete Beach sell for $31.5 million
/An iconic waterfront hotel on St. Pete Beach, which has operated for more than 50 years, now has new owners.
The Beachcomber Hotel, located at 6200 Gulf Boulevard, has been purchased by South Carolina-based OTO Development for $31.5 million.
The seller, Miami-based Gencom, acquired the hotel in 2018 for $24 million.
The 102-room Beachcomber is one of the most recognizable hotels on St. Pete Beach, known for its laid-back “Old Florida” vibe and Jimmy B’s Beach Bar, a popular live music venue that has become a staple for both tourists and locals.
OTO Development, a hospitality company that develops, owns, renovates and manages hotels across the United States, has not publicly detailed its long-term plans for the property.
“This is an exciting addition to OTO’s growing portfolio in the Tampa-St. Pete market,” said CEO Rob Rain in a press release. “The Beachcomber complements our nearby properties, positioning us to meet continued demand from the millions of tourists who visit St. Pete Beach each year.”
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