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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A new training center near the EDGE District wants to give runners and cyclists a reason to stick around after their workouts.
Orange Belt Collective is targeting a summer 2027 opening at 1501 Burlington Avenue North, combining endurance-focused fitness spaces with a public café, a grab-and-go market, and an outdoor gathering area.
For founders Michael Rideout and Nathan Stonecipher, the idea grew out of the CRIT Championship Tour, a bicycle race they helped bring to the EDGE District in 2023.
A group ride associated with the event brought hundreds of cyclists from different clubs, bike shops, and generations to Green Bench Brewing, filling Baum Avenue with bikes.
Afterward, people hung around to talk with riders they might otherwise have never met.
For Rideout, it was a welcome departure from the usual routine, when cyclists finish a group ride and head their separate ways.