The Beachcomber hotel and Jimmy B’s Beach Bar on St. Pete Beach sell for $31.5 million
/The Beachcomber’s tropical-themed courtyard | Beachcomber
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.”
The 102-room Beachcomber hotel was recently purchased for $31.5 million | Beachcomber
The recent acquisition of The Beachcomber marks the steady growth of OTO Development’s footprint in Tampa Bay.
The company already owns the AC Hotel by Marriott in downtown St. Pete, Hampton Inn & Suites in Ybor City, DoubleTree on North Redington Beach, and the Hilton Garden Inn on St. Pete Beach, which is located next to The Beachcomber.
“We are intrigued by the potential synergy between The Beachcomber and Hilton Garden Inn,” said Rain about the two hotels, which are home to two of the busiest beachfront bars in town—Jimmy B’s Beach Bar and Coconut Charlie's Beach Bar & Grill.
The hotel offers guests direct beach access with chairs and towels provided, two heated outdoor pools, over 2,100 square feet of meeting and event space, and access to its courtyard.
The Beachcomber closed for about a year following the back-to-back hurricanes in late 2024. Both the hotel and its adjoining beach bar reopened in October 2025 after a major restoration was complete.
Jimmy B’s Beach Bar at The Beachcomber on St. Pete Beach | Jimmy B’s Beach Bar
