OTO Development formed as a U.S. hospitality development company in May of 2004. Since that time, our real estate and construction team has quickly established a distinguished position among the nation’s most active developers of premier select-service hotel brands within the nation’s top markets. As a growing hotel development company, OTO been honored by Hilton Worldwide, Marriott International, and Global Hyatt with numerous awards and recognitions, classifying us among its elite franchise partners.
As of the first quarter of 2012, OTO Development has a $1.1 billion portfolio that includes 35 open hotels, three hotels under construction, and six sites under contract and in the entitlement process. In addition to the sites controlled by OTO, we are pursuing a $400 million pipeline of new projects in premier markets across the United States.
Our extensive knowledge of major U. S. metropolitan areas coupled with the strength of our cooperative brand partnerships enable us to identify quality markets, locate prominent sites, and secure the licenses for the best available brands. We employ a proven systematic approach to U. S. hospitality development that covers the entire process, from market feasibility through site selection, entitlements, construction, and operations management.