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Spartanburg,
SC – August 9, 2022 / Newsmaker Alert: Corry W. Oakes III, co-founder
and CEO of OTO Development,
passed away unexpectedly on Sunday, August 7, leaving behind his beloved
wife, Amy, and their three daughters Ashley, Elizabeth and Lauren.
“Corry
was a beloved leader and a dear friend to so many in our community and
our industry,” says Todd Turner, co-founder and VP/Real Estate at OTO
Development, which is part of The Johnson Group. “His impact on our
lives is as immeasurable as the grief we feel and the love for him and
his family.”
Oakes
and Turner, along with Jim Ovenden, provided their initials to name the
hotel development and hospitality management company they founded alongside
George Dean Johnson Jr. and the late H. Wayne Huizenga in May 2004.
George
Dean Johnson Jr., Oakes’ long-time mentor and business partner, and Geordy
Johnson and Susanna Johnson Shannon shared a statement on behalf of The
Johnson Group and the Johnson family: “Corry was more than just the
consummate professional and leader in the lodging industry. He was a tremendous
community servant, a mentor to all he worked with, a loving father and
family man, and a most trusted advisor on so many different levels to our
family. Words cannot describe how deeply he will be missed.”
A native
of Lawrenceville, Georgia, Oakes moved to Upstate South Carolina in 1985
to attend Wofford College, where he played outside linebacker for the Terriers.
After earning a bachelor’s degree in business economics, he held roles
of increasing responsibility with Johnson’s WJB Blockbuster Video and then
Extended Stay America, where he served as President and Chief Operating
Officer. As an NYSE-listed lodging chain, ESA thrived under his leadership,
becoming the fastest-growing owner-operated hotel chain in lodging history
prior to its sale to Blackstone. OTO Development was founded on the very
day the ESA sale closed.
Dedicated
to his alma mater, Oakes served as a member of Wofford’s Terrier Club Board
of Directors, President’s Advisory Board and Wofford College Board of Trustees
from 2009-2021. He served as Chairman of the Board of Trustees from 2019-2021.
“Corry’s
impact on our community will stretch far beyond the 37 years he’s been
a Terrier,” says Wofford College President Nayef Samhat. “Future
generations will have opportunities for a Wofford education and for international
travel, study and internships because of his legacy. He was a champion
for student success, dedicated to the educational mission, and we will
always remember his commitment, generosity and love for Wofford College.”
Funeral
arrangements are forthcoming. In the meantime, OTO Development appreciates
all colleagues, employees and friends keeping the Oakes family in their
prayers.
Words
of support are pouring in from community and business leaders, including
the following:
“I
was fortunate to meet Corry nearly 20 years ago. He was as fine a man as
I have ever known — warm, kind and big-hearted. He conducted complex business
negotiations without any of the acrimony typical of some hard-driving entrepreneurs.
He had a magnificent, gentle way about him that made you smile. He almost
seemed from a different era of grace and honor and goodness. You knew you
could trust his word. You knew that he cared about being fair. You knew
he took care of the ones he loved. And you knew he always put others first.
May his memory be a blessing for all of us. He certainly showed us the
way.” — Jonathan D. Gray, President & COO of Blackstone Group
“Corry
was a man who displayed complete integrity in business, and incredible
generosity and grace in person. I and everyone at Hilton feel so blessed
to have known this wonderful man and will continue to do all we can to
honor his legacy.” — Christopher J. Nassetta, CEO of Hilton
“For
years, we have had the privilege of working with Corry and appreciated
his dedication to excellent hotels and exceptional people. He served with
distinction as a member of our Advisory Councils, and we benefited from
his insights and his ability to work to reach consensus on complicated
issues. We appreciated Corry’s long-standing friendship, business acumen
and his humanity. He will be deeply missed.” — Anthony Capuano, CEO
of Marriott International Inc.
“In
a business based on relationships, we count none higher than that which
we enjoyed with Corry. His focus, clarity and the extraordinary way he
was able to provide feedback with a set of excellent ideas and inputs helped
us all at Hyatt be better. On a personal level, I already miss him deeply
as a friend. The industry lost a great person who meant so much to so many.”
— Mark Hoplamazian, CEO of Hyatt Hotels
“My
deepest sympathies go out to Corry’s family and the Johnson Group. Corry
was a great business partner, but more importantly he was a great husband,
father and friend. He will be dearly missed by all.” — Greg Carmichael,
Executive Chairman of Fifth Third Bankcorp
“It
was a great privilege to work with Corry in business as well as for our
community and observe firsthand his powerful leadership. He genuinely cared
about others and made everyone feel important. Corry touched so many people
and had an immeasurable impact on their lives. He will be greatly missed.”
— Benjamin Wall, Managing Partner of WJ Partners
“Corry
was an industry titan, but the real measure of his success was his care
and concern for people and community. He was an encourager, compassionate
leader and a lover of all things Spartanburg. His example calls all of
us to strive for better.” — Allen Smith, President/CEO of OneSpartanburg
“I
will remember Corry for his warm handshake and knowing nod of support;
it always meant so much. Corry was committed to quiet and generous community
philanthropy, particularly when those efforts were in support of his employees
who were affected by hardship. He will be greatly missed.” — Troy Hanna,
President & CEO of the Spartanburg County Foundation
“Corry’s
passing is a severe blow to our community. As a business leader, job creator
and engaged citizen, he was quite special. His leadership at Wofford, in
the lodging industry and in numerous civic endeavors will be sorely missed.
Corry loved his family, his teammates and he loved Spartanburg. This is
a huge loss.” — Former Spartanburg Mayor Bill Barnet
“Corry
was a stalwart champion for Spartanburg. He was a catalyst and visionary
for downtown progress and a great steward of our institutions. The strong
company he built and the many lives he touched will ensure his positive
impact on this community lasts long after his passing.” — Chris Story,
Spartanburg City Manager
“The
Oakes family and our family have been very close as we have seen our kids
grow up together through the Spartanburg Day School and beyond. Corry was
an awesome father, husband, friend and businessman. We will miss him terribly.”
— Jack McBride, CEO of Contec Inc.
“Corry
lived a life in service to his family, the community he loved and the OTO
team. He always gave the best of his time and his talents to others. As
a gifted listener and leader, he elevated every encounter to a memorable
and affirming event.” — Halsey Cook, CEO of Milliken
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About
OTO Development
OTO
Development, part of The Johnson Group, is an award-winning, fast-growing
hotel development and hospitality management company. Founded in 2004 and
partnering with the Hilton, Hyatt, IHG and Marriott brands, OTO’s industry
leadership position is anchored by a portfolio of excellent hotels staffed
by exceptional people. The company currently owns and/or operates ~65 hotels
comprising approximately 9,600 room keys. OTO’s growth is focused on developing
new hotels in high-barrier-to-entry markets; purchasing and repurposing
existing hotel properties; and expanding management contracts with clients
ranging from publicly traded REITs to private equity firms to high-net-worth
individuals. For more information, visit OTODevelopment.com.
Media
Contact:
Diane
Jackson
Director
of Public Relations
&
Corporate Communications
OTO
Development
864-327-6274
Website
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