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Spartanburg,
SC – November 2022 / Newsmaker Alert: Stewart
W. Heath IV has been promoted to Vice President of Real Estate at OTO
Development. In his new role, he is tasked with overseeing the hotelier’s
team of real estate development professionals who specialize in market
and site identification, feasibility, contract negotiations and entitlement
management for new hospitality development and acquisition opportunities.
|
 OTO
Development, part of the Johnson Group, is a fast-growing private company
that develops, owns and operates select-service hotels throughout the continental
United States.
“OTO’s
success is contingent on many factors, all of which begin with selecting
the right investments to pursue,” says CEO Todd
Turner. “It was therefore imperative to fill the VP/Real Estate position
with the strongest candidate possible — and it is gratifying to do so by
promoting from within.”
Turner,
one of OTO’s co-founders, spent 18 years as the company’s VP/Real Estate
before assuming the role of CEO in August of this year.
“Stewart
excelled in his previous role as a real estate manager with us, expanding
his own breadth and depth of experience while contributing significantly
to the company’s bottom line,” Turner says. “I’m excited to see the positive
impact his fresh energy and industry savvy will bring to our leadership
team.”
A graduate
of The Citadel, Heath worked in real estate development for Johnson Development
Associates before joining OTO Development in December 2018.
“Real
estate doesn’t feel like a job to me; it’s more of a passion that overwhelms
me with energy every day,” Heath says. “I’ve been privileged to work alongside
the best in the business, and I’m eager to incorporate everything Todd
Turner has taught me into my efforts to grow our portfolio.”
Heath,
a member of the 2022 class of Leadership Spartanburg, is active in the
community. Away from the office he enjoys hunting and fishing as well as
traveling with his wife, Maddie. He admits, however, that the thrill of
the next great hotel investment is never truly far from his mind.
“Don’t
even ask my wife how many hotels we’ve popped into ‘just for a look’ when
we’re on vacation!” he says with a laugh.
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 ~70 hotels
comprising approximately 8,000 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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