The St. Joe Company (NYSE: JOE) announces that its Hotel Indigo Panama City Marina has received the prestigious ‘IHG Newcomer of the Year’ award from IHG Hotels & Resorts. The 124-room hotel, which opened in June 2023, achieved the highest occupancy percentage among all St. Joe hotels in 2024.
The five-story waterfront property features two restaurants: Tarpon’s, offering Southern coastal cuisine, and Steam on 5, a rooftop venue with bay views. The hotel’s success is attributed to its strategic location in downtown Panama City’s year-round business district, contributing to consistent occupancy rates regardless of seasonal fluctuations.
The property is part of St. Joe’s 12-hotel…
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