Todd Turner has been named CEO of OTO Development, taking over the role from fellow cofounder Corry Oakes, who passed away unexpectedly on Aug. 7.
Oakes and Turner, along with Jim Ovenden, founded their hotel development and hospitality management company in May 2004 alongside George Dean Johnson Jr. and the late H. Wayne Huizenga.
“Corry and Todd worked side by side for 18 years to take OTO Development from an idea into a premier lodging company,” said Geordy Johnson, president, The Johnson Group, parent company of OTO Development. “Todd is a seasoned, inspiring leader who will carry their shared vision forward.”
Turner previously served as VP/real estate at OTO Development, and began his career developing real estate at WJB Blockbuster Video. He then held positions of increasing responsibility at Extended Stay America (ESA). As VP/real estate at the NYSE-listed company, he helped turn ESA into the fastest-growing owner-operated hotel chain in lodging history prior to its sale to Blackstone, according to the company.
“I will forever mourn the loss of my dear friend Corry,” said Turner, who has spent his career with The Johnson Group’s various companies. “I have had the tremendous honor and privilege of working alongside the finest man and greatest leader I know. OTO’s experienced leadership team embodies a culture that reflects Corry’s incredible qualities, and we are well-positioned to carry forward the legacy he set in motion.”
George Dean Johnson Jr., chairman, The Johnson Group, said, “Todd is one of the most gifted real estate professionals I’ve ever had the pleasure of knowing. His keen intuition; natural ability to connect and build relationships; and unparalleled work ethic have played an integral role in creating the company OTO is today. Corry’s legacy will live on through Todd’s thoughtful and humble leadership of the company they founded and built together.”