Real estate development group Blacksteam Development recently bought two beachside properties along A1A in Ormond Beach Florida with plans to build both an oceanfront hotel as well as a retail/residential complex across the street. The five-story, 137-room extended-stay hotel at 251 S. Atlantic Ave. in Ormond Beach will be the third Residence Inn by Marriott in the Volusia-Flagler area. The two-acre lot where the Residence Inn by Marriott Ormond Beach is currently vacant, but it has been home to several hotels dating back to the 1970s when a developer named Jacob Fine built a seven-story hotel called The Alaskan Motel. Blackstream on May 5 also bought the 4.25-acre vacant property across the street at 264 S. Atlantic Ave. with plans to create additional parking for the hotel as well as 15 single-family homes.
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