Area hospitality industry sources tell GlobeSt.com. the value of the contract will be based on Sterling's performance at the property, along with a base annual retainer.
"As industry leaders, the company [Sterling] has an extensive background and expertise in building and maintaining valuable real estate relationships, which will be vital in the management of Grand Panama Beach Resort," Breland says.
Sterling Resorts, part of the Cornerstone Development family of companies, also manages Sterling Sands, Sterling Shores and Sterling Beach and Seafarer.
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