Suntex Marina Investors announced today that it has acquired The Marinas at Little Harbor. Located in Ruskin, Florida and formerly known as Antigua Cove and Village Marina, the Marinas at Little Harbor offers a deepwater marina complex featuring a well-protected basin on Tampa Bay. It's property includes slips for vessels up to 65-feet in length and pedestals that support 30- and 50-amp electric, freshwater hookup and waste tank pump out. The East Marina and dry stack building can accommodate 205 boats up to 46-feet in length in a fully enclosed building and has outdoor racks for 33 vessels. The West Marina includes Sunset Grill Restaurant and access to a private beach.
MarineMax, Inc. the world’s largest recreational boat and yacht retailer, announced today that it has entered into an agreement to acquire Intrepid Powerboats out of Long Boat Key in Florida. MarineMax expects the acquisition to close before December 31, 2021. An award-winning maker of custom boats, Intrepid follows a direct-to-consumer distribution model and produced revenue in excess of $60 million in the last twelve months.
PORT 32 a collection of marinas across Florida has announced a major expansion of its capacity in Fort Lauderdale. The expansion will consist of a new drystack containing approximately 700 slips which will be able to house boats up to 55 feet. The dry rack systems will be built to sustain wind loads of up to 175 mph and will be fully equipped with a fire suppression system. PORT 32 Fort Lauderdale will also include a service boatyard with a 150 metric ton travel lift and with enclosed and climate controlled commercial service and office bays available for lease to marine contractors and vendors.
The Bahamian government this week announced that it has sold the historic Lighthouse Yacht Club and Marina to a collection of local marina and hotel developers. Heavily damaged by Hurricane Matthew in 2016, the sale to an entirely Bahamian consortium of investors creates the opportunity to restore and reopen the property and has been applauded as a win for the local community.
Integra Investments announced this week that it had finalized the deal to acquire Sea Isle Marina from Florida East Coast Realty, LLC, the original developer of the property. Integra, which has a marina investment arm of its portfolio, did not disclose the purchase price. It has retained Oasis Marinas to manage the property. Here's what to know about the sale...
Suntex recently announced its acquisition of Faro Blanco, a 74 slip marina in Marathon, Florida accommodating vessels between 35- and 140-feet. This is the first acquisition within Suntex's new partnership with Centerbridge Capital and Resilient Capital Partners and will add to its portfolio of marinas in California, Florida, Georgia, Iowa, Kentucky, Maryland, New Jersey, Oklahoma, Texas, Tennessee and Virginia. There's what to know about the acquisition...
Reviews. We all know them, we all check them. Before heading to that new Sushi place downtown, you check to see what the other locals thought of it. Put simply, the better your online reputation is, the easier it is for people to make the decision to give you a try. If a business has more than nine current reviews, they earn 52% more revenue than the average. If a business has more than 25 current reviews, that increases to 108%. (Source: Womply)
Hundreds of thousands of boaters visit Marinas.com each month! A key piece of any marina marketing strategy is how your marina appears and drives interest on third-party review sites like Marinas.com. Follow this checklist to make sure you’re on course for making the most out of your profile.
We are at a watershed moment for the marina industry - one which will change the face of marina ownership and management for a generation to come. Marinas have always changed hands as owners round out their careers and decide to move on, but historically that change of ownership has been in the form of single purchases – local owner to local owner. Today, we’re entering into a new era of institutional capital and seeing a rise in investors that purchase marinas as part of a larger portfolio of properties. Sale or no sale, that has ramifications for all of us.