Trident Marine Group announced that it merged with Coastal Properties Management, adding six Chesapeake Bay marinas to the management company’s portfolio. Trident already manages Nabbs Creek Marina & Yacht Yard, Chesapeake Harbour Marina and Annapolis Maryland Capital Yacht Club. The deal will add Coastal Properties’ Bowley’s Marina, Diamond Teague Piers, Piney Narrows Yacht Haven, Fort…
Read MoreSuntex Marina Investors last week announced that it acquired The Wharf, a marina in Marathon, Fla., in the Keys. The company plans an extensive renovation of the property, which it plans to relaunch as Ocean View Marina. “In just the short year that we’ve owned Faro Blanco, we’ve seen the incredible draw of this region,…
Read MoreSuntex Marinas yesterday announced the acquisition of Garrison Bight Marina in Key West, Fla. The marina has 20 wet slips and 213 dry slips and is located near hotels, restaurants and shopping. Suntex said it is the only full-service marina on the island with dry storage facilities. Amenities include a fuel dock, ship’s store, service…
Read MoreThe Grand Prairie, Texas, facility is the latest addition to Suntex’s U.S. marina holdings. Suntex Marina Investors announced yesterday that it purchased Lynn Creek Marina on Joe Pool Lake in Grand Prairie, Texas. “We are excited to take over a staple on Joe Pool Lake in the heart of the southern Dallas suburbs,” Suntex Marinas…
Read MoreSuntex Marina Investors, LLC announced its transaction to join forces with established marina management company, Westrec Marinas. One of the world’s largest owner-operators of marinas and marine-related businesses, Westrec Marinas provides professional management services to its properties, affiliates, and clients. Founded in 1987, Westrec owns and manages marina facilities located both in fresh and salt-water environments,…
Read MoreReal-estate investor Centerbridge is combining the second- and third-largest marina owners to create a $2.5 billion company. The second-largest owner of U.S. marinas is acquiring the third-largest owner, creating a new powerhouse in this niche real-estate business as boat sales surge during the pandemic. Centerbridge Partners LP said it is paying about $400 million for…
Read MoreSVN Marinas is pleased to announce it advised the owners of the Moby Dick Marina on the sale of their business in Fairhaven, MA to a private investment group led by America’s Cup winning sailor, Rome Kirby, and Tristram Worth of VMG Capital. Founded in 1994 and acquired in 2005 by the Anezis and Zolotas…
Read MoreSVN Marinas is pleased to announce it has advised the owners of Emerald Coast Marine Group on the sale of the marina, located in Niceville, FL to Safe Harbor Marinas, a wholly owned subsidiary of publicly listed Sun Communities, Inc. (NYSE: SUI). Advising the deal for the seller were David Kendall and Mike Howell, the founding partners of SVN Marinas, a leading…
Read MoreChesapeake Whalertowne, a dealership with locations in Grasonville and Annapolis, Md., announced in a statement its acquisition of Lippincott Marine. The full-service marina is located at Kent Narrows in Grasonville and has 200 slips that can accommodate boats to 70 feet. A Boston Whaler and Mercury dealer, Chesapeake Whalertowne said the Lippincott acquisition will diversify its revenue…
Read MoreSouthern Marinas Holdings announced in a statement that it has acquired Grand Harbor Condominiums and Marina on Pickwick Lake in Tennessee. The property is on the Tennessee-Mississippi border, less than a mile from the Alabama state line. Located at the junction of the Tennessee River and the Tombigbee Waterway, the marina attracts boaters cruising the…
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