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Suntex further broadens market reach USA: Suntex Marina Investors bolstered its property ownership in the fourth quarter of 2021 with the acquisition of more marinas in Florida and California. At the end of October, the company announced its purchase of the Marinas at Little Harbor (East Marina and West Marina). Located in Ruskin, Florida and formerly known as Antigua Cove and Village Marina, they offer wet and dry Fast-track portfolio building WORLD NEWS slips and fill a portfolio gap for Suntex in the Tampa Bay area. Dry storage facilities are up for expansion. On the eastern seaboard, Suntex turned its attention to further building its presence in the all-important Fort Lauderdale area with the acquisition of Seahaven Marina (left), a discreet superyacht marina that complements its other megayacht destinations. It is the company’s third asset in Broward County and its tenth in South Florida. Suntex likewise boosted its hold on the Florida Keys market by buying Caloosa Marina in Islamorada. Situated east of Key West and two hours south of Miami, Caloosa is a destination marina with 32 wet slips and 88 dry slips. In a final move to close 2021, Suntex announced the buy-out of Tahoe Keys Marina, the largest protected inland marina on Lake Tahoe, California. Lake Tahoe is the largest alpine lake in North America and one of the deepest in the USA. “This acquisition gives Suntex an opportunity to manage and eventually redevelop Tahoe Keys Marina, the premier marina on lake Tahoe, into a world-class trophy asset that all of the stakeholders in the South Lake Tahoe community deserve,” said David Filler, head of investments for Suntex Marinas. USA: In November/December 2021, Southern Marinas Holdings II announced a flurry of portfolio additions: • Grand Harbor Condominiums and Marina, Pickwick Lake, Tennessee: a full-service marina and resort with wet slips and condominium rentals that is a popular stop-over for boaters navigating America’s Great Loop – a 6,000 mile (9,700km) trip along the Atlantic Intracoastal Waterway. • Tims Ford Marina and Resort, Winchester, Tennessee: located on Tims Ford Lake, a picturesque 10,700 acre (4,300ha) lake with over 265 miles (426.5km) of shoreline, and offering cabin and boat rentals and the popular Hard Dock Café. • Harbortown Marina (right), Merritt Island, Florida: situated in a naturally protected harbour on the Space Coast with an extensive wet slip marina, covered and uncovered dry storage and a wealth of amenities. • Four Corners Yacht Club and RV Park, Antioch, Tennessee and Cedar Creek Marina, Mt Juliet, Tennessee: popular marinas located on two prominent lakes in the greater Nashville area. Both offer a wealth of amenities and are in the process of expanding. New slips will be added for the 2022 boating season. The Southern Marinas portfolio, amassed in just seven months last year, stood at ten assets as of 28th December 2021. The properties offer a total of 5,670 boat slips and 275 RV sites located across the USA in Florida, Idaho, Missouri, North Carolina, Tennessee and Washington. www.marinaworld.com – January/February 2022 13
