United States

Suntex Marinas 

<a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex Marinas</a> has announced the opening of the Las Olas Marina in Fort Lauderdale, Florida, following an eight-year redevelopment of the Las Olas corridor, costing the city of Fort Lauderdale more than $130 million. <img src="https://photo-assets.superyachttimes.com/photo/335231/image/large-222f2b81736640830a34beeda35e61eb.jpg" data-gid="gid://syiq/Photo/335231"><a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex</a> was selected by the city in 2016, with the lease signed in May 2018 and approval granted in July 2019. <a data-gid="gid://syiq/Company/7912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Las Olas Marina (Company)">Las Olas Marina</a> is expected to generate an economic impact of $221 million annually, creating jobs and supporting local businesses. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/335232/image/large-81bbe22a162c170bd46647f852c80f24.jpg" data-gid="gid://syiq/Photo/335232">Las Olas Marina is now one of the largest superyacht marinas in the United States and offers Bellingham floating docks, substantial shore power and amenities for captains and crew members.<img src="https://photo-assets.superyachttimes.com/photo/335229/image/large-51cb9a49361d3f269da8e5f52ac2e783.jpg" data-gid="gid://syiq/Photo/335229">The marina now hosts 88 boat slips, capable of handling vessels up to 96-metres, alongside a 1,043 square-metre, two-storey high-end restaurant, and a three-story and a 2,266 square-metre services building containing, a dockmasters office, offices, a rooftop gym and a plunge pool, all with expansive views of the Intercoastal Waterway. The world-renowned Ocean Prime steak and seafood restaurant will be the first to open on the new site.<img src="https://photo-assets.superyachttimes.com/photo/335233/image/large-9f176559f9d65ded43fc35c4f3abaefc.jpg" data-gid="gid://syiq/Photo/335233">As part of its comprehensive redevelopment project, the marina has reinforced the city’s environmental resilience by transforming three acres back into open water and natural habitat. Additionally, vital seawall enhancements were made to bolster protection against rising sea levels. The marina is also set to achieve certification as a Clean and Resilient Marina.<img src="https://photo-assets.superyachttimes.com/photo/335230/image/large-247a2ddfa3e0e6f22c3b816042f043cb.jpg" data-gid="gid://syiq/Photo/335230">“In the heart of Fort Lauderdale, our marina is more than just a place to dock, it's a gateway to the city's rich history and vibrant culture,” explained McLayne Sisk, general manager of Las Olas Marina. “We pride ourselves on offering state-of-the-art facilities and services that cater to &nbsp;guests and enhance and support our local community. Every visit blends luxury, convenience &nbsp;and the authentic Fort Lauderdale experience.”<img src="https://photo-assets.superyachttimes.com/photo/335234/image/large-dacdcce373e301368a6ce6dda56b32ef.jpg" data-gid="gid://syiq/Photo/335234">Reservations are now being taken for dock space available, following the close of the <a data-gid="gid://syiq/Event/234" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fort Lauderdale International Boat Show - 2024">Fort Lauderdale International Boat Show 2024</a>.<a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex Marinas</a> has locations in Arizona, California, Florida, Georgia, Illinois, Iowa, Kentucky, Maryland, Missouri, New Jersey, New York, Oklahoma, Texas, Tennessee and Virginia.

Las Olas Marina in Fort Lauderdale, Florida opens

Suntex Marinas has announced the opening of the Las Olas Marina in Fort Lauderdale, Florida.

Suntex Marinas opens Las Olas Marina in Fort Lauderdale following multi-million dollar redevelopment

South-Florida marina and yacht repair company <a data-gid="gid://syiq/Company/13" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bradford Marine, Inc. (Company)">Bradford Marine</a> has announced a management agreement with <a data-gid="gid://syiq/Company/2298" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunrise Harbor Marina (Company)">Sunrise Harbor Marina</a>. The acquisition agreement will see <a data-gid="gid://syiq/Company/13" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bradford Marine, Inc. (Company)">Bradford Marine</a> manage and operate the facility beginning on 1 August 2024.<img src="https://photo-assets.superyachttimes.com/photo/312042/image/large-f870cc52d3c7f6af2d3fcd4d0ccabe7c.jpg" data-gid="gid://syiq/Photo/312042">Located in Fort Lauderdale, USA, <a data-gid="gid://syiq/Company/2298" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunrise Harbor Marina (Company)">Sunrise Harbor Marina</a> offers approximately 762-metres of dockage and 22 wet slips, for yachts between 18 and 61-metres. The facility is directly across the Intracoastal Bridge from Fort Lauderdale Beach, with direct access to a unique blend of amenities.&nbsp;<a data-gid="gid://syiq/Company/2298" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunrise Harbor Marina (Company)">Sunrise Harbor Marina</a> is within walking distance of first-class restaurants, shops, movies, and parks, with on-site amenities for captains, crew, and owners; including swimming pools, an extensive fitness centre, a business centre, tennis courts, and more.<img src="https://photo-assets.superyachttimes.com/photo/312044/image/large-ce694bc33ce28890eb7cc5dcb3454788.jpg" data-gid="gid://syiq/Photo/312044">Under the management of <a data-gid="gid://syiq/Company/13" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bradford Marine, Inc. (Company)">Bradford Marine</a>, plans for new renovation projects and events are underway, with additional details to be announced in the coming months.“<a data-gid="gid://syiq/Company/13" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bradford Marine, Inc. (Company)">Bradford Marine</a> is incredibly proud and excited to add this high-quality, luxury superyacht marina to our family of companies with the opportunity to build on the great work that has been done by <a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex Marinas</a>,” explained Michael Kelly, President of <a data-gid="gid://syiq/Company/13" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bradford Marine, Inc. (Company)">Bradford Marine</a>. <img src="https://photo-assets.superyachttimes.com/photo/312041/image/large-191824434484b96117eadf8b0aaa5415.jpg" data-gid="gid://syiq/Photo/312041">As part of the transition, <a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex Marinas</a>, the current managers of <a data-gid="gid://syiq/Company/2298" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunrise Harbor Marina (Company)">Sunrise Harbor Marina</a>, will finalise its management agreement with <a data-gid="gid://syiq/Company/2298" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunrise Harbor Marina (Company)">Sunrise Harbor Marina</a> on 31 July 2024.Read:&nbsp;<a data-gid="gid://syiq/Article/60000" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas announces merger with Almar Marinas (2024-03-20 14:30:00 +0100)">Suntex Marinas announces merger with Almar Marinas</a><img src="https://photo-assets.superyachttimes.com/photo/312043/image/large-dea7647bad294591cacfc53988611353.jpg" data-gid="gid://syiq/Photo/312043">“This marina provides a key expansion for us as we’ll now be able to serve customers on two of South Florida’s major waterways with our marquee location on the New River, and now prime superyacht dockage space on the Intracoastal Waterway.”In October 2023, <a data-gid="gid://syiq/Article/60514" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bradford Marine to manage and operate Sunrise Harbor Marina in Fort Lauderdale (2024-05-21 16:15:00 +0200)">Bradford Marine acquired Roscioli Yachting Center from OneWater Marine Inc</a>, taking control of the &nbsp;full-service marina and refit yard and further enhancing its capabilities and offerings.

Bradford Marine acquires Sunrise Harbor Marina in Fort Lauderdale

Bradford Marine has announced a management agreement with Sunrise Harbor Marina to manage and operate the facility beginning on 1 August 2024.

Bradford Marine to manage and operate Sunrise Harbor Marina in Fort Lauderdale

Marina operator <a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex Marina Investors</a> has announced a merger with US-based marina management company <a data-gid="gid://syiq/Company/7592" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Almar Marinas (Company)">Almar Marinas</a>. <img src="https://photo-assets.superyachttimes.com/photo/217363/image/large-c3e60455cc598fbc1049ebb9d57c4154.png" data-gid="gid://syiq/Photo/217363"><a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex Marinas</a> will join forces with <a data-gid="gid://syiq/Company/7592" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Almar Marinas (Company)">Almar</a>’s owned marinas and management company <a data-gid="gid://syiq/Company/7592" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Almar Marinas (Company)">Almar</a> Management to expand its reach in the US market. “The values at the heart of <a data-gid="gid://syiq/Company/7592" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Almar Marinas (Company)">Almar Marinas</a> and their management team are also at the heart of our business practices here at <a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex</a>,” said Bryan Redmond, CEO, <a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex Marinas</a>.“This merger just solidifies what’s most important to both of our companies, and we’re so lucky to join forces with the leading west coast network of marinas who understand our vision and are dedicated to building it together.”Founded in 1974, <a data-gid="gid://syiq/Company/7592" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Almar Marinas (Company)">Almar</a> is one of the largest operators of coastal marinas on the west coast of the United States. Their portfolio consists of eight owned marinas across California, located between Marina Del Rey and Oakland, and another nine marinas managed on behalf of third-party owners in California and Hawaii. <img src="https://photo-assets.superyachttimes.com/photo/217364/image/large-8d40486c5477e39ef1faeb209e66f75f.jpeg" data-gid="gid://syiq/Photo/217364">“Our philosophy at <a data-gid="gid://syiq/Company/7592" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Almar Marinas (Company)">Almar</a> is that a marina is not just a place for a boat to berth,” explained Randy Short, CEO, <a data-gid="gid://syiq/Company/7592" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Almar Marinas (Company)">Almar</a>.“<a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex</a> absolutely knows this and practices those philosophies every day, which is why we’re so delighted to be working together toward a future where we all have a chance to create a quality resort-like experience that is safe, clean, secure and friendly for our customers and our communities.”Read:&nbsp;<a data-gid="gid://syiq/Article/54532" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Major shake-up announced as Suntex Marinas and Westrec Marinas merge (2022-02-03 14:15:00 +0100)">Major shake-up announced as Suntex Marinas and Westrec Marinas merge</a>The merger between <a data-gid="gid://syiq/Company/7592" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Almar Marinas (Company)">Almar Marinas</a> and <a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex</a> will include Marina Del Rey Marina in California, Peninsula Yacht Marina Bahia Marina and Westport Marina in Channel Islands Harbor, California and the management company.As well as this, four Oakland marina properties are expected within the next 60 days, subject to government approvals. The <a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex</a> portfolio will now include marinas located in Arizona, California, Florida, Georgia, Illinois, Iowa, Kentucky, Maryland, Missouri, New Jersey, New York, Oklahoma, Texas, Tennessee and Virginia.

Suntex Marinas joins forces with Almar Marinas

Marina operator Suntex Marina Investors has announced a merger with US-based marina management company Almar Marinas. 

Suntex Marinas announces merger with Almar Marinas

It has just been revealed that <a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex Marinas</a> and <a data-gid="gid://syiq/Company/6620" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Westrec (Company)">Westrec Marinas</a>, two of the largest marina businesses in the USA have merged, creating a major player in the United States marine industry and becoming second in size only to Safe Harbor Marinas. <img src="https://photo-assets.superyachttimes.com/photo/217364/image/large-8d40486c5477e39ef1faeb209e66f75f.jpeg" data-gid="gid://syiq/Photo/217364"><a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex Marinas</a> currently owns a large portfolio of marinas across the US, including 10 situated within Florida and a number in the Rhode Island area. Though many of the companies holdings are situated on in-land rivers and lakes, there company does own a number of marinas that serve superyachts. <a data-gid="gid://syiq/Company/6620" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Westrec (Company)">Westrec</a> likewise has a large portfolio of marinas across the US, some of which already serve the yachting industry and yachts over 80 metres. <img src="https://photo-assets.superyachttimes.com/photo/217363/image/large-c3e60455cc598fbc1049ebb9d57c4154.png" data-gid="gid://syiq/Photo/217363">The merger has been published in The Wall Street Journal who have reported that <a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex Marinas</a> is paying around $400 million for <a data-gid="gid://syiq/Company/6620" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Westrec (Company)">Westrec</a> which will now be absorbed into the company. The combination of the two businesses will result in the ownership of around 50 marinas in the US, while Safe Harbor currently own more than 125 marinas across the US and further afield, including in the Mediterranean.&nbsp;William Rahm, Senior Managing Director and Head of Real Estate at Centrebridge, the investment company that owns <a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex Marinas</a>, commented, "Since partnering with <a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex</a> in March 2021, we have worked to help accelerate the company’s continued growth, this transaction brings together two leading teams and businesses in the marina sector, where we continue to see significant growth opportunities to serve the increasing demand for boating and leisure activities."Read:&nbsp;<a data-gid="gid://syiq/Article/54284" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title='"If we do our jobs well, Safe Harbor will be one catalyst that will bring more people into boating": CEO Baxter Underwood (2021-12-17 12:30:00 +0100)'>"If we do our jobs well, Safe Harbor will be one catalyst that will bring more people into boating": CEO Baxter Underwood</a>Bryan Redmond, CEO <a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex</a> Marinas, commented, “Years ago, we realized the many synergies between <a data-gid="gid://syiq/Company/6620" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Westrec (Company)">Westrec Marinas</a> and <a data-gid="gid://syiq/Company/6619" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Suntex Marinas (Company)">Suntex.</a> Westrec Marinas’ vision of offering the best in customer service and amenities, along with a memorable experience out on the water, align perfectly with our vision. The most rewarding part of this merger is knowing we now have added another whole network of marinas who share our core values and together we are poised for a fantastic future.”

Suntex Marinas and Westrec Marinas merge

It has just been announced that Suntex and Westrec Marinas merged, creating a major player in the US marina industry.