Portfolio of Three Trophy Marinas
The Background and Challenge
Confidential Offerings
Four Corners Marina and RV Park, TN – This was a once in a lifetime opportunity to acquire amassive, first-class trophy marina and RV resort in a major, high-growth, metropolitan area: 1,000+/- slips; 115new RV pads with expansion in place and a wait list; massive boat rental fleet. A majority of income is derivedfrom wet slip and RV pad rental.
Cedar Creek Marina and Resort, TN – This is a first-class trophy marina resort in one of the South’s mostprominent and fast-growing metropolitan areas: 550+/- slips (including 150 slips just built); vacation rentalcabins; large boat rental fleet (20 boats).
Garrison Bight Marina, Key West – This is the only rack storage marina in Key West. Buyer has long term plans toexpand the number of slips and rebuild the facility. The asset included 155 enclosed dry boat storage racks; 20wet slips, boat rentals and a successful, iconic on-site restaurant operated by a 3rd party tenant.
The Results
The Seller has been a buyer of Simply Marinas on previous marina transactions. He contacted us to offer theportfolio confidentially. We created a competitive bidding process and scheduled visits to the marinas within aweek. The price was raised by approximately 25% above pricing guidelines given by the owner. All three marinaresorts went under agreement within two weeks. Simply Marinas represented both parties
People are talking ...
I worked with the Simply Marinas team as a buyer and was impressed by their commitment, expertise, andnetwork in the industry. We chose them to represent us in the sale of multiple marinas. They are on top of theirgame with total dedication to results. Their commitment and dedication are exemplary. They have the finesseand expertise to effectively manage a marina transaction of any size and complexity. They understand thebusiness and have the know how to close a transaction. I can’t say enough on how capable and resourcefultheir team is.