Archive for February 2022

Suntex 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,…

Real-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…