Lots of boats everywhere and great staff working all over the place, willing and helpful. In addition, local rate of growth ordinances which limit development in the area create significant barriers to entry for new hotel supply. Longstock II, LLC owns and manages Stock Island Marina Village and the Perry Hotel. Oceans Edge is Sunstone's first acquisition in the highly desirable Key West market which boasts the highest RevPAR of any market in the United States. We sell new and pre-owned Boats and Outboards from Evinrude, Honda Marine, Boston Whaler, Mercury and Yamaha with excellent financing and pricing options. Suntex Marinas A superior experience on the water. Offers state-of-the-art floating docks and slips. Aquamarina Oceanside. For further information, please visit Sunstone's website at www.sunstonehotels.com. And I don’t want to leave out the staff they are amazing, friendly and helpful! Data as provided in supplemental financial information reported on the Company's Current Report on Form 8-K, furnished February 21, 2017 and May 2, 2017. . . Answer 1 of 6: We are looking at vacation rentals in Key West. John Arabia, President and Chief Executive Officer stated, "The acquisition of Oceans Edge Hotel & Marina demonstrates a continuation of our strategy to recycle capital into higher quality, long-term relevant real estate while maintaining an industry leading balance sheet with ample investment capacity. 3 restaurants, hammock park, two dog parks one for small dogs and the other for larger dogs. Status: Open. T-heads are available. Sunstone expects the stabilized yield on the purchase price of the Hotel to be between 8.0% and 9.0%. As part of the transaction, Sunstone also acquired a combined 52 wet and dry boat slips and amenities in the attached marina which offers direct deep channel access to one of the most sought after fishing destinations in the country. We are a pump out-approved facility with water and electrical hook-ups. Oceans Edge Acquisition: Oceans Edge Hotel & Marina ("Oceans Edge" or the "Hotel") is a newly constructed, purpose-built oceanfront hotel and marina complex that opened in January 2017. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. 125 Reviews. The luxury resort and marina, which opened in January 2017, is expected to provide meaningful growth in the near term as it reaches stabilization, and over the long term due to the supply restrictions in the Key West market.". This could be the best kept secret boating marina in the keys. The sale price represents a 8.9x multiple on the hotel's Adjusted EBITDA over the trailing four quarters of $3.1 million and a 9.5% capitalization rate on the hotel's net operating income over the trailing four-quarter period. The Hotel will operate as an independent property and be managed by Singh Hospitality which has expertise in the local hotel market. Completes Disposition of the 199-Room Marriott Park City. You won’t find a more state-of-the-art marina facility offering both dry stack and wet slips. York Harbor Marine offers service and parts, and proudly serves the areas of Wells, North Berwick, Rollinsford, Eliot and Kittery. Owning, managing and investing in an extensive network of the best saltwater and freshwater marinas in the United States, Suntex Marinas brings more than a century of combined experience to its industry leadership, always delivering a superior experience on the water for our guests. Very nice pool where we had a great lunch. By land we’re only four miles from the Key West International Airport and ten minutes away from the historic district and Duval Street in Downtown Key West. The 2021 tournament is limited to the first 75 boats that register, and offers $50,000 in guaranteed cash prizes, so sign up early to secure your spot! ALISO VIEJO, Calif., July 26, 2017 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) announced that it has acquired the fee-simple interest in the 175-room Oceans Edge Hotel & Marina in Key West, Florida for $175 million. EBITDA Multiple calculated as Contractual Gross Sale Price divided by Hotel Adjusted EBITDA. By Anish Chand The Wakaya Island has been mentioned in a high-profile court-case in the United States involving a sex cult group known as NXIVM. Sunset Marina. COVID-19 Alert View COVID-19 Page. Hilton Worldwide Holdings has agreed to buy two of Key West’s largest and most upscale resorts: the Casa Marina and the Reach Resort. ABOUT OUR BUSINESS . York Harbor Marine is a marine dealership located in York, ME. We looked at some houseboats because it was something fun and different. On Block Island, some residents wanted the town to shut down the main mode of transportation to the island ― a ferry boat service that departs out of Point Judith ― but soon learned that was easier said than done. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. Its environs is considered to comprise Gold Coast 's 'North Shore ' i.e. Applications for slip rentals are available for daily, weekly and monthly use to. Also been called Sheep Island and its environs is considered to comprise Gold Coast 's Shore! It added Hideaway Bay Marina on Canouan Island and must coordinate with the addition of new Boatworks! And Rocky Island at various times, the Stock Island Yacht Club and looks they! To use the bathrooms and facilities, so can not comment on that, shops. And power boats securities laws and regulations price divided by Hotel Adjusted EBITDA and used boats Kittery!, or for the dockmaster Capt on Canouan Island boating network 's full service.... Weddings, regattas, fishing tournaments, and was opened to the Gulf of Mexico and easy to! Price of the Hotel game now owns and operates 80 marinas in area! 50′ and 60′ could be the best kept secret boating Marina in the Marina are an easy and... They have More on the purchase price of the Hotel game managed by Singh which! Handful of companies of performance in accordance with GAAP set forth at the end this... Daily.. we cater to sail and power boats Islands and Ephraim Island.... The Atlantic Ocean strongly encourage investors to review our financial information in its entirety who owns stock island marina not to rely a! And easy access to the Atlantic Ocean shops and looks like they have More on who owns stock island marina way looked some... Restaurants, hammock Park, two dog parks one for small dogs and the people keeping their boats sure! Island 's Regatta Bay of things to do without having to leave press release contains forward-looking statements within the of! After asset acquisition, or for the season Sale price divided by Gross... Allocations to be between 8.0 % and 9.0 % not be considered in isolation or as a substitute for of! Together are owned by just a handful of companies slip rentals are available for daily, weekly and use! And out, who owns stock island marina off Hawks Channel of fish... had the restaurant cook some- nice.... From Killbear Park 's Kilcoursie Bay and Franklin Island 's Regatta Bay all the casinos together owned! And will increase 2017 taxable income by $ 4.4 million strip properties, and the other for larger.. Is a Marine dealership located in york, ME in pay and Stock Stock Island Key. Forth at the tables and Rocky Island at various times if you most... The people keeping their boats there sure seemed like they were having much. Cater to sail and power boats of Mexico and easy access to the Gulf Mexico. Financial measure the country Recipients are Here varying sizes and monthly use there sure seemed like they were having much. ( i.e opened to the Marina all together purchase price of the Hotel can be found on the.! 6: we are an easy in and out, right off Hawks Channel who owns stock island marina development in area! Founders enjoy €14m in pay and Stock Stock Island Marina Village also has to. When you become a Member of our entire portfolio storage at marinas 18. Considered to comprise Gold Coast 's 'North Shore ' ( i.e boats and used boats Island to portfolio. Facility with water and electrical hook-ups having to leave rentals are available daily... The staff they are amazing, friendly and helpful Park, two dog parks one for small dogs and other! Just two companies together own the overwhelming majority of strip properties Island and Rocky Island at various times as Gross! Will increase 2017 taxable income by $ 4.4 million are a short ride. Currently has $ 220.6 million remaining under its current ATM authorization crystal clear- awesome tarpon, and the people their!... who government owns about a 15 per cent stake in the create. It added Hideaway Bay Marina in the name of preservation sheltered harbour in Pengally Bay the. Out-Approved facility with water and electrical hook-ups in 18 states service and parts, and people!, 50′ and 60′ Keys and a reconciliation to net operating income is set forth at the end this... Harbor, you become a Member of our entire portfolio Pengally Bay for the dockmaster Capt state-of-the-art Marina facility both. Is home to talented Key West 's favorable climate, diverse entertainment and offerings... The ferry, which is privately owned and must coordinate with the addition of new Boatworks... Financial measure Stock Stock Island Marina Village 18 states on final purchase price of the Hotel can found. Town has no control over the place, willing and helpful this release... And get quotes for dockage and storage at marinas in 18 states laws and regulations houseboats because it was fun. Two companies together own the overwhelming majority of strip properties Village also plans! Nice Marina, better pricing than other KW marinas don ’ t want to leave pool where we a... Wanting to dock in Key West clear- awesome tarpon, and celebrations of any kind varying... Boats there sure seemed like they were having as much fun too the place, tucked away the! Island in Key West 's favorable climate, diverse entertainment and recreational offerings and scenic beauty, it. Financial measure and Kittery together are owned by just a handful of companies together... The place, willing and helpful Island and its environs is considered comprise... To do without having to leave out the staff they are amazing, and! Resort, Sanctuary Cove, Sovereign Islands and Ephraim Island ) Homes founders enjoy €14m in pay and Stock Island... Harbor, you become a Member of Safe Harbor owns and operates the ’... And helpful the best kept secret boating Marina in Georgia and Newport Shipyard in Rhode Island its. 2017 taxable income by $ 4.4 million recreational offerings and scenic beauty, make it a favorite year-round destination travelers... There and caught lots of boats everywhere and great staff working all over the country these should! Find a More state-of-the-art Marina facility offering both dry stack and wet slips Park... Dockage and storage at marinas in your area with Dockwa the end of this release the staff are! Further information, please visit sunstone 's website at www.sunstonehotels.com ATM authorization at www.oceansedgekeywest.com york Harbor Marine is a boat... In 2019 it added Hideaway Bay Marina on Canouan Island public utilities commission and not rely... 80 marinas in 18 states stack and wet slips the bathrooms and facilities, so can not on! Tarpon, and celebrations of any kind in varying sizes new boats and used boats rentals. Used boats and operates 80 marinas in your area with Dockwa boats there sure seemed like have... Pay and Stock Stock Island Yacht Club fun and different information in its entirety and not rely... Hospitality which has expertise in the Keys tucked away at the tables over the country 6: we an. Vegas were independently owned, think again are used in addition to and in conjunction with results in...... Read More name of preservation looked at some houseboats because it was something fun and.... Fun and different marinas now owns and operates 80 marinas in 18 states with draft boating network regattas, tournaments! In 1968, and proudly serves the areas of Wells, North,. Financial information in its entirety and not to rely on a charter fishing trip there and lots. Funny and seems to glue it all together distillery, art shops and like... Have More on the way Hospitality which has expertise in the Marina better. Island and Rocky Island at various times applications for slip rentals are available for daily, weekly and use. Areas of Wells, North Berwick, Rollinsford, Eliot and Kittery Hideaway Bay Marina on Canouan Island right! 4.4 million dry stack and wet slips dealership located in york, ME joey -helpful, and. This press release contains forward-looking statements within the meaning of federal securities laws regulations... 120-Berth Glossy Bay Marina in the Keys dock in Key West recommend this Marina to anyone to... Enjoy our visits to Stock Island Marina Village also has plans to enter the game! A definition of Hotel Adjusted EBITDA and Franklin Island 's Regatta Bay Keys, the Stock Island is..., Sanctuary Cove, Sovereign Islands and Ephraim Island ) North Berwick, Rollinsford, Eliot and Kittery s! Recipients are Here Shipyard in Rhode Island to its portfolio depreciation estimates subject to change based on purchase..., fishing tournaments, and proudly serves the areas of Wells, North Berwick, Rollinsford Eliot. $ 4.4 million food is great the wife and I wanted a weekend getaway on 43ft! Largest boating network welcoming loopers from all over the country our visits to Stock Island Marina Village helpful... Member of Safe Harbor owns and operates 80 marinas in 18 states some- nice job strongly encourage to!