Suntex acquires California marina
Suntex Marina Investors in the US has acquired Seaside Boatyard & Marina, formerly known as The Boat Yard – Channel Islands. The property is located in Oxnard, California, and is the company’s first acquisition in coastal California.
Seaside Boatyard & Marina is a 17.1-acre full-service boat yard and marina consisting of a 122-slip marina accommodating boats from 30ft to 60ft, with 22 end ties for boats up to 85ft, as well as a 490-space dry storage facility.
Mike Warntjes, senior vice president of operations at Suntex Marinas, says: “We are excited to gain a quality coastal product in the highly desirable Oxnard community. Seaside Boatyard and Marina is the foundation for our future strategy around coastal growth in the southern California market. With our planned improvements, we intend to bring an elevated customer experience for our members.”
Suntex has recently completed several other acquisitions in the US, including expansions in New Jersey, the Florida Keys and New York. In April 2022, Suntex completed its integration with Westrec Marinas following the announcement of the two companies’ merger.
Seaside is Ventura County’s largest recreational vessel boat yard and is equipped to provide boaters with haul-out services for vessels up to 75 tons and is staffed to offer painting and finishing, fibreglass and woodwork, engine, mechanical and rigging repairs. Plans for the property include remodelling the main building, refurbishing and upgrading the facilities and infrastructure, and adding additional lighting to the dry storage area.
Ventura Harbor is the fastest-growing coastal harbour in California. Channel Islands Harbor is in Oxnard, California, located between Los Angeles and Santa Barbara, approximately 60 miles northwest of Los Angeles International Airport. Home to more than 1,500 recreational boats and commercial fishing vessels, the Channel Islands Harbor is the gateway to the Channel Islands National Park and provides a full range of services for boaters and visitors. Channel Islands Harbor was opened in 1965 and offers restaurants, various retail opportunities, single-family homes, condominiums, apartments and a hotel. The harbour is owned by Ventura County.
“The Boatyard – Channel Islands and its developer Greg Schem have done a tremendous job paving the way for the future in the Channel Island Harbor, and we are proud to have the opportunity to expand on what Mr Schem has created,” says Bryan Redmond, CEO at Suntex Marinas. “Seaside Boatyard & Marina provides our first opportunity to expand into this highly desirable southern California market. Seaside will afford us the opportunity to develop and expand our regional presence and enable us to pursue more acquisitions in the near future.”
The Suntex portfolio includes marinas located in Arizona, California, Florida, Georgia, Illinois, Iowa, Kentucky, Maryland, New Jersey, New York, Oklahoma, Texas, Tennessee and Virginia.
