This is the latest of a slew of marina deals in South Florida. RV and motorcoach demand has increased over the past five years and experienced even more growth during the pandemic, he said.Īs part of the rebranding, the buyers renamed the property Yacht Haven Park & Marina from its previous moniker Fort Lauderdale Yacht Haven Park and Marina. The group also will build a 200,000-square-foot motorcoach and other storage facility, possibly with dry storage, O’Grady added. Roughly $20 million of the new financing will go toward the capital improvements to be completed over a year, and the rest was acquisition financing, O’Grady said.
#Yacht haven park and marina upgrade
It’s along the south fork of the New River.Īttorney Luis Flores of Saul Ewing Arnstein & Lehr LLP represented the buyer in the deal.įort Lauderdale Motorcoach Resort and Yacht Club plans to upgrade and add amenities to the RV site, and renovate the marina with a new sea wall, according to the release. The property now has 4,800 lineal feet of marina dockage for boats over 60 feet and 265 pad sites. Sellers Yacht Haven Park & Marina and Azurite, managed by Barry Yampol of Fort Lauderdale, had purchased the property in two deals, paying $4.6 million for the bigger portion in 1986 and $225,000 for the remainder in 1992, property records show. Kevin O’Grady and Justin Neelis of Miami-based Concord Summit Capital arranged the loan from Fortress Credit Corporation. The 20-acre Yacht Haven Park & Marina in Fort Lauderdale is poised for a makeover and additional storage after selling for $58.1 million, with the buyers scoring an $81.7 million purchase and renovation loan.įort Lauderdale Motorcoach Resort and Yacht Club, with operating sponsors Gary Cioffi and Christopher Hein of Long Island, New York, bought the marina and recreational vehicle park at 23 West State Road 84, according to a news release from the loan brokers. These professionals have committed to an overall investment of nearly 90 million into the property with a multi- phase plan which encompasses improvements which, once complete, will renovate, renew, replace or upgrade every aspect of the property. Swimming pool, H2O, 100 amp power is good, wifi is weak and probably next item to upgrade.Aerial of marina at 23 West State Road 84 (Google Maps) New owners experienced in five star resort operations acquired the Yacht Haven Park and Marina in mid-2021. I was there two months and would stay again. Close to everything boat wise and great price for this area in season. Recently changed hands and new owners spending a lot on RV spots, also fixing and renewing wall on G dock. URL links are allowed only if they inform the content – no “advertising” your business or blog.
Comments must be understandable and clear enough to inform other boaters.Comments must describe commenter's personal experience – “hearsay” reports will be rejected.Simply ask and we’ll make it happen poolside cabanas, dockside services, boat rentals, kayaks and. The hotels listed offer great deals on rooms close to Yacht Haven Park Marina in. Our Yacht Haven team is here to make your motorcoach or yachting stay, along with all your adventures about Fort Lauderdale, Miami, Boca Raton, and The Palm Beaches, nothing less than extraordinary. Comments containing personal attacks will be rejected or returned for resubmission. Find Fort Lauderdale hotels near Yacht Haven Park Marina for easy booking. Find popular and cheap hotels near Yacht Haven Park & Marina in Fort Lauderdale with real guest reviews and ratings.Comments containing foul or obscene language will be rejected or returned for resubmission.
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