Published: 29 January 2021
PHILIPSBURG: - Algemeen Pensioenfonds Sint Maarten (APS) and IGY Marinas agreed on the terms of a loan for the Yacht Club at Isle de Sol (IDS) in Simpson Bay. The loan will enable IDS to increase their clientele, complete the restaurant enhancement project in the marina, and refinance existing agreements to more favorable conditions. It is the first time APS has invested in the yachting industry.
IGY Marinas is the largest international marina network in the Caribbean and services approximately 20% of the mega-yachts worldwide. Hop-Inn, IDS’ operating company, has a proven record of financial stability, and IGY as a parent company provides extra security as a guarantor.