Written by 5 May 2021 | 11:45 (UTC)
Over the last three years, Safe Harbor Marina have been gradually expanding their portfolio of U.S. based marinas, now over 110 marinas throughout the country. The latest marina to be added to their group is the Lauderdale Marine Centre (LMC), following the acquisition which was closed this week. The transaction is reported to have been valued at approximately $340 million, and follows the announcement in January that the company had purchased the two Rybovich marina and service centres in Florida.
Photo: Lauderdale Marine CenterBased in Dallas, Texas, Safe Harbor is the largest owner and operator of marinas in the world. The acquisition of the Fort Lauderdale marina adds another very well renowned refit marina to the company s roster, with its wet slip and dry storage infrastructure of 106 slipways.
Operator
Greetings. Thank you for joining us today for Sun Communities Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions]
I would now like to turn the conference over to your host, Gary Shiffman, Chairman and Chief Executive Officer. Thank you. You may begin.
Gary A. Shiffman
Chairman and Chief Executive Officer
Good morning, and thank you for joining us as we discuss our fourth quarter and full year 2020 results as well as our 2021 guidance. We hope that you and your families are in good health as we continue to navigate the challenges of the pandemic. We are very pleased with the resilience of our portfolio and the commitment and humanity of our team members during this most difficult time. The stable growth we delivered in the environment further demonstrates the strength of manufactured housing and RV resorts through economic cycles. It also underscores our rationale for meaningfully expanding our platform with the acquisition of Safe Harbor Marinas, a
Superyacht Shipyard and a
Superyacht Marina, located in south east Spain, midway between Valencia and Alicante (100km away). A true Superyacht Centre providing everything you might need for superyahcts and their crew, right in the heart of the pleasant, cosmopolitan Spanish town of Denia and beautiful Costa Blanca coastline, all just 45 miles from Ibiza.
The Port Denia
Superyacht Shipyard is a refit, maintenance and repainting facility capable of servicing superyachts up to 1250 GT out of the water and up to 138m LOA in the water when using our alongside berth. Consisting of 2 x 80m haulout slipways, a 150 GT travel lift, extensive dry dock and specialist workshops, the shipyard is a quality, cost effective superyacht refit & maintenance centre. Ideal logistical location for essential maintenance work before and after the Mediterranean and Caribbean seasons, as well as periodical surveys & inspections. The shipyard specialises in full re-paint projects, full engine overhau