Suntex and Almar Join Forces

Suntex Marina Investors, LLC (Suntex), the largest standalone recreational marina owner in the United States by marina count and boat slips, has agreed to join forces with established marina management company Almar Marinas, merging Almar’s owned marinas and management company Almar Management, Inc. with Suntex Marinas.

Founded in 1974, Almar is the largest operator of coastal marinas on the West Coast of the United States. Their portfolio consists of eight owned marinas across California – located between Marina Del Rey and Oakland – and another nine marinas managed on behalf of third-party owners in California and Hawaii. Almar prides itself on taking a customer-centric approach both with boaters and third-party marina owners.

The Almar Marinas merging with the Suntex portfolio include Marina Del Rey Marina in Marina Del Rey, California; Peninsula Yacht Marina in Channel Islands Harbor, California; Bahia Marina in Channel Islands Harbor, California; Westport Marina in Channel Islands Harbor, California; and the management company. The merging of four Oakland marina properties is expected within the next 60 days, subject to government approvals.

The Suntex portfolio includes marinas located in Arizona, California, Florida, Georgia, Illinois, Iowa, Kentucky, Maryland, Missouri, New Jersey, New York, Oklahoma, Texas, Tennessee and Virginia. For more information on Suntex Marina Investors LLC, or the complete portfolio of Suntex Marinas, please contact or visit www.suntex.com.