“We see Suntex as the Primary Consolidator in the Industry”
Suntex said the combination of equity commitments and third-party debt financing will provide it with more than $500 million of buying power to acquire domestic marinas.
Consolidation of marinas is showing us that expenses for boat owners rise since marinas can increases feels on boaters due to limited marina options from lack of competition.
Virginia Key Marina Projects in Jeopardy
Of the Marina proposals, commissioner Ken Russell, City of Miami Commissioner expressed his desire to start over with a new request for proposals that affords Miami residents more input on what can be developed on Virginia Key.