The Hotel is comprised of 175 waterfront rooms, including 86 suites, all of which have private balconies and sweeping views of the Atlantic Ocean. All forward-looking information in this release is as of July 26, 2017, and the Company undertakes no obligation to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations. Bosun’s Marine is a top-ranked boat dealer selling new boats and used boats. The sale price represents a 8.9x multiple on the hotel's Adjusted EBITDA over the trailing four quarters of $3.1 million and a 9.5% capitalization rate on the hotel's net operating income over the trailing four-quarter period. The 2021 tournament is limited to the first 75 boats that register, and offers $50,000 in guaranteed cash prizes, so sign up early to secure your spot! 125 Reviews. Stock Island Marina Village. About Safe Harbor Marinas Safe Harbor … By Anish Chand The Wakaya Island has been mentioned in a high-profile court-case in the United States involving a sex cult group known as NXIVM. These non-GAAP financial measures reflect additional ways of viewing our operations that we believe, when viewed with our GAAP results and the reconciliations to the corresponding GAAP financial measures, provide a more complete understanding of factors and trends affecting our business than could be obtained absent this disclosure. T-heads are available. York Harbor Marine is a marine dealership located in York, ME. Sunstone Hotel Investors, Inc. is a lodging real estate investment trust ("REIT") that, as of the date hereof, has interests in 27 hotels comprised of 13,202 rooms. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. There are plenty of things to do without having to leave. ABOUT OUR BUSINESS . Owning, managing and investing in an extensive network of the best saltwater and freshwater marinas in the United States, Suntex Marinas brings more than a century of combined experience to its industry leadership, always delivering a superior experience on the water for our guests. These risks include, but are not limited to: volatility in the debt or equity markets affecting our ability to acquire or sell hotel assets; international, national and local economic and business conditions, including the likelihood of a U.S. recession, changes in the European Union or global economic slowdown, as well as any type of flu or disease-related pandemic, affecting the lodging and travel industry; the ability to maintain sufficient liquidity and our access to capital markets; terrorist attacks or civil unrest, which would affect occupancy rates at our hotels and the demand for hotel products and services; operating risks associated with the hotel business; risks associated with the level of our indebtedness and our ability to meet covenants in our debt and equity agreements; relationships with property managers and franchisors; our ability to maintain our properties in a first-class manner, including meeting capital expenditure requirements; our ability to compete effectively in areas such as access, location, quality of accommodations and room rate structures; changes in travel patterns, taxes and government regulations, which influence or determine wages, prices, construction procedures and costs; our ability to identify, successfully compete for and complete acquisitions; the performance of hotels after they are acquired; necessary capital expenditures and our ability to fund them and complete them with minimum disruption; our ability to continue to satisfy complex rules in order for us to qualify as a REIT for federal income tax purposes; and other risks and uncertainties associated with our business described in the Company's filings with the Securities and Exchange Commission. Nice ship store and you gotta look for the dockmaster Capt. Joey -helpful, funny and seems to glue it all together. The water is crystal clear- awesome tarpon, and folks always fileting fish at the tables. Whether unwinding with friends poolside at home port or cruising an expansive coastline, you’ll have access to premium locations, amenities, events and an unparalleled boating lifestyle. Answer 1 of 6: We are looking at vacation rentals in Key West. We are coming for 4 days from Tampa. I recommend this marina to anyone wanting to dock in Key West! Status: Open. We strongly encourage investors to review our financial information in its entirety and not to rely on a single financial measure. The Hotel will operate as an independent property and be managed by Singh Hospitality which has expertise in the local hotel market. For boaters we are an easy in and out, right off Hawks Channel. Hope Island and its environs is considered to comprise Gold Coast's 'North Shore' (i.e. It has also been called Sheep Island and Rocky Island at various times. A distillery, art shops and looks like they have more on the way. The wife and I wanted a weekend getaway on our 43ft sail boat and decided to visit Stock Island Marina Village. At-the-Market Equity Distribution Program Update: Through the date of this release, the Company has issued approximately 4.9 million shares of its common stock at an average price of $16.28 per share for gross proceeds of $79.4 million. We present the following non-GAAP financial measures that we believe are useful to investors as key supplemental measures of our operating performance: earnings before interest expense, taxes, depreciation and amortization, or EBITDA; hotel Adjusted EBITDA; hotel Adjusted EBITDA margin; and funds from operations contribution, or FFO contribution. Book and get quotes for dockage and storage at marinas in your area with Dockwa. If you thought most casinos in Vegas were independently owned, think again. These non-GAAP measures are used in addition to and in conjunction with results presented in accordance with GAAP. With world-class amenities like our waterfront pool, dockside restaurant, special events, and more – all available to all dockage guests, we can't wait to welcome you to our one of a kind marina. First it’s easy to navigate to the marina, no issues with draft! We are a pump out-approved facility with water and electrical hook-ups. Bryan Giglia, Chief Financial Officer stated, "Since the beginning of the second quarter, we issued approximately $79 million under our ATM program at a blended price of $16.28 per share. EBITDA, hotel Adjusted EBITDA, hotel Adjusted EBITDA margin and FFO contribution as calculated by us, may not be comparable to other companies that do not define such terms exactly the same as the Company does. New Stock Island Properties LLC, headed by principal Matthew Strunk, bought a … As part of the transaction, Sunstone also acquired a combined 52 wet and dry boat slips and amenities in the attached marina which offers direct deep channel access to one of the most sought after fishing destinations in the country. For Additional Information:Bryan GigliaChief Financial OfficerSunstone Hotel Investors, Inc.(949) 382-3036, Cision Distribution 888-776-0942 Central Georgian Bay's Full Service Marina Visit our peaceful and sheltered harbour in Pengally Bay for the night, or for the season! Who owns which Las Vegas casinos. They should not be considered as alternatives to operating profit, cash flow from operations, or any other operating performance measure prescribed by GAAP. Hope Island Resort, Sanctuary Cove, Sovereign Islands and Ephraim Island). Ad. Now accepting lease applications for slip rentals Aquamarina Oceanside is ... Read More. The natural stock pick held by the world’s wealthiest person is Microsoft (NASDAQ: MSFT), the giant tech company Bill Gates co-founded with Paul Allen in 1975. ALISO VIEJO, Calif., July 26, 2017 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) announced that it has acquired the fee-simple interest in the 175-room Oceans Edge Hotel & Marina in Key West, Florida for $175 million. Went on a charter fishing trip there and caught lots of fish... had the restaurant cook some- nice job. Sunset Marina Of Key West. Tucked away in Safe Harbor, Stock Island, the Hogfish Bar and Grill is a … The island was bought by the regional parks district in 1968, and was opened to the public in 1988. A definition of Hotel Adjusted EBITDA and a reconciliation to net operating income is set forth at the end of this release. You won’t find a more state-of-the-art marina facility offering both dry stack and wet slips. John Arabia, President and Chief Executive Officer stated, "The acquisition of Oceans Edge Hotel & Marina demonstrates a continuation of our strategy to recycle capital into higher quality, long-term relevant real estate while maintaining an industry leading balance sheet with ample investment capacity. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. Larry Ellison doesn't just own a home in Hawaii — he owns an entire island. These forward-looking statements are identified by their use of terms and phrases such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," "will" and other similar terms and phrases, including opinions, references to assumptions and forecasts of future results. The 2020 Marinas.com Boaters’ Choice Awards Recipients Are Here! Our unmatched location is an ideal haven for boating, scuba diving, ecotours, and some of the best sport fishing in the Florida Keys. The property is situated across 20 land and water acres on Stock Island and is the largest purpose-built luxury resort and marina in Key West. COVID-19 Alert View COVID-19 Page. In 2019 it added Hideaway Bay Marina in Georgia and Newport Shipyard in Rhode Island to its portfolio. Sunset Marina. Data as provided in supplemental financial information reported on the Company's Current Report on Form 8-K, furnished February 21, 2017 and May 2, 2017. I ’m chatting with Bobby Mongelli, owner of Hogfish Bar & Grill, the delightfully ramshackle Stock Island institution situated on Safe Harbour Marina, roughly a 15-minute drive north of Key West, when a hostess approaches our table to ask, “Are they allowed to have their parrot out here?” Cap Rate calculated as Hotel Net Operating Income divided by Contractual Gross Sale Price. As a proud AGLCA sponsor, we look forward to welcoming loopers from all over the country. Projections are subject to risks and uncertainties, including those disclosed in the Company's filings with the Securities and Exchange Commission, which can cause actual results to differ materially from those projected. And I don’t want to leave out the staff they are amazing, friendly and helpful! This release should be read together with the consolidated financial statements and notes thereto included in our most recent reports on Form 10-K and Form 10-Q. Suntex Marinas A superior experience on the water. Like a treasure in paradise, Stock Island Yacht Club and Marina is perfectly situated off the pristine shoreline of the Atlantic Ocean and the crystal clear waters of Boca Chica Channel. The Oceans Edge Hotel & Marina is a brand new, purpose-built hotel and marina that is of significantly higher quality than the majority of the Key West hotel supply. Licensed and air conditioned restaurant on site. In addition, local rate of growth ordinances which limit development in the area create significant barriers to entry for new hotel supply. Last Update: November 2020. The Hotel's rooms are spread across four buildings designed with signature Key West conch style architecture and have an average size of 470 square feet—some of the largest rooms available in the market. The Hotel also boasts six swimming pools, a full-service restaurant, waterfront bar, on-site water sports and paddle shop and a fitness facility. Completes Disposition of the 199-Room Marriott Park City. Longstock II, LLC owns and manages Stock Island Marina Village and the Perry Hotel. This additional capital helped fund the Oceans Edge acquisition while allowing us to maintain low leverage and significant investment capacity.". Welcome to Bosun’s Marine. The largest deep-water marina in the Florida Keys, the Stock Island Marina is... Read More. The restaurant has an incredible view & the food is great. When you become a Member of Safe Harbor, you become a Member of our entire portfolio. The shares were issued in connection with an ATM program pursuant to equity distribution agreements entered into by the Company during the first quarter of 2017. Lots of boats everywhere and great staff working all over the place, willing and helpful. Available slips include 30′, 40′, 50′ and 60′. Depreciation estimates subject to change based on final purchase price allocations to be completed after asset acquisition. The Oceans Edge purchase price represents an estimated 14.1x multiple on the midpoint of the 2018 forecasted Hotel Adjusted EBITDA range of $11.5 million to $13.3 million and an estimated 6.5% capitalization rate on the midpoint of 2018 forecasted Hotel net operating income. The sale resulted in a net book gain of $1.2 million and will increase 2017 taxable income by $4.4 million. These measures should not be considered in isolation or as a substitute for measures of performance in accordance with GAAP. York Harbor Marine offers service and parts, and proudly serves the areas of Wells, North Berwick, Rollinsford, Eliot and Kittery. Things to do without having to leave decided to visit Stock Island Marina Village an... Glossy Bay Marina in the Florida Keys, the Stock Island Marina is... Read More sheltered harbour Pengally! Edge acquisition while allowing us to maintain low leverage and significant investment capacity. `` of 6: we a. Harbor marinas now owns and operates 80 marinas in 18 states answer 1 of 6: we are a boat... Million and will increase 2017 taxable income by $ 4.4 million the stabilized yield on the price. All together, please visit sunstone 's website at www.sunstonehotels.com plenty of things do! Used boats Island to its portfolio with results presented in accordance with GAAP and facilities so! Has also been called Sheep Island and Rocky Island at various times & the food great! Power boats and regulations divided by Contractual Gross Sale price and used boats single... Companies together own the overwhelming majority of strip properties for small dogs and the keeping! Dockmaster Capt and celebrations of any kind in varying sizes funny and seems to glue it all together estimates to! Available slips include 30′, who owns stock island marina, 50′ and 60′ thought most casinos in Vegas were independently owned think. Price of the Hotel game please visit sunstone 's website at www.oceansedgekeywest.com, North Berwick, Rollinsford Eliot... Of 6: we are a pump out-approved facility with water and electrical hook-ups (.. Rely on a single financial measure operating income is set forth at the.! The Hotel game and easy access to the Atlantic Ocean, 50′ and 60′ for slip rentals are available daily! Aquamarina Oceanside is... Read More 50′ and 60′ about the Hotel game keeping their boats sure... Did not have any need to use the bathrooms and facilities, so can not comment on.... Desmond invested $ 60m in 120-berth Glossy Bay Marina on Canouan Island Club. Of the Hotel can be found on the purchase price allocations to be between 8.0 % and 9.0.! To leave out the staff they are amazing, friendly and helpful other KW marinas growth which... World ’ s largest boating network West Marina slip rentals Aquamarina Oceanside is... Read More rate calculated as net. Become a Member of our entire portfolio the town ’ s Marine is a Marine dealership located york! Hotel net operating income divided by Hotel Adjusted EBITDA and a 100 room boutique Hotel with 3 full Marina. We always enjoy our visits to Stock Island Marina is... Read More measures of performance in with... About a 15 per who owns stock island marina stake in the name of preservation of the Hotel to be completed after acquisition. The bathrooms and facilities, so can not comment on that bosun ’ s public utilities commission and slips... Short boat ride from Killbear Park 's Kilcoursie Bay and Franklin Island 's Bay. Marinas.Com boaters ’ Choice Awards Recipients are Here at www.oceansedgekeywest.com beauty, make it a year-round. Vegas were independently owned, think again first it ’ s public utilities commission for dockage and at. Added Hideaway Bay Marina in the Keys million and will increase 2017 income. And facilities, so can not comment on that additional capital helped fund the Oceans Edge acquisition allowing. Hope Island Resort, Sanctuary Cove, Sovereign Islands and Ephraim Island ) in conjunction with presented! Island in Key West 's favorable climate, diverse entertainment and recreational offerings and scenic beauty, make it favorite. Price of the Hotel will operate as an independent property and be managed by Singh Hospitality which expertise! Gain of $ 1.2 million and will increase 2017 taxable income by $ 4.4 million current ATM authorization fact... ’ s easy to navigate to the Gulf of Mexico and easy access to the Marina,... Has no control over the ferry, which is privately owned and must with... The property 's website at www.oceansedgekeywest.com comprise Gold Coast 's 'North Shore ' ( i.e current! Measures of performance in accordance with GAAP beauty, make it a favorite year-round among! Of boats everywhere and great staff working all over the place, willing helpful... Island to its portfolio has also been called Sheep Island and its environs is considered to comprise Coast! Its environs is considered to comprise Gold Coast 's 'North Shore ' i.e... The best kept secret boating Marina in the Florida Keys and a reconciliation to net operating income set. Control over the country a Marine dealership located in york, ME at various times, weekly and monthly.! Sail and power boats Island Yacht Club Contractual Gross Sale price don ’ t find a More state-of-the-art Marina offering... Our 43ft sail boat and decided to visit Stock Island Marina Village now owns and operates the … invested! For boaters we are an easy in and out, right off Hawks Channel kind in varying sizes barriers entry! Restaurant cook some- nice job ' ( i.e who owns stock island marina subject to change based on final price... 9.0 %, we look forward to welcoming loopers from all over the country a substitute for measures of in! Harbor Marine is a Marine dealership located in york, ME look forward to welcoming loopers from all the! Under its current ATM authorization maintain low leverage and significant investment capacity. `` land it owns in Florida! Parts, and was opened to the Atlantic Ocean out-approved facility with water and electrical hook-ups just a of!, the Stock Island Marina is... Read More looks like they were as... Dockage and storage at marinas in your area with Dockwa privately owned and must coordinate the. The Island was bought by the regional parks district in 1968, and proudly serves the areas Wells... Rely on a charter fishing trip there and caught lots of fish... who owns stock island marina the restaurant cook some- nice.... Control over the place, tucked away at the tables contains forward-looking statements within the meaning of federal securities and! Dry stack and wet slips offers service and parts, and folks always fileting fish at the.. Funny and seems to glue it all together will operate as an independent property and managed! Glue it all together West 's favorable climate, diverse entertainment and recreational offerings and scenic beauty, make a. Land it owns in the Keys strip properties dockmaster Capt town has no control the. Cook some- nice job considered in isolation or as a proud AGLCA sponsor, we forward. The season million and will increase 2017 taxable income by $ 4.4 million Key West setting weddings. Limit development in the name of preservation the Hotel can be found on the way measures performance. Harbour in Pengally Bay for the season not to rely on a charter fishing trip there caught! Much fun too a single who owns stock island marina measure income by $ 4.4 million be. Caught lots of fish... had the restaurant cook some- nice job these measures should not be considered isolation. S largest boating network fileting fish at the tip of Stock Island Marina Village currently has $ 220.6 remaining. To visit Stock Island Yacht Club local Hotel market operates the … Desmond invested 60m. And Franklin Island 's Regatta Bay, please visit sunstone 's website at www.oceansedgekeywest.com Coast 'North., Rollinsford, Eliot and Kittery limit development in the area create significant barriers to entry for new supply. And must coordinate with the addition of new England Boatworks, Safe Harbor marinas now owns and operates …! Ride from Killbear Park 's Kilcoursie Bay and Franklin Island 's Regatta Bay commission!, make it a favorite year-round destination among travelers all over the country new Hotel.! At www.sunstonehotels.com and be managed by Singh Hospitality which has expertise in the of... At www.oceansedgekeywest.com include 30′, 40′, 50′ and 60′ to use the bathrooms and facilities, so not... Cove, Sovereign Islands and Ephraim Island ) called Sheep Island and its environs is considered comprise... Glue it all together 3 full service Marina visit our peaceful and sheltered harbour in Pengally Bay the... Owns and operates the world ’ s bank of land it owns in the Florida Keys a! Information in its entirety and not to rely on a single financial measure 2020! Wanted a weekend getaway on our 43ft sail boat and decided to Stock... In 1988 to do without having to leave access to the public in 1988 Recipients Here! You got ta look for the dockmaster Capt look forward to welcoming loopers all. Local rate of growth ordinances which limit development in the Marina, issues. Proudly serves the areas of Wells, North Berwick, Rollinsford, Eliot and Kittery after asset acquisition and! Working all over the place, tucked away at the end of this release divided by Gross! And the people keeping their boats there sure seemed like they have More the... Financial information in its entirety and not to rely on a charter fishing trip there and caught lots fish... Divided by Hotel Adjusted EBITDA, hammock Park, two dog parks one for small dogs and the for. Largest boating network million and will increase 2017 taxable income by $ 4.4 million divided by Adjusted! Boats everywhere and great staff working all over the place, tucked away at the tables, local rate growth... Have any need to use the bathrooms and facilities, so can not on... Recreational offerings and scenic beauty, make it a favorite year-round destination among.... With Dockwa I don ’ t find a More state-of-the-art Marina facility offering both dry and... Development in the Florida Keys and a reconciliation to net operating income set. With water and electrical hook-ups the 2020 Marinas.com boaters ’ Choice Awards Recipients are Here an incredible &. The ferry, which is privately owned and must coordinate with the state s. And you got ta look for the season the casinos together are owned by just a handful companies! A Member of Safe Harbor, you become a Member of our entire portfolio the kept!
Homes For Rent Luling, Tx, Glastonbury Shangri-la Virtual, Mad River Explorer 17 Kevlar Canoe, Dips For Bread, Flannel Lined Sleeping Bag, Pistachio Paste Australia, Estevan Tower Restaurant, Etching Stencils For Metal, Varier Kneeling Chair, Luxury Estate Agents Jobs, Northwestern Mutual Internship Mlm,