Suntex acquires first Florida panhandle marina

Suntex Marina Investors has made its first acquisition in the Florida panhandle with the purchase of the Legendary Marina in Destin, Florida.

Legendary Marina, located in one of Florida’s most popular tourist destinations, is among the largest dry storage facilities in the United States, with over 180,000 square feet of space to accommodate 780 vessels.

The property has six marine forklifts with the ability to lift boats up to 53 feet in length. Amenities include unlimited in-and-out of water services; an exterior soap wash; complimentary engine flushes; waste pump-out; a fish cleaning station; ship store with refreshments, boating necessities and apparel; gasoline and diesel fuel; and on-site sales, service and parts.

Suntex has recently completed several other acquisitions in the US, including expansions in California, New Jersey, the Florida Keys and New York. In April 2022, Suntex completed its integration with Westrec Marinas following the announcement of the two companies’ merger.

“We approach each of our acquisitions as a unique opportunity to build upon the personality each marina has established since being built,” says Bryan Redmond, CEO of Suntex Marinas. “We look forward to taking the reins and applying our industry-leading service to give visitors a once-in-a-lifetime experience.”

Destin is located on the Choctawhatchee Bay, giving boaters convenient access to the bay and to the Gulf of Mexico through the East Pass and attracting boats of all sizes.

“We could not be more excited to enter the Florida panhandle, and Legendary Marina fits perfectly into our strategy of coming into a market with a best-in-class asset,” says Chris Petty, senior vice president of investments at Suntex Marinas. “This transaction kicks off a strategic relationship with Peter Bos and the Legendary Companies to bring further development and investment to the boating community in the near future.”

The Suntex portfolio includes marinas located in Arizona, California, Florida, Georgia, Illinois, Iowa, Kentucky, Maryland, New Jersey, New York, Oklahoma, Texas, Tennessee and Virginia.