Suntex Marinas acquires Caloosa Cove Marina on Islamorada

Suntex Marinas acquires Caloosa Cove Marina on Islamorada © Suntex Marinas

Suntex Marina Investors, LLC (Suntex), the premier owner and operator of best-in-class marina properties, announced today another addition to its growing portfolio with the acquisition of Caloosa Marina located in Islamorada in the Florida Keys.

Situated on approximately 15 acres just 1.5 hours east of Key West and 2 hours south of Miami, Caloosa Cove is a destination property with a general and ship store, roadside and marina fuel, an ocean-view restaurant, and a resort with apartment-style units with ocean views from all rooms. The marina consists of approximately 32 wet slips that can accommodate vessels up to 65-feet and 88 dry slips for boats up to 34-feet. Of the dry slips approximately 76 are covered in a hurricane-rated barn. The adjoining vacation ownership resort has 30 apartment style units overlooking the ocean and marina. The Safari Bar & Grill is a historic oceanfront bar and restaurant, popular with locals and tourists, that is newly remodeled and slated to open under a new name in summer of 2022. Most of the property has been recently refurbished, with plans under way to continue the renovation.

"This purchase provides Suntex with a unique opportunity to continue to expand upon our holdings in the Florida Keys and our footprint in the South Florida market," said David Filler, Head of Investments, Suntex Marinas. "The marina is a first-class facility with full amenities and fits well into our portfolio of other iconic, first-class facilities."

"Caloosa Cove is poised to be a premier facility in one of the most desirable locations," said Sam Chavers, Senior Vice President, Operations, Suntex Marinas. "The existing facility is an excellent foundation to which we can add our exceptional customer service and dedicated management style, as well as investment in the level of fit and finish to build a truly incredible Florida Keys marina that guests will remember for a lifetime."

Each year, thousands of commercial, recreational and pleasure boaters visit the Florida Keys to fish, dive, snorkel and enjoy a wealth of activities on the water, including kayaking and paddle board sports. The Florida Keys' surrounding waters are protected by the Florida Keys National Marine Sanctuary, extending from south of Miami westward to encompass the Dry Tortugas. The Sanctuary has spectacular resources such as coral reefs, shipwrecks, seagrass beds and active fisheries. Islamorada attracts more than 680,000 visitors per year.

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