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Seattle’s Elliott Bay Marina Acquired

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Southern Marinas Holdings II acquired Elliot Bay Marina in Seattle, the company said in a statement.

It is the second purchase in as many months for the relaunched Southern Marinas, which last month added Ocean Isle Marina in North Carolina.

Elliott Bay Marina is one of the largest facilities on the West Coast, with more than 1,200 slips for vessels to 300 feet, hundreds of moorings, repair facilities, two restaurants, a Freedom Boat Club and more.

“My partners and I have been most fortunate to see our vision for Elliott Bay Marina come to fruition, but the timing is right for our ownership group to transition the marina to a team whose principal focus is both marina and resort operations,” said Elliott Bay principal John Kaiser. “We have found such a group in Southern Marinas.”

Southern Marina principal Gary Rosmarin added: “Elliott Bay is the perfect addition to our growing portfolio of properties that will expand our footprint into the Pacific Northwest market.”

Earlier this year, Southern sold its portfolio of marinas and entered into a strategic partnership with worldwide travel and leisure investors KSL Capital Partners, with the goal of acquiring marinas in North America.

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