Southern Marinas announced a strategic partnership with worldwide travel and leisure investors KSL Capital Partners, with the goal of acquiring a portfolio of marinas in North America, the company said in a statement.
In February, Southern Marinas Holdings sold its portfolio of facilities to a publicly traded real estate investment trust. The new team is now exploring potential properties and expects to make announcements in the coming months.
The principals of Southern — Mitchell Jones, Drew Gendron and Gary Rosmarin — have overseen the acquisition and operation of more than 50 marinas and resorts in two-plus decades and hope to replicate their success with KSL.
“We could not envision a better partner than KSL, whose experience is unrivaled in the travel and leisure market,” Gendron said. “With a robust pipeline of properties in place, our partnership plans to close on a number of key acquisitions in the near term to anchor the growth of our portfolio.”
KSL’s investments span the globe and include boutique hotels, golf and ski resorts, and more. The partnership with Southern Marinas is its first foray into the boating industry.
“We have been exploring various opportunities to invest in the marina space for a number of years [and] believe we have found an exceptional partner in Southern Marinas,” said KSL partner John Ege.