Suntex Marina Investors announced the first acquisition in its new partnership with Centerbridge Capital and Resilient Capital Partners — Faro Blanco Marina in the Florida Keys city of Marathon.
“The Suntex team is so excited to add such an iconic destination to our premier network of marina assets,” Bryan Redmond, founder and president of Suntex Marinas, said in a statement. “Faro Blanco fits in perfectly with the type of location and amenities that make the Suntex experience so desirable for our customer base. We are appreciative that owners of the adjacent Faro Blanco Resort, EOS Investors, has entrusted Suntex to take the Faro Blanco Marina to a level of excellence in line with their vision for the entire property.”
Located near the Seven Mile Bridge bayside in the lower Florida Keys, the marina provides access to the waters of the Atlantic Ocean and the Gulf of Mexico for excellent fishing, diving and pleasure boating.
An hour north of Key West and two hours south of Miami, it’s a popular destination for cruising clubs and yacht rendezvous.
The marina has 74 slips and accommodates vessels between 35 and 140 feet, with fuel and pump-out services, dockside hookups and a resort-owned restaurant facing the marina. It’s also proximate to amenities in the Keys such as dolphin experiences, private beaches, diving excursions and more.
The contiguous Faro Blanco Resort is pursuing renovations to the hotel and grounds, with an expanded pool area, waterslide, tiki huts and more. Marina guests have full access to the hotel’s outdoor amenities and restaurant.
The Suntex portfolio includes marinas in California, Florida, Georgia, Iowa, Kentucky, Maryland, New Jersey, Oklahoma, Texas, Tennessee and Virginia.