Westrec Marinas acquires Georgia marina

Lazy Days Marina on Lake Lanier in Georgia was sold to Westrec Marinas, which operates a marina adjacent to the facility.
Author:
Updated:
Original:

Lazy Days Marina on Lake Lanier in Georgia was sold to Westrec Marinas, which operates a marina adjacent to the facility.

The seller, Aqua Marine Partners, is a marina investment company with several East Coast facilities.

Andrew Cantor, a marina specialist with the Leisure Investment Properties Group working in Marcus & Millichap’s Atlanta office, had the listing to market Lazy Days.

“Lazy Days was our first inland lake marina ,and we’ve enjoyed great success with it over the past nine years,” Aqua Marine Partners president and CEO Andrew Sturner said in a statement. “Andrew Cantor at Marcus & Millichap’s Leisure Investment Properties Group did a great job selling the property to investors so that we achieved our goal to maximize proceeds in the sale and redeploy that capital to continue to grow our marina portfolio.”

“It’s not often that a property of this size and quality is on the market, and to have it adjacent to one of our marinas made it an opportunity we could not pass up,” said Westrec CFO Jeff Ellis, who led the acquisition team.

Related

ABYC to Publish Largest-Ever Standards Manual

The nonprofit is offering pre-orders until June 18 of its updated standards manual, with a publication date of July 31.

Furuno, Simrad Add SiriusXM Fish Mapping Suite

The subscription-based service offers offshore anglers a suite of technology with which to locate and catch more fish.

Mercury Racing Awards Scholarships

The engine manufacturer looks to grow the next generation of skilled workers with its annual scholarship program.

Vision Marine, Hellkats to Attempt E-Boat Speed Record

A Hellkats 32-foot Widebody equipped with Vision Marine’s E-Motion powertrain will try to be the fastest electric boat in its category.

Grand Banks Operations Remain Halted

The announcement follows the Malay government order extending movement restrictions to curb the spread of Covid-19.

OneWater Marine to Acquire N.J.'s Stone Harbor Marina

The acquisition further expands OneWater’s reach in the Northeast.