Skip to main content

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.

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

1_BRP

BRP Launches Multiple New Products

The company debuted Rotax outboards, new Manitou and Alumacraft models and an electric hydrofoil board.

1_EVERGLADES

Everglades Hires Director

Caroline Cozier will lead the company’s sales initiatives in the Northeast, Mid-Atlantic, Great Lakes and Canada.

1_DEALEROUTLOOK

Three Great Ways To Tick-Off Your Customers

As boat sales normalize, it’s essential to keep the customers you have. Here’s what not to do.

1_CHAPARRAL

Buck Pegg Turns 80

Flags were flown at the Georgia State and U.S capitols in honor of the Chapparal Boats founder’s birthday.

1_CONTENDER

Contender Boats Announces New Factory

The fishboat builder said the 100,000-square-foot facility in Fort Pierce, Fla., will concentrate on its smaller models.

1_IBEX.PRESESSION

Soundings Trade Only Announces IBEX Presessions

The Sept. 26 events in Tampa, Fla., include a Women in the Industry Summit, a leadership panel and the Most Innovative Marine Company Awards.

_MG_0177

U.S. Adds 528,000 Jobs in July

The Department of Labor said the manufacturing and leisure-and-hospitality segments contributed to the gains.