Suntex Ventures with its subsidiary Suntex Marinas, the Dallas-based owner and operator of marina properties, are proud to present the acquisition of a portfolio of three marinas near Fort Worth, Texas, on Eagle Mountain Lake. These include Eagle Mountain Marina, Lake Country Marina, as well as Harbor One Marina.
Harbor One Marina
Combined, the marinas feature 910 in-water slips, 242 indoor boat storage spaces, ample outdoor boat and trailer storage, fuel docks, ship stores, boat rentals, boat service centers, and restaurants. The marinas are located north of downtown Fort Worth, and on the East and Southeast shores of Eagle Mountain Lake.
“Suntex is extremely excited about this opportunity to add three prime marinas to our Dallas/Fort Worth portfolio,” Bryan Redmond, Suntex Principal, said. “We plan to immediately improve these properties through several capital improvement projects and are committed to enhancing the customer experience for the current boaters and future customers alike on Eagle Mountain Lake.”
This transaction marks the fourth acquisition by Suntex in 2012, including Saylorville Lake Marina near Des Moines, IA, Crosswater Yacht Club on Lake Travis in Austin, TX, and Bay Pointe Marina near Boston, MA. Suntex now owns and operates a portfolio of fifteen marinas and one marina loan with a total value of approximately $170M.
The Suntex vision is to be the pre-eminent resort marina company in the world and is actively seeking premier marinas around the world for acquisition.
The Suntex team is enthusiastic regarding the opportunity to work with its tenants and guests to enhance the community and stakeholders. Financing for the transaction was provided by Capital One.
