Completes Disposition of the 199-Room Marriott Park City. We are a short boat ride from Killbear Park's Kilcoursie Bay and Franklin Island's Regatta Bay. The area was named after colonial aristocrat Captain Louis Hope, who was granted approximately 1,800 acres (7.3 km 2) of land at the mouth of the Coomera River in recognition of his contribution in developing the sugar industry in Queensland. Larry Ellison doesn't just own a home in Hawaii — he owns an entire island. With the addition of New England Boatworks, Safe Harbor Marinas now owns and operates 80 marinas in 18 states. It has also been called Sheep Island and Rocky Island at various times. Last Update: November 2020. Safe Harbor owns and operates the world’s largest boating network. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. Suntex Marinas A superior experience on the water. Close by to Hope Island there is a Westfield Shopping centre, two train stations, the Gold Coast Aquatic Centre, Gold Coast City Marina and world class medical services. Over the past 19 months, we have sold nearly $735 million of real estate and used a portion of those proceeds to return capital to our shareholders, to strengthen our already low-levered balance sheet and to redeploy proceeds into exceptional real estate. 125 Reviews. The Oceans Edge purchase price represents an estimated 14.1x multiple on the midpoint of the 2018 forecasted Hotel Adjusted EBITDA range of $11.5 million to $13.3 million and an estimated 6.5% capitalization rate on the midpoint of 2018 forecasted Hotel net operating income. The sale resulted in a net book gain of $1.2 million and will increase 2017 taxable income by $4.4 million. And I don’t want to leave out the staff they are amazing, friendly and helpful! Described by the New York Times as the "new old Key West", Stock Island offers an authentic Florida Keys vibe and is home to the Key West Symphony Orchestra, Tennessee Williams Theatre, numerous art galleries, a golf course and outstanding bars and restaurants. Hurricane Hole Marina Eco (90 Minutes), Sandbar (180 Minutes), and Hurricane Sunset (120 Minutes) Cruises depart from: The Hurricane Hole Marina at 5110 Overseas Hwy., Stock Island, FL 33040 I ’m chatting with Bobby Mongelli, owner of Hogfish Bar & Grill, the delightfully ramshackle Stock Island institution situated on Safe Harbour Marina, roughly a 15-minute drive north of Key West, when a hostess approaches our table to ask, “Are they allowed to have their parrot out here?” Access is now available through ranger-led guided tours. The island was bought by the regional parks district in 1968, and was opened to the public in 1988. We are coming for 4 days from Tampa. Our unmatched location is an ideal haven for boating, scuba diving, ecotours, and some of the best sport fishing in the Florida Keys. York Harbor Marine is a marine dealership located in York, ME. Hope Island and its environs is considered to comprise Gold Coast's 'North Shore' (i.e. In addition, local rate of growth ordinances which limit development in the area create significant barriers to entry for new hotel supply. A distillery, art shops and looks like they have more on the way. ... who government owns about a 15 per cent stake in the marina. Bryan Giglia, Chief Financial Officer stated, "Since the beginning of the second quarter, we issued approximately $79 million under our ATM program at a blended price of $16.28 per share. Additional details about the Hotel can be found on the property's website at www.oceansedgekeywest.com. This is a must boating stop, and the people keeping their boats there sure seemed like they were having as much fun too. Our Key West location is a perfect setting for weddings, regattas, fishing tournaments, and celebrations of any kind in varying sizes. Book and get quotes for dockage and storage at marinas in your area with Dockwa. The wife and I wanted a weekend getaway on our 43ft sail boat and decided to visit Stock Island Marina Village. The shares were issued in connection with an ATM program pursuant to equity distribution agreements entered into by the Company during the first quarter of 2017. York Harbor Marine offers service and parts, and proudly serves the areas of Wells, North Berwick, Rollinsford, Eliot and Kittery. The Stock Island Marina Village also has plans to enter the hotel game. About Safe Harbor Marinas Safe Harbor … We always enjoy our visits to Stock Island Yacht Club! The Company will provide an update to its 2017 guidance to incorporate the impact of these transactions with its second quarter earnings release on August 1, 2017. Licensed and air conditioned restaurant on site. For Additional Information:Bryan GigliaChief Financial OfficerSunstone Hotel Investors, Inc.(949) 382-3036, Cision Distribution 888-776-0942 See This Year’s Marina Honorees. Very nice marina, better pricing than other KW marinas. Sunset Marina. First it’s easy to navigate to the marina, no issues with draft! The Palmetto Bay Marina on Hilton Head Island has been sold to a Daufuskie Island resort owner in a deal totaling $10.5 million, according to Beaufort County deed records. Tucked away in Safe Harbor, Stock Island, the Hogfish Bar and Grill is a … Nice ship store and you gotta look for the dockmaster Capt. John Arabia, President and Chief Executive Officer stated, "The acquisition of Oceans Edge Hotel & Marina demonstrates a continuation of our strategy to recycle capital into higher quality, long-term relevant real estate while maintaining an industry leading balance sheet with ample investment capacity. These non-GAAP financial measures reflect additional ways of viewing our operations that we believe, when viewed with our GAAP results and the reconciliations to the corresponding GAAP financial measures, provide a more complete understanding of factors and trends affecting our business than could be obtained absent this disclosure. You won’t find a more state-of-the-art marina facility offering both dry stack and wet slips. The sale price represents a 8.9x multiple on the hotel's Adjusted EBITDA over the trailing four quarters of $3.1 million and a 9.5% capitalization rate on the hotel's net operating income over the trailing four-quarter period. T-heads are available. At-the-Market Equity Distribution Program Update: Through the date of this release, the Company has issued approximately 4.9 million shares of its common stock at an average price of $16.28 per share for gross proceeds of $79.4 million. Hilton already operates the … . For boaters we are an easy in and out, right off Hawks Channel. Sunstone expects the stabilized yield on the purchase price of the Hotel to be between 8.0% and 9.0%. When you become a Member of Safe Harbor, you become a Member of our entire portfolio. EBITDA, hotel Adjusted EBITDA, hotel Adjusted EBITDA margin and FFO contribution as calculated by us, may not be comparable to other companies that do not define such terms exactly the same as the Company does. Copies of these reports are available on our website at www.sunstonehotels.com and through the SEC's Electronic Data Gathering Analysis and Retrieval System ("EDGAR") at www.sec.gov. A definition of Hotel Adjusted EBITDA and a reconciliation to net operating income is set forth at the end of this release. Offers state-of-the-art floating docks and slips. Who owns which Las Vegas casinos. The restaurant has an incredible view & the food is great. Sunset Marina Of Key West. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. The Hotel will operate as an independent property and be managed by Singh Hospitality which has expertise in the local hotel market. Buying land in Shelter Cove Marina increases the town’s bank of land it owns in the name of preservation. The property is situated across 20 land and water acres on Stock Island and is the largest purpose-built luxury resort and marina in Key West. These measures should not be considered in isolation or as a substitute for measures of performance in accordance with GAAP. The luxury resort and marina, which opened in January 2017, is expected to provide meaningful growth in the near term as it reaches stabilization, and over the long term due to the supply restrictions in the Key West market.". Joey -helpful, funny and seems to glue it all together. What a great place, tucked away at the tip of Stock Island in Key West. All the casinos together are owned by just a handful of companies. Aquamarina Oceanside. In 2019 it added Hideaway Bay Marina in Georgia and Newport Shipyard in Rhode Island to its portfolio. The largest deep water marina in the Florida Keys and a 100 room boutique hotel with 3 full service restaurants. Step back in time and experience the way the Florida Keys used to be – fresh seafood, strong drinks, panoramic waterfront views, outdoor dining and plenty of local characters. The water is crystal clear- awesome tarpon, and folks always fileting fish at the tables. In addition, the Company announced that it had recently completed the disposition of the 199-room Marriott Park City in Park City, Utah for a gross sale price of $27.6 million. 4,234 reviews #1 of 5 Restaurants in Stock Island $$ - $$$ American Bar Seafood 6810 Front St, Stock Island, FL 33040-6054 +1 305-293-4041 Website Menu Open now : 11:00 AM - … Answer 1 of 6: We are looking at vacation rentals in Key West. The natural stock pick held by the world’s wealthiest person is Microsoft (NASDAQ: MSFT), the giant tech company Bill Gates co-founded with Paul Allen in 1975. ... Cairn Homes founders enjoy €14m in pay and stock Longstock II, LLC owns and manages Stock Island Marina Village and the Perry Hotel. Data as provided in supplemental financial information reported on the Company's Current Report on Form 8-K, furnished February 21, 2017 and May 2, 2017. Owner: John MaloneEstimated value: N/AJohn Malone, who overtook Ted Turner as the biggest private land owner in the U.S. at 2.2 million acres in 2011, owns … Our Key West marina slip rentals are available for daily, weekly and monthly use. Safe Harbor Marinas owns and operates the largest family of marinas in the United States. ABOUT OUR BUSINESS . These non-GAAP measures are used in addition to and in conjunction with results presented in accordance with GAAP. As a proud AGLCA sponsor, we look forward to welcoming loopers from all over the country. Lots of boats everywhere and great staff working all over the place, willing and helpful. Oceans Edge Hotel & Marina ("Oceans Edge" or the "Hotel") is a newly constructed, purpose-built oceanfront hotel and marina complex that opened in January 2017. We are a pump out-approved facility with water and electrical hook-ups. 3 restaurants, hammock park, two dog parks one for small dogs and the other for larger dogs. The Company currently has $220.6 million remaining under its current ATM authorization. ALISO VIEJO, Calif., July 26, 2017 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) announced that it has acquired the fee-simple interest in the 175-room Oceans Edge Hotel & Marina in Key West, Florida for $175 million. As part of the transaction, Sunstone also acquired a combined 52 wet and dry boat slips and amenities in the attached marina which offers direct deep channel access to one of the most sought after fishing destinations in the country. The Oceans Edge Hotel & Marina is a brand new, purpose-built hotel and marina that is of significantly higher quality than the majority of the Key West hotel supply. New Stock Island Properties LLC, headed by principal Matthew Strunk, bought a … This could be the best kept secret boating marina in the keys. For boaters we are an easy in and out, right off Hawks Channel. If you thought most casinos in Vegas were independently owned, think again. Hilton Worldwide Holdings has agreed to buy two of Key West’s largest and most upscale resorts: the Casa Marina and the Reach Resort. I recommend this marina to anyone wanting to dock in Key West! 2016 Boater's Choice Award Winner as Voted by Members and Visitors of Marinas.com, 2015 Boater's Choice Award Winner as Voted by Members and Visitors of Marinas.com. i /we have read and understand the dealer’s policies, terms, and conditions. The 2021 tournament is limited to the first 75 boats that register, and offers $50,000 in guaranteed cash prizes, so sign up early to secure your spot! We sell new and pre-owned Boats and Outboards from Evinrude, Honda Marine, Boston Whaler, Mercury and Yamaha with excellent financing and pricing options. The Company funded the acquisition from available cash on hand including proceeds from the recent sale of the Marriott Park City and Fairmont Newport Beach, as well as net proceeds received from the Company's recent equity issuance under its "At the Market" ("ATM") equity distribution program. By land we’re only four miles from the Key West International Airport and ten minutes away from the historic district and Duval Street in Downtown Key West. Hope Island Resort, Sanctuary Cove, Sovereign Islands and Ephraim Island). We strongly encourage investors to review our financial information in its entirety and not to rely on a single financial measure. . Depreciation estimates subject to change based on final purchase price allocations to be completed after asset acquisition. from 8 AM - 9 PM ET, HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. This additional capital helped fund the Oceans Edge acquisition while allowing us to maintain low leverage and significant investment capacity.". Sunset Marina is home to talented Key West fishing guides who offer charters daily.. We cater to sail and power boats. The 2020 Marinas.com Boaters’ Choice Awards Recipients Are Here! Central Georgian Bay's Full Service Marina Visit our peaceful and sheltered harbour in Pengally Bay for the night, or for the season! Sunstone's hotels are primarily in the upper upscale segment and are generally operated under nationally recognized brands such as Marriott, Hilton and Hyatt. Sunstone Hotel Investors, Inc. is a lodging real estate investment trust ("REIT") that, as of the date hereof, has interests in 27 hotels comprised of 13,202 rooms. Welcome to Bosun’s Marine. In fact, just two companies together own the overwhelming majority of strip properties. i / we hereby certify that all of the information on this application and all statements made herein are true and correct and that i/we am/are the person(s) on the application and not a misrepresentation. The Company completed the disposition of the 199-room Marriott Park City on June 14, 2017 for a contractual sale price of $27.6 million or approximately $138,400 per key. With world-class amenities like our waterfront pool, dockside restaurant, special events, and more – all available to all dockage guests, we can't wait to welcome you to our one of a kind marina. Immediate access to the Gulf of Mexico and easy access to the Atlantic Ocean. Whether unwinding with friends poolside at home port or cruising an expansive coastline, you’ll have access to premium locations, amenities, events and an unparalleled boating lifestyle. 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