News and announcements

July 15, 2021

SOUTHERN MARINAS ACQUIRES ELLIOTT BAY MARINA

Growing Marina Portfolio Adds Iconic Seattle, Washington Location

Elliott Bay Marina
North Palm Beach, Fla. – Southern Marinas Holdings II, LLC, a partnership between a Denver-based private investment firm and Southern Marinas, LLC, announced today the purchase of Elliott Bay Marina in Seattle, Washington.

Elliott Bay Marina is one of the largest, private marinas on the West Coast with 1,200 wet slips for vessels up to 300 feet, 10 miles of moorage, and a country club environment with panoramic views of the Seattle skyline, and Mount Rainier in the Olympic Mountains. Along with being conveniently located just minutes from downtown Seattle, the full-service marina features repair facilities, a fuel dock, a convenience store, a Freedom Boat Club, and several notable retail vendors. It is also home to two popular Landry’s restaurants, Palisades and Maggie Bluffs.

Over the past 30 years, Elliott Bay Marina has become a one-of-a-kind community whose heart and soul are the boaters that have chosen Elliott Bay as their home for recreational boating. “My partners and I have been most fortunate to see our vision for Elliott Bay Marina come to fruition, but the timing is right for our ownership group to transition the marina to a team whose principal focus is both marina and resort operations. We have found such a group in Southern Marinas,” said John Kaiser, principal with Elliott Bay Marina, Inc.

“We are truly honored that John Kaiser and his partners have selected Southern Marinas to be the new stewards of Elliott Bay Marina and to have an opportunity to add to the incredible legacy that they have created,” said Gary Rosmarin, principal with Southern Marinas. “Elliott Bay is the perfect addition to our growing portfolio of properties that will expand our footprint into the Pacific Northwest market.”

Southern Marinas has a strong pipeline of assets, and, in 2021 and beyond, they will be acquiring a select number of best-in-class marinas strategically located across the United States.

For more information on Southern Marinas and its current portfolio of marinas, please contact [email protected] or visit www.southernmarinas.com.

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CONTACT INFORMATION

Southern Marinas
11300 U.S. Highway One,
Suite 610 Palm Beach Gardens, Fl 33408
561-412-4941
[email protected]

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Bio Coming Soon...

Kyle Bogardus serves as a Senior Accountant for Southern Marinas. His core responsibility is to prepare financial statements for numerous properties in accordance with US GAAP standards. Prior to Southern Marinas, Kyle was based in New York City serving as a Senior Accountant in the Technology sector. Kyle holds a BS in Accounting from Siena College.

Prior to joining the Southern Marinas' accounting team as an Accounts Payable Specialist, Teresa Phillips was the Business Office Administrator at Dale Hollow State Park Marina in Kentucky.  Teresa came to Kentucky by way of Kansas where she established an extensive history of bookkeeping experience in both the Dairy and Construction Industries. 

Please check back soon for John's Bio...

Adam Rosmarin has more than 16 years of experience across a wide array of industries; including marinas, finance, hospitality, and real estate. Prior to joining Southern Marinas, Adam worked as lead strategist and media buyer for a premier marketing and consulting firm. During his tenure, he managed outbound marketing budgets and website development for Loggerhead Marinas' portfolio of properties from lease up through sale. Additionally, Adam was responsible for allocating annual marketing spends for VanEck, an asset manager and ETF provider. While engaged with VanEck, he contributed to the launch of more than 60 exchange-traded products and helped grow the brand from inception to $50B AUM. Finally, Adam has worked alongside Southern Marinas since its inception to develop branding and the website platform used across the portfolio of marinas. In his role as VP of Business Development, he will source, evaluate, and close deals to grow the platform. Adam is a family man and a true southern sportsman. When he is not in the office, you will likely find him somewhere between the crystal-clear waters of the Bahamas and the backwoods of Georgia.