photo by Morgan McGivern
The growth in yachting over the last 5 years has been explosive, and so has the need for professionally managed marina services. The old “tie ‘er up and plug ‘er in” level of service just doesn’t cut it anymore. Well, as could be expected, more sophisticated, globally experienced marina companies are making their way into the Hamptons and East End market.
By Janis Hewitt
(04/12/2007) The Montauk Yacht Club Resort and Marina on Star Island was sold for $34 million to Island Global Yachting, a Florida company that operates more than a dozen other marinas worldwide. more here
Newsday story here
New York Times story here