Suntex Marina Investors said it has merged with Marina Jack Holdings. Terms were not disclosed.
Suntex owns 34 marina properties in the US and St Maarten. The merger will add Marina Jack and Oleary’s Tiki Bar in Sarasota, Florida, Bayfront Yacht Works & Marina, Bayfront Excursions, and Turtle Beach Grill in Siesta Key, Florida.
“Marina Jack is one of the preeminent marina and hospitality sites in the US,” said Bryan Redmond, founding principal of Suntex. Redmond said that all employees and management personnel of Marina Jack’s restaurant and marina subsidiaries will be kept throughout the transition.
Robert Soran, CEO of Marina Jack, said that the deal represents a “merger of strengths from an operational and managerial standpoint.” Soran will have an equity interest and board advisory capacity with Suntex.
Suntex properties are located in Kentucky, Florida, Georgia, Iowa, Maryland, Massachusetts, New Jersey, New York, Texas, Virginia, Tennessee, Oklahoma and St Maarten.