Suntex Marine Investors has acquired an equity interest from RCI Group’s Miami Beach Marina. Financial terms were not disclosed.

RCI and Suntex were recently selected by the city of Miami to redevelop the Virginia Key Marina. Suntex was also selected by the city of Fort Lauderdale to redevelop the Las Olas Marina.

“We continue to expand the Suntex portfolio to include high-value facilities in the most prestigious vacation destinations in the country,” said Bryan Redmond, founding principal of Suntex in a statement.

Miami Beach Marina has 400 boat slips with dockage for vessels up to 250ft with services and amenities. “With RCI’s expertise developing premier waterfront properties and Suntex’s renowned focus on customer experience and systems infrastructure, our Miami Beach Marina venture ensures that South Florida remains the number one yachting destination in the world,” said Robert Christoph, founder and chairman, RCI Group, in the statement.

Suntex’s 46 marinas are located in California, Florida, Georgia, Iowa, Kentucky, Maryland, Massachusetts, New Jersey, New York, Oklahoma, Texas, Tennessee and Virginia.