Port Authority awards 10-year lease to Oasis

The Lorain Port Authority has awarded a 10-year lease agreement to Oasis Marinas to manage the Spritzer Lakeside marina. This ends a 32-year agreement between the port and Spritzer Marinas and as part of the deal the Spritzer Lakeside marina will be renamed ‘Oasis Marinas at Port Lorain’. The new deal takes effect from January 1, 2020.

Formed in 2014, Oasis is a Annapolis-headquartered company that has built up a portfolio of over 20 marinas extending across Maryland, Virginia, Connecticut, New York and Washington DC. The Lorain facility is the first Oasis site in Ohio and the Great Lakes.

Tom Brown, Executive Director of the Lorain Port Authority, said: “A lot of times, I like to say, a fresh set of eyes is good for a city, is good for a port, is good for a project and in this case a fresh set of eyes came forward. Representatives from the port authority visited marinas in Baltimore and Washington, D.C., and found the Annapolis, Maryland-based management company a standout among its competition.”

The hope of the authority according to its board chairman, Brad Mullins, is that the Lakeside marina will be developed into a world class facility. The marina has over 500 berths for yachts up to 18.3m(60ft). Mullins commented: “Lorain has to be a destination in order for us to continue to grow and I think these guys are going to help us get there.”

Oasis Marinas founder and CEO, Dan Cowens said: “The company’s plan is to rehab parts of the marina, including the boater lounge and gangways and improve or replace safety equipment throughout. He said they plan to increase staffing — focusing on ’high-touch’ customer service. Their crews, in bright blue polo shirts and dress pants, will be on hand to help solitary boaters bring their boats into the dock, or run items like ice to others.”

He added: “The increased staff presence may deter break-ins, which have been a problem for some boaters. We will look at other security measures if needed.”

Talking about Oasis more widely, Cowens pointed out that: “We’re looking to grow our footprint around the Great Lakes, but our heart is in Lorain. From one marina, Oasis Marinas has grown to 24 properties under its flag, from Connecticut to Virginia. We are actively working this year to grow our portfolio to 40 locations.”

In other recent moves the company has partnered with the Baltimore-based Just Yacht Brokers, a yacht brokerage business serving the recreational and cruising boating sector. As part of this new partnership, members at Oasis Marinas properties will have access to discounts on brokerage fees when buying and selling their vessels.

On this new link Cowens said: “I’m excited about the partnership with Just Yacht Brokers and what it means for our Oasis Cruisers Club members. Our Oasis Cruisers Club members will be offered a discount on brokerage fee’s which amounts to real savings. We are always looking for ways to create more value for our members and this is a great one.”

Also Oasis has established a partnership with Siren Marine which sees the latter’s boat monitoring technology being shared by boaters and marinas. Under the deal Oasis will sell and promote Siren Marine’s Connected Boat technology through its facilities.