Island Global Yachting (IGY), one of the world’s premier owners, developers and managers of luxury marinas and yachting lifestyle destinations, announced that it has closed on its acquisition of the Yacht Club at Isle de Sol (IDS). Acclaimed as one of the top marinas in the Caribbean which caters to the mega-yacht market, IDS is ideally situated near the Simpson Bay Bridge on St. Maarten in the Dutch Antilles. The marina features 45 slips accommodating vessels ranging from 80 to 360 feet. CMMC N.V., a wholly-owned subsidiary of IGY, has managed this property since its construction.
“St. Maarten is considered to be the center of mega-yacht activity in the Caribbean and is a critical location for IGY,” said Andrew L. Farkas, CEO of Island Global Yachting. “In particular, Isle de Sol is one of a select few locations in the region that is known throughout the yachting world as catering to the largest and most prestigious end of the mega-yacht market. With this purchase, IGY further establishes its global reputation as the leading brand for luxury marinas and yachting lifestyle destinations.”
Isle de Sol will join Yacht Haven Grande St. Thomas in leading IGY’s megayacht marina portfolio. Jeff Boyd, IGY’s executive vice president of operations, stated that, “It is gratifying to have been closely involved in the development of both IDS and Yacht Haven Grande, IGY’s state-of-the-art megayacht marina in St. Thomas. IGY’s Caribbean portfolio of luxury marinas offers one-stop shopping for yachts seeking the finest in cruising destinations and facilities throughout the Caribbean.”
Continued Charles Garner, IGY’s president, “IGY is committed to enhancing the nautical tourism experience in St. Maarten. With IGY’s dedication to delivering the highest level of service and developing employees with five-star professionalism, we are confident that our ownership of the Yacht Club at Isle de Sol will enhance the facility and enhance the luxury yachting industry in St. Maarten.”
IGY’s presence on St. Maarten also includes control of the Simpson Bay Yacht Club, ownership of the St. Maarten Shipyard project and management of various other assets. The company offers an unprecedented Pan-Caribbean collection of marinas including other locations such as: St. Lucia, the British Virgin Islands, and St. Thomas. IGY developments are not only enhancing and revitalizing their local areas, but the network of properties is setting new standards for service and quality. IGY’s signature marina, Yacht Haven Grande, opened in March in St. Thomas, USVI, and can accommodate yachts ranging in size from 60 to 500 feet. Its facilities are considered by the industry to be the most technologically advanced and are complemented by its upland development of world-class shopping, restaurants, entertainment and recreational amenities, as well as luxury residential units. Since its opening, the marina has attracted some of the world’s most spectacular private yachts.
Isle de Sol was initially developed by Dr. Reuben Hoppenstein, with local supervision by CMMC NV, a wholly-owned subsidiary of IGY.
ABOUT ISLAND GLOBAL YACHTING
From the islands of the Caribbean to the azure waters of the Arabian Gulf and other beautiful yachting destinations around the world, IGY is redefining the very idea of luxury marina experiences. Founded in 2005, IGY focuses on acquiring, controlling and/or servicing luxury-yacht marinas and the surrounding upland real estate properties. Island Global Yachting marinas operate under the signature Yacht Haven Grande collection and the IGY series brands, as well as several private labels. Headquartered in Fort Lauderdale, Florida, IGY also has offices in New York, NY; St. Thomas, USVI; and Dubai, UAE. IGY is an affiliate of Island Capital Group LLC, a real estate merchant banking firm led and founded by Andrew Farkas, former chairman of Insignia Financial Group. For more information, please visit www.igymarinas.com.