EBITDA Multiple calculated as Contractual Gross Sale Price divided by Hotel Adjusted EBITDA. 2016 Boater's Choice Award Winner as Voted by Members and Visitors of Marinas.com, 2015 Boater's Choice Award Winner as Voted by Members and Visitors of Marinas.com. Now accepting lease applications for slip rentals Aquamarina Oceanside is ... Read More. Owner: John MaloneEstimated value: N/AJohn Malone, who overtook Ted Turner as the biggest private land owner in the U.S. at 2.2 million acres in 2011, owns … In fact, just two companies together own the overwhelming majority of strip properties. Very nice marina, better pricing than other KW marinas. With world-class amenities like our waterfront pool, dockside restaurant, special events, and more – all available to all dockage guests, we can't wait to welcome you to our one of a kind marina. We present the following non-GAAP financial measures that we believe are useful to investors as key supplemental measures of our operating performance: earnings before interest expense, taxes, depreciation and amortization, or EBITDA; hotel Adjusted EBITDA; hotel Adjusted EBITDA margin; and funds from operations contribution, or FFO contribution. The wife and I wanted a weekend getaway on our 43ft sail boat and decided to visit Stock Island Marina Village. We looked at some houseboats because it was something fun and different. By Anish Chand The Wakaya Island has been mentioned in a high-profile court-case in the United States involving a sex cult group known as NXIVM. In 2019 it added Hideaway Bay Marina in Georgia and Newport Shipyard in Rhode Island to its portfolio. I recommend this marina to anyone wanting to dock in Key West! For Additional Information:Bryan GigliaChief Financial OfficerSunstone Hotel Investors, Inc.(949) 382-3036, Cision Distribution 888-776-0942 4,234 reviews #1 of 5 Restaurants in Stock Island $$ - $$$ American Bar Seafood 6810 Front St, Stock Island, FL 33040-6054 +1 305-293-4041 Website Menu Open now : 11:00 AM - … They should not be considered as alternatives to operating profit, cash flow from operations, or any other operating performance measure prescribed by GAAP. These forward-looking statements are identified by their use of terms and phrases such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," "will" and other similar terms and phrases, including opinions, references to assumptions and forecasts of future results. Described by the New York Times as the "new old Key West", Stock Island offers an authentic Florida Keys vibe and is home to the Key West Symphony Orchestra, Tennessee Williams Theatre, numerous art galleries, a golf course and outstanding bars and restaurants. This release should be read together with the consolidated financial statements and notes thereto included in our most recent reports on Form 10-K and Form 10-Q. Projections are subject to risks and uncertainties, including those disclosed in the Company's filings with the Securities and Exchange Commission, which can cause actual results to differ materially from those projected. ALISO VIEJO, Calif., July 26, 2017 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) announced that it has acquired the fee-simple interest in the 175-room Oceans Edge Hotel & Marina in Key West, Florida for $175 million. 3 restaurants, hammock park, two dog parks one for small dogs and the other for larger dogs. This is a must boating stop, and the people keeping their boats there sure seemed like they were having as much fun too. The Company currently has $220.6 million remaining under its current ATM authorization. The Stock Island Marina Village also has plans to enter the hotel game. ... Cairn Homes founders enjoy €14m in pay and stock Oceans Edge Hotel & Marina ("Oceans Edge" or the "Hotel") is a newly constructed, purpose-built oceanfront hotel and marina complex that opened in January 2017. The Oceans Edge purchase price represents an estimated 14.1x multiple on the midpoint of the 2018 forecasted Hotel Adjusted EBITDA range of $11.5 million to $13.3 million and an estimated 6.5% capitalization rate on the midpoint of 2018 forecasted Hotel net operating income. Suntex Marinas A superior experience on the water. Answer 1 of 6: We are looking at vacation rentals in Key West. For boaters we are an easy in and out, right off Hawks Channel. Safe Harbor owns and operates the world’s largest boating network. The property is situated across 20 land and water acres on Stock Island and is the largest purpose-built luxury resort and marina in Key West. The water is crystal clear- awesome tarpon, and folks always fileting fish at the tables. There are plenty of things to do without having to leave. The 2021 tournament is limited to the first 75 boats that register, and offers $50,000 in guaranteed cash prizes, so sign up early to secure your spot! Sunset Marina Of Key West. By land we’re only four miles from the Key West International Airport and ten minutes away from the historic district and Duval Street in Downtown Key West. We did not have any need to use the bathrooms and facilities, so cannot comment on that. Sunset Marina is home to talented Key West fishing guides who offer charters daily.. We cater to sail and power boats. In addition, local rate of growth ordinances which limit development in the area create significant barriers to entry for new hotel supply. New Stock Island Properties LLC, headed by principal Matthew Strunk, bought a … Book and get quotes for dockage and storage at marinas in your area with Dockwa. This additional capital helped fund the Oceans Edge acquisition while allowing us to maintain low leverage and significant investment capacity.". Hilton already operates the … These non-GAAP financial measures reflect additional ways of viewing our operations that we believe, when viewed with our GAAP results and the reconciliations to the corresponding GAAP financial measures, provide a more complete understanding of factors and trends affecting our business than could be obtained absent this disclosure. Close by to Hope Island there is a Westfield Shopping centre, two train stations, the Gold Coast Aquatic Centre, Gold Coast City Marina and world class medical services. Ad. . The Palmetto Bay Marina on Hilton Head Island has been sold to a Daufuskie Island resort owner in a deal totaling $10.5 million, according to Beaufort County deed records. Over the past 19 months, we have sold nearly $735 million of real estate and used a portion of those proceeds to return capital to our shareholders, to strengthen our already low-levered balance sheet and to redeploy proceeds into exceptional real estate. Last Update: November 2020. First it’s easy to navigate to the marina, no issues with draft! Oceans Edge is Sunstone's first acquisition in the highly desirable Key West market which boasts the highest RevPAR of any market in the United States. This press release contains forward-looking statements within the meaning of federal securities laws and regulations. The town has no control over the ferry, which is privately owned and must coordinate with the state’s public utilities commission. The Hotel will operate as an independent property and be managed by Singh Hospitality which has expertise in the local hotel market. Status: Open. Oceans Edge Acquisition: Oceans Edge Hotel & Marina ("Oceans Edge" or the "Hotel") is a newly constructed, purpose-built oceanfront hotel and marina complex that opened in January 2017. We are a short boat ride from Killbear Park's Kilcoursie Bay and Franklin Island's Regatta Bay. York Harbor Marine offers service and parts, and proudly serves the areas of Wells, North Berwick, Rollinsford, Eliot and Kittery. Available slips include 30′, 40′, 50′ and 60′. The 39th Annual Key West Marlin Tournament is scheduled for July 21 - July 24, 2021, for the third year in a row at Stock Island Marina Village. Sunstone Hotel Investors, Inc. is a lodging real estate investment trust ("REIT") that, as of the date hereof, has interests in 27 hotels comprised of 13,202 rooms. 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