Stella Marinas Acquires Two Maryland Marinas, Creating Major Chesapeake Bay Boating Hub
TL;DR
Stella Marinas and Drake Real Estate Partners' acquisition creates the Chesapeake's largest marina, offering boaters superior docking, dining, and marine services in a prime location.
The joint venture combines two marinas with over 500 slips, adding a restaurant and boat dealership through partnerships with Five Star Hospitality and Rudy Marine.
This enhanced marina destination improves the local boating community by providing comprehensive services and waterfront dining in a protected cove location.
Boaters can now dock, dine at High Tide Grill, and shop for Jeanneau cruisers all at one premier Chesapeake Bay marina location.
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A joint venture between Stella Marinas and Drake Real Estate Partners has acquired South River Marina and Turkey Point Marina & Yacht Club, two adjacent properties on the South River in Edgewater, Maryland. The acquisition creates one of the largest marina facilities on the Chesapeake Bay with over 500 wet slips and dry racks, positioning it as a major boating destination in the region.
The combined marina offers a strategic location just 30 minutes from both Washington, D.C. and Baltimore, and only five miles from Annapolis, situated in a protected cove with quick access to the Chesapeake Bay. Boaters will have access to comprehensive services including lift slip and dry rack storage for powerboats up to 40 feet, marine services from experienced technicians, fuel services, and dry winter storage facilities.
Stella Marinas is enhancing the offerings through two new partnerships at the location. Five Star Hospitality will operate the High Tide Grill, serving casual waterfront fare, while Rudy Marine will offer Jeanneau outboard-powered cruisers and Bentley pontoon boats for sale on site. These additions create a comprehensive boating experience where customers can dock, dine, refuel, and purchase boats all in one location.
Ryan Comisky, Owner of Stella Marinas, stated that the combination of these properties creates a marina destination where boaters can enjoy a convenient and enjoyable boating lifestyle. The planned upgrades and strategic location make it an ideal home port for boaters seeking comprehensive services.
David Cotterman, Co-Founder & Chief Investment Officer of Drake Real Estate Partners, emphasized that these investments represent an opportunity to enhance the Edgewater boating community while advancing Drake's value-add strategy in high-quality real estate. The partnership reflects the growing investment interest in waterfront properties and marine infrastructure along the Chesapeake Bay region.
The acquisition signals continued consolidation in the marina industry and reflects the strategic value of well-located waterfront properties that can offer integrated services to the boating community. The development is expected to serve as a model for other marina operators seeking to create comprehensive boating destinations that cater to the full spectrum of marine recreational needs.
Curated from 24-7 Press Release
