YCOA forms joint venture with Legendary Inc.

DESTIN, Fla. – Destin Developer, Legendary, Inc. and Yacht Clubs of the Americas (YCOA) have formed a joint venture to develop Legendary Yacht Clubs throughout the North Gulf Coast region from Louisiana to Florida, the companies reported in a statement today.

The partnership between Steeven Knight, CEO of YCOA, and Peter Bos, CEO of Legendary, Inc., is designed to provide “permanent and affordable water access for boaters to the Gulf Coast waterways as well as luxurious amenities and 5-star concierge service,” the companies stated.

“We are honored to be teaming up with Peter Bos and Legendary Marine as they are a dominating force in sales and service in the boating industry along the North Gulf Coast,” said Knight. “We look forward to joining forces with Legendary to help protect waterway access for boaters through the preservation of marinas in an effort to better serve Destin’s active waterway community.”

Legendary Marina, located in Destin, Fla. on the Choctawhatchee Bay, will be the first project in the joint venture. The facility will be renamed Legendary Yacht Club of Destin and will be modeled after current YCOA facilities. Legendary Yacht Club of Destin will add the following amenities to its marina operations: a full-service restaurant, infinity edge swimming pool with bar, valet parking, private owners’ lounge, sauna, steam and fitness areas, children’s play area and more. In addition to these amenities, members will enjoy wholesale pricing on their limousine service, fuel, food and beverages as well as extended hours of service and unlimited boat use, according to the companies.

“Legendary has a reputation for exceeding customer and guests expectations,” stated Bos. “YCOA has the same philosophy and we are honored to join forces with such a dynamic individual as Steeven. Our visions of providing water access to boaters, teamed with the other amenities Legendary has to offer, will offer guests more than a place to store their boat.”

A benefit of ownership at Legendary Yacht Club of Destin is the reciprocal use privileges members will receive at all YCOA’s affiliated locations including Sanibel, New Smyrna, Naples, Key West, Riviera (Ft. Myers), Tampa, Stuart, Ft. George (Jacksonville), Grand Bahamas, and Charleston, SC.

The companies suggested that, due to increasing demand for marina slips and access to the water, wet and dry slips have appreciated an average of 35 percent per year for the past eight years.

“As demand continues to out pace supply, YCOA ownership allows for the building of equity in a rapidly dwindling resource,” the companies stated. “In addition, the Legendary Yacht Club of Destin will bring welcome relief to the more than one million registered boaters in Florida as well as potential investors.”

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