Suntex Marina Investors announced the acquisition of Tahoe Keys Marina, the largest protected inland marina on Lake Tahoe, located on the southern shore in the city of South Lake Tahoe, California.
“This acquisition gives Suntex an opportunity to manage and eventually redevelop Tahoe Keys Marina, the premier marina on Lake Tahoe, into a world-class trophy asset that all of the stakeholders in the South Lake Tahoe community deserve,” said David Filler, Head of Investments, Suntex Marinas.
“Initially, Tahoe Keys Marina will benefit from the professionalism and care with which we manage all of our properties,” said Michael Warntjes, Senior Vice President Operations, Suntex Marinas. “Looking ahead, we plan to reopen the restaurant, provide many of the amenities such as boat service and winter storage that were available in the past, clean up the facility’s grounds and commercial buildings and replace the docks in order to deliver the quality of experience that the community and customers expect.”
The marina consists of approximately 270 wet slips for vessels ranging in length from 22- to 100-feet. Operations will oversee three commercial buildings that can accommodate a restaurant, retail and office space, that includes a 9,600 square commercial service building that can accommodate up to 50 vessels for winter dry storage. The marina’s largest lift can handle vessels up to 30-tons. The property also has outdoor dry storage for up to 150 boats and/or trailers. The facility has three above ground storage tanks providing regular and premium gasoline, as well as diesel fuel. There is also a ramp to launch your boat.
“There are very few settings in the world as beautiful South Lake Tahoe and Tahoe Keys Marina has the ability to be the crown jewel on the lake,” said Bryan Redmond, CEO, Suntex Marinas. “Suntex is grateful to have the opportunity to be a part of the community and play a major role in making this a reality.”