TPG Hotels & Resorts, and its marina management affiliate, TPG Marinas, one of the nation's premier marina management companies, announced today they have assumed management of six east coast marinas for Epum Holdings.
"Epum Holdings is a leading private commercial real estate developer in our industry, and we are pleased to welcome them as a new partner and these exceptional properties into our marina portfolio," said Tim Muir, Chief Development Officer, TPG Hotels & Resorts. "We see a significant opportunity to deploy our institutional management platform to these assets and enhance their operations to increase the value of these marinas. Adding these marinas fits our strategic vision to expand our management platform with premier marinas nationwide."
The marinas in the portfolio include:
- Old Harbor Marina, Clinton, Connecticut
- Mystic Point, Mystic, Connecticut
- Spicer's Marina, Groton, Connecticut
- Noank Shipyard, Groton, Connecticut
- Glastonbury Marina, Glastonbury, Connecticut
- Sunset Harbor, Essex, Maryland
"We were looking for an operating partner that shares our culture, values, and philosophy," said Spencer Steiff, Partner, Epum Holdings. "These marinas are integral to our strategy of creating long-term and shared value for boaters, stakeholders, and ownership. This operating agreement with TPG further enhances our ability to focus on our core competencies and grow our portfolio."
"We are thrilled to welcome the Epum's marinas to our national operating portfolio," said Eric Bradley, VP Marina Operations, TPG Marinas. "Our operations philosophies, cultures, and core values are fully aligned with theirs, which enables us to leverage our collective experience and resources to deliver optimal performance and profitability."
About TPG Marinas
TPG Marinas is a nationwide owner and operator of marina businesses and other waterfront real estate. We have evolved our approach to marina management through nearly 40 years in the hotel and hospitality industry. Whether we are an investor, owner, or third-party operator, TPG is committed to bringing success to capital partners as entrusted stewards of marina business and waterfront real estate assets. For more information, please visit tpgmarinas.com.