10 Jan
2017

Recently, National Harbor Marina has been acquired by IGY Marinas. The acquisition of this marina allows IGY to offer its services to the Washington D.C. area for the first time, making the deal of great consequence for the company.

IGY has a targeted expansion strategy in place, and has had its eye on National Harbor. The marina has become a significant tourism terminus and source for new development projects, making it an ideal target for expansion opportunities. Alongside Chairman Andrew Farkas, IGY CEO Tom Mukamal claims that National Harbor has been a top priority because of the high success of the development in the area. The marina can also provide significant potential as destination for yachting. Mukamal is excited to work with the area’s stake holders and their partners to make National Harbor a yachting top location for the nation’s capital.

IGY will immediately begin implementing its services and operations within National Harbor Marina. They will also use their existing relationships in hopes of raising the profile of the marina through special events and philanthropic initiatives.

National Harbor offers special feature and is known in the area for their excellent customer service. It has over 70 floating dock slips that can quarter yachts over 150 feet long, and up to a draft of 9-feet. The marina also has amenities that include water and refuse bins, Wi-Fi and cable, private showers, laundry facilities, and a security gate to name a few.

IGY was founded in 2005 and the company has the focus of acquiring, managing and servicing marinas and the real estate properties that surround them. IGY is headquartered in Fort Lauderdale, Florida but also has offices in St. Thomas and New York City. Their network of properties has set new standards in nautical tourism all over the globe. The have an unrivaled collection of marinas that cater to a plethora of vessel types like cruisers, sailing, motor yachts, and sport fishers.

IGY is a participant in 10 of the world’s biggest fishing tournaments, making some of their marina locations highly desired. Their locations are renowned for their levels of service. IGY’s service division has a wide variety portfolio that provides solutions for each and every owner including accounting, insurance, development, branding and marketing, and design and engineering. The company even has in-house staff members with the expertise to help their clients.

They approach every situation as if they are owners themselves. IGY has a complete understanding in managing local relationships and logistics. IGY is an affiliate of Island Capital Group, LLC.