IGY expands its marina management services division

The company is now actively pursuing third-party contracts to manage marinas and/or provide select professional services and consultations to nautical property owners/land holders.

Jeff Boyd, Executive Vice President of Marina Operations, IGY said:

"With an unprecedented marina network that spans the globe, outstanding brand awareness, unique capital positions and financial stability, a superior knowledge base, and a team of the top marina and hospitality professionals, IGY offers tremendous value for any marina owner. The benefits are countless, we can provide seamless integration into our established business model improving efficiencies and maximising revenues in order to operate a marina at its fullest potential."

The company offers a complete portfolio of management services for any marina owner's needs, from operations & service to branding & marketing to accounting, insurance, development, design and engineering, with in-house professionals available to assist clients. As owners themselves, IGY approaches every project from an owner's perspective in order to maximise revenues, ROI and customer experience. Operating in diverse marketplaces, IGY also has a full understanding of and expertise in managing local relationships and cultural/political logistics including areas such as: Human Resources, Litigation, Currency Management, etc.

With this initiative, IGY is also expanding its management role beyond its current brand structure and will now be available to offer its services to practically any marina.

Jeff Boyd continued, "With our IGY and Yacht Haven Grande brands, we have an exacting standard of quality, service and participation in which a marina much uphold and adhere to in order to be considered part of those collections. Although many marinas may not fall into those categories, they are still outstanding assets that would benefit greatly from our professional guidance and economies of scale. With our new marina management division, we are able to open the availability of IGY's expertise and to assist any owner in realizing their marina's potential. As well, we are also able to now assist lenders and private equity firms to manage distressed assets which they may have acquired during these recent economic challenges within the capital markets."

IGY opened its Dubai office in 2006 and soon after opened Festival Marina in Dubai at Al Futtaim's Dubai Festival City. The luxury Anchor Marina is set to open in the first quarter of 2009 and will be the first operational marina on Palm Jumeirah.