MarineMax, Inc. (NYSE: HZO) has made waves in the world of luxury yachting and marina operations by announcing a significant partnership with IGY Marinas, marking the latter as the appointed marina operator for the Wynn Al Marjan Island Marina in the picturesque Ras Al Khaimah, United Arab Emirates. This partnership not only signifies IGY Marinas’ second venture in the Middle East but also highlights the company’s strategy to enhance its luxury marina network across the globe.
Delving into the details, IGY Marinas has been engaged by Wynn Resorts to provide a comprehensive suite of advisory services covering the marina’s design, development, and operational management. This collaboration between Wynn Resorts, IGY, and Marina Solutions International (MSI) sets the stage for the Wynn Al Marjan Island Marina to evolve into a premier yachting destination that caters to a discerning clientele.
Wynn Al Marjan Island is poised to redefine luxury in the UAE with its vision as an integrated resort that boasts 1,530 opulent guest rooms and suites. Complemented by a plethora of entertainment and leisure amenities, the resort will house a world-class marina managed by IGY Marinas. This facility is specifically designed to accommodate both leisure craft and superyachts, ensuring a level of service that meets the high expectations of its guests.
Steve English, CEO of IGY Marinas, expressed his enthusiasm regarding this project: “Our involvement in the Wynn Al Marjan Island project represents a significant milestone for IGY Marinas. We are excited to build on our existing presence in marina management in the Middle East and contribute to the creation of a world-class destination for yachting and gaming enthusiasts.” His comments encapsulate not just the excitement but the vision behind transforming the marina into a hub for luxury experiences.
The marina will feature 101 thoughtfully designed berths, capable of accommodating yachts up to an impressive 85 meters. This design not only prioritizes functionality but also ensures adherence to the highest international engineering standards. With state-of-the-art berthing technology and superior marine services in place, the marina will cater to an elevated standard of ultra-luxury waterfront experiences.
Marina Solutions International (MSI) has been an integral player in this project, having worked closely with Wynn Resorts since its feasibility stage. James Beaver, a Director at MSI, noted: “Our involvement has been to provide extensive feasibility studies, establish market positions, and deliver conceptual and detailed marina designs. We’re excited to support Wynn and assist in selecting IGY as the world-class operator. This marina is a massive opportunity for Ras Al Khaimah to establish itself as a leading yachting destination.”
The Vision Behind Wynn Al Marjan Island
Wynn Al Marjan Island aims to be the first integrated resort offering in the UAE, scheduled to open its doors in 2027. This ambitious venture is strategically positioned just 50 minutes from Dubai International Airport, making it an accessible getaway for luxury travelers. The development is a collaborative effort between Wynn Resorts and local partners, Marjan and RAK Hospitality Holding, aiming to set a new benchmark for luxury in the region.
Complementing its lavish accommodations, the resort will feature 22 restaurants, lounges, and bars, alongside a theater, nightclub, and beach club that seamlessly blend into the stunning backdrop of the Arabian Gulf. Guests can expect multiple swimming pools, exotic landscaping, a five-star spa, and luxurious private cabanas — all within a setting designed for ultimate relaxation and indulgence.
An impressive shopping promenade spanning 15,000 square meters will house the world’s most sought-after luxury boutiques, while a dedicated meetings and events center of 7,500 square meters promises to attract business tourists as well. Ras Al Khaimah has recently emerged as a favored tourism destination, thanks to its stunning coastline, adventurous outdoor offerings, and rich cultural heritage. In 2024, Ras Al Khaimah Tourism Development Authority (RAKTDA) celebrated its strongest year yet, welcoming an impressive 1.28 million visitors — a clear indicator of its growing appeal.
About MarineMax
MarineMax stands as the globe’s leading recreational boat and yacht retailer, with an expansive network comprising over 120 locations worldwide, including more than 70 dealerships and 65 marinas and storage facilities. The integrated model of MarineMax includes IGY Marinas, which operates luxury markets in prime yachting and sport fishing destinations. Their portfolio also features Fraser Yachts Group and Northrop & Johnson, recognized leaders in superyacht brokerage and luxury yacht services. Moreover, they offer a variety of digital technologies that enhance the boating experience, connecting customers to a network of preferred professionals.
About IGY Marinas
IGY Marinas has distinguished itself by setting the gold standard in nautical tourism through its impressive lineup of marina destinations. Their portfolio spans 24 marinas across 14 countries, accommodating more than 10,000 annual visitors. This network caters to various vessel types and is a favored stop for many of the world’s largest yachts. IGY’s exclusive Trident Club elevates the standard of superyacht services, offering members an array of benefits and guaranteed dockage. As part of MarineMax, IGY Marinas enjoys the advantages that come with being affiliated with a leader in the recreational marine industry.
About Wynn Resorts
Wynn Resorts, Limited, traded on the Nasdaq Global Select Market under the symbol WYNN, holds a prestigious position in the S&P 500 Index and is known for its luxury casino and resort destinations, including Wynn Las Vegas and Encore Boston Harbor. The company’s commitment to innovation and luxury makes it a pivotal player in the hospitality industry and a fitting partner for IGY Marinas in this groundbreaking project.
Forward-Looking Statement
This announcement includes forward-looking statements under the Private Securities Litigation Reform Act of 1995. These projections reflect current expectations, forecasts, risks, and uncertainties that may deviate from actual results. Factors influencing these statements include market conditions and economic factors, along with the company’s operational effectiveness and strategic objectives. For further details, risks, and factors that could affect outcomes, stakeholders are encouraged to refer to the company’s filings with the Securities and Exchange Commission.
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