Tierra Verde Resort & Marina Purchased By Investors

Tierra Verde Resort and MarinaAn investment group has purchased the Tierra Verde Resort. The 50-year-old property features boat slips, a restaurant, and the former Tierra Verde Yacht & Tennis Resort timeshare and hotel buildings. The marina portion features 114 wet slips and 151 high-and-dry slips. The new marina business model will focus exclusively on rentals. The group rebranded the facility as the Tierra Verde Marina Resort. The investors plan to demolish the existing structures, except for the high-and-dry building. It then plans to develop a second 151-slip high-and-dry building and a 10,000-square-foot restaurant building. The investor group already owns four marinas on the Gulf Coast and hopes to acquire several more in the region in the near future.

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