Southern Marinas Holdings announced the purchase of Sequoyah Marina, located on Norris Lake in Andersonville, Tenn.
Terms of the sale were not disclosed.
Sequoyah is about 25 miles from Knoxville, Tenn., on Norris Lake, where boaters have access to 800 miles of shoreline covering 34,000 acres of water and two state parks.
The full-service marina has a restaurant, boat rentals, a ship’s store, a private banquet room available for event rentals, a fuel dock and more than 430 wet slips for vessels up to 80 feet.
“Sequoyah Marina is truly a beautiful location with fantastic amenities and unlimited potential,” Andrew Gendron, principal and chief investment officer with Southern Marinas, said in a statement. “It is the perfect addition to Southern’s rapidly growing portfolio of premier marinas.”
The purchase is Southern Marinas third since the company’s May announcement that it had formed a strategic partnership with worldwide travel and leisure investors KSL Capital Partners.
Since that time, the company has also acquired Ocean Isle Marina in North Carolina and Elliot Bay Marina in Seattle.
