IGY Marinas Appointed Marina Operator at Wynn Al Marjan Island Marina

Business Wire

2 days ago

OLDSMAR, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO), the world's largest recreational boat and yacht retailer, marina operator and superyacht services company, today announced that IGY Marinas ('IGY') has been appointed as the marina operator for Wynn Al Marjan Island Marina in Ras Al Khaimah, United Arab Emirates. This marks the second IGY Marina destination in the Middle East and underscores the company's commitment to expanding its luxury marina network to key destinations globally.
IGY Marinas has been engaged by Wynn Resorts to advise on the marina's design and development, offering pre-opening advisory services, followed by post-opening management and marketing services. Through a strategic collaboration between Wynn Resorts, IGY, and Marina Solutions International (MSI), Wynn Al Marjan Island Marina is expected to become an iconic yachting destination within the region.
Wynn Al Marjan Island will be a premier integrated resort, featuring 1,530 opulent rooms and suites, and a host of entertainment and leisure amenities. IGY Marinas will manage a world-class marina at the resort, designed to accommodate leisure craft and superyachts, offering unparalleled services to guests.
Steve English, CEO of IGY Marinas, commented: "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."
The marina basin will feature 101 berths, accommodating yachts up to 85 meters length overall, to ensure optimal berthing for superyachts and luxury vessels. Engineered to the highest international standards, the marina will offer cutting-edge berthing technology, and superior marine services to cater to the growing demand for ultra-luxury waterfront experiences.
Marina Solutions International (MSI) has been involved throughout the project since the feasibility stage and designed the 101-berth superyacht marina.
James Beaver, Director at Marina Solutions International (MSI) commented: 'MSI has been working closely with Wynn Resorts on the Al Marjan Island Marina project since 2022. Our involvement from the start has been to provide an extensive feasibility study for the marina, establish its market position, provide conceptual and detailed marina designs and operational consultancy. We're delighted that we could support Wynn and assist in the process of selecting a world-class operator in IGY. This marina is a huge opportunity for the Emirate of Ras Al Khaimah to establish itself as a yachting destination. We look forward to the continued development of the marina and, once open, to seeing its success unfold long into the future.'
Wynn Resorts' Vision for Wynn Al Marjan Island
Wynn Al Marjan Island will be the first integrated resort in the United Arab Emirates. Set to open in 2027, the resort will be located 50 minutes from Dubai International Airport in the Emirate of Ras Al Khaimah. Wynn Resorts is developing the project in partnership with Marjan and RAK Hospitality Holding, creating a new category of luxury in the region. The resort will offer 1,530 rooms and well-appointed suites, as well as 22 restaurants, lounges, and bars, a theater, a nightclub, and a beach club adjacent to the Arabian Gulf.
In addition, Wynn Al Marjan Island will feature multiple swimming and wading pools, water features, private cabanas, and tropical landscaping, a five-star spa, and a salon. The resort will have its own marina with 101 berths to accommodate luxury yachts. The resort will also include a 15,000-square-meter shopping promenade filled with the world's top luxury boutiques, and a 7,500-square-meter meetings and events center. Ras Al Khaimah is emerging as one of the UAE's most exciting tourism destinations, known for its stunning coastline, outdoor adventure offerings, and cultural heritage. Building on a track record of remarkable achievements, Ras Al Khaimah Tourism Development Authority (RAKTDA) reported in 2024 its strongest year ever, welcoming a record-high 1.28 million overnight arrivals in 2024. This success is a testament to the Emirate's strategic and sustainable growth vision to attract over 3.5 million annual visitors by 2030.
About MarineMax
As the world's largest recreational boat and yacht retailer, marina operator and superyacht services company, MarineMax (NYSE: HZO) is United by Water. We have over 120 locations worldwide, including over 70 dealerships and 65 marina and storage facilities. Our integrated business includes IGY Marinas, which operates luxury marinas in yachting and sport fishing destinations around the world; Fraser Yachts Group and Northrop & Johnson, leading superyacht brokerage and luxury yacht services companies; Cruisers Yachts, one of the world's premier manufacturers of premium sport yachts, motor yachts, and Aviara luxury dayboats; and Intrepid Powerboats, a premier manufacturer of powerboats. To enhance and simplify the customer experience, we provide financing and insurance services as well as leading digital technology products that connect boaters to a network of preferred marinas, dealers, and marine professionals through Boatyard and Boatzon. In addition, we operate MarineMax Vacations in Tortola, British Virgin Islands, which offers our charter vacation guests the luxury boating adventures of a lifetime. Land comprises 29% of the earth's surface. We're focused on the other 71%. Learn more at www.marinemax.com.
About IGY Marinas
IGY's worldwide network of marina destinations sets industry-leading standards for service and quality in nautical tourism. IGY is the only global portfolio of premium yachting destinations, serving over 10,000 annual customers at 24 marinas across 14 countries. IGY's unprecedented collection of marinas spans the Americas, Europe, and Middle East, serves a variety of vessel types, and is the favored port for many of the world's largest yachts. IGY's Trident Club further elevates superyacht services as a groundbreaking invitation-only membership club for yachts with valuable benefits such as guaranteed dockage. As a subsidiary of MarineMax (NYSE: HZO), IGY Marinas benefits from its affiliation with a recreational marine industry leader whose businesses also include Fraser Yachts and Northrop & Johnson. Discover IGY Marinas' network at www.igymarinas.com and IGY Trident Club at www.igytrident.com.
About WYNN RESORTS
Wynn Resorts, Limited is traded on the Nasdaq Global Select Market under the ticker symbol WYNN and is part of the S&P 500 Index. Wynn Resorts owns and operates Wynn Las Vegas (wynnlasvegas.com), Encore Boston Harbor (encorebostonharbor.com), Wynn Macau (wynnmacau.com), and Wynn Palace, Cotai (wynnpalace.com).
Forward Looking Statement
Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. These statements, including those related to the selection of IGY Marinas as the marina operator for the Wynn Al Marjan Island Marina, are based on current expectations, forecasts, risks, uncertainties, and assumptions that may cause actual results to differ materially from expectations as of the date of this release. These risks, assumptions, and uncertainties include the return to normal operations of the Company's locations, the timing of and potential outcome of the Company's long-term improvement plan, the estimated impact resulting from the Company's cost-reduction initiatives, the Company's abilities to reduce inventory, manage expenses and accomplish its goals and strategies, the quality of the new product offerings from the Company's manufacturing partners, the performance and integration of the recently acquired businesses, general economic conditions, as well as those within the Company's industry, the liquidity and strength of our bank group partners, the level of consumer spending, and numerous other factors identified in the Company's Form 10-K for the fiscal year ended September 30, 2024 and other filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.