Charleston, S.C.-based Atlantic Marina Holdings has bought the Tierra Verde Marina Resort in south Pinellas County for $22.5 million.
The resort, once a ’60s-era getaway for Frank Sinatra, Liberace and other celebrities, fell into disrepair and sat vacant for years but has been redeveloped with a new pool, tiki bar, restaurant and marina with 400 dry slips and 115 wet slips. More boat slips and a boutique hotel are planned.
The buyer, Atlantic Marina Holdings, also owns marinas in Fort Lauderdale and Palm Beach Gardens.
About Atlantic Marina Holdings, LLC
Atlantic Marina Holdings, headquartered in Charleston, SC, is an industry leader in the acquisition, development, re-development, and operation of both dry and wet slip marinas. Since its inception, AMH has acquired, re-developed, and managed a portfolio of over $100 million in marina assets. AMH has expertise in all areas of the marina industry and is dedicated to providing unparalleled value and customer service on all of our projects.