Curated News
By: NewsRamp Editorial Staff
September 04, 2025
Stella Marinas and Drake Partners Acquire Two Chesapeake Marinas
TLDR
- Stella Marinas and Drake Real Estate Partners' acquisition creates the Chesapeake's largest marina, offering boaters superior docking, dining, and marine services in a prime location.
- The joint venture combines two marinas with over 500 slips, adding a restaurant and boat dealership through partnerships with Five Star Hospitality and Rudy Marine.
- This enhanced marina destination improves the local boating community by providing comprehensive services and waterfront dining in a protected cove location.
- Boaters can now dock, dine at High Tide Grill, and shop for Jeanneau cruisers all at one premier Chesapeake Bay marina location.
Impact - Why it Matters
This acquisition significantly enhances the boating experience for Chesapeake Bay enthusiasts by creating one of the region's largest full-service marina destinations. For local boaters and visitors, it means convenient access to comprehensive services including docking, dining, refueling, and boat sales all in one protected location near major metropolitan areas. The investment signals growing confidence in waterfront real estate and recreational boating, potentially driving economic activity and property values in Edgewater while providing boaters with improved amenities and services that make maritime activities more accessible and enjoyable.
Summary
A joint venture between Stella Marinas and Drake Real Estate Partners has acquired South River Marina and Turkey Point Marina & Yacht Club, two adjacent properties on the South River in Edgewater, Maryland. This strategic consolidation creates one of the largest marinas on the Chesapeake Bay with over 500 wet slips and dry racks, offering boaters a comprehensive full-service experience including lift slip storage, marine services from experienced technicians, fuel, and dry winter storage. The centrally located facility sits just 30 minutes from Washington, D.C. and Baltimore, and only five miles from Annapolis, positioned in a protected cove with quick access to the Chesapeake Bay.
The acquisition represents a significant enhancement to the regional boating infrastructure, with Stella Marinas announcing two key partnerships to further elevate the offerings. Five Star Hospitality will open the High Tide Grill, serving casual waterfront fare, while Rudy Marine will offer Jeanneau outboard-powered cruisers and Bentley pontoon boats for sale on site. Ryan Comisky, Owner of Stella Marinas, emphasized the vision of creating "a marina destination where boaters can dock, dine, refuel, and relax — all in one place," highlighting the convenience and enjoyable boating lifestyle the combined facility provides.
David Cotterman, Co-Founder & Chief Investment Officer of Drake Real Estate Partners, expressed excitement about the partnership, noting that these investments align with Drake's value-add strategy of investing in high-quality real estate while enhancing the Edgewater boating community. The collaboration leverages Stella Marinas' expertise in waterfront assets throughout the Chesapeake Bay and Drake's track record of over $3.0 billion in transactions, focusing on operational excellence and strategic improvements that preserve each location's unique character.
Source Statement
This curated news summary relied on content disributed by 24-7 Press Release. Read the original source here, Stella Marinas and Drake Partners Acquire Two Chesapeake Marinas
