Farkas’s IGY Expanding in Latin America

IGY Marinas announced its expansion in Latin America with the acquisition of Golfito Marina Village, a 50-slip facility in Costa Rica.

The marina is owned by Hacienda El Dorado S.A. and will join IGY’s three other Latin American marinas: Marina Cabo San Lucas in Mexico, Red Frog Beach Island Marina in Panama, and Marina Santa Marta in Colombia. On November 1, 2017, IGY will take over all marina operations, management, and branding initiatives.

The marina is one of the only private, natural deep-water marinas in the world, and can accommodate vessels of up to 500 feet. Golfito itself is a historic Costa Rican town adjacent to government-protected rainforests and beaches.

Those docking in Golfito will have access to IGY’s large vessel support network, the IGY Anchor Club Strategic Partners, which offers provisioning, crew training, emergency health service, and multiple other services. Golfito Marina Village also partners with a leading yacht transport company to ensure high-quality transportation services. The marina is the only approved drop-off and pick-up zone for yacht transportation ships on the west coast of Central and South America.

IGY’s future plans for the marina include and expansion of an additional 135 slips and a full-service yard. The surrounding area houses around 25 retailers, an open-air spa, and a luxury hotel that is slated to open within the next two years.

Island Global Yachting was funded and developed by Andrew Farkas, who currently serves as its chairman. Farkas is involved in IGY’s capital-raising, acquisition and operating efforts. IGY’s portfolio includes 18 marinas in 9 countries, that service more than 8,000 unique vessels and approximately 100,000 customers each year.