Brandy Marine, Inc., a leading international waterfront development, marina management and consulting company, has announced a major expansion of its capabilities and the affiliation of H. John Landry as a principal. The company, headed by President Bruce H. Blomgren, has a 20-year track record in enhancing marinas' potential and profitability by applying sophisticated finance and management practices. The expansion adds marina brokerage and investment capabilities, positioning the company to become a joint venture partner in |
Brandy Marine Announces Expansion: New Principal, Services Capitalize on Industry Opportunities |
firm is now a "single-source problem solver" for marina owners, developers and buyers. Landry, also a principal of The Premier-Nelson Group, Inc. of Orlando, is a senior real estate executive responsible for more than a half-billion dollars in transactions. He will guide Brandy Marine's growth in marina real estate brokerage and investment management. He draws on experience as CEO of private and publicly owned companies active in all aspects of commercial real estate and marina acquisition, divestiture, asset management and syndication. |
| Industry Crossroads Spurring the Brandy Marine expansion are the opportunities in today's marina industry, which Blomgren said is at a crossroads. "With over 80 percent of the nation's 10,000 marinas still independently owned, the opportunities to improve profitability with a sophisticated, disciplined approach are tremendous. Many properties are underperforming, and the industry has resisted consolidation. As a result, marina properties have lagged behind other real estate categories, |
in terms of both income production and property appreciation. They have yet to capture the full attention of institutional investors. "Brandy's comprehensive range of services can significantly boos a property's performance, enhance its value, and better position it for sale or long-term maximal operation," Blomgren explained. "Owners around the nation are only beginning to understand the potential for improvement from project planning, and from adding profit centers through management and maintenance. In addition to |
providing the consulting and fee management services that are Brandy hallmarks, we can now take an equity position to drive higher performance in select waterfront properties." Blomgren has been a pioneer in value-added marina development and operations services. A successful entrepreneur, speaker and consultant, he has spent more than 20 years in the field throughout the United States and the Caribbean. As the founder of Brandy Marine, he established America's first "chain" of yacht marinas, in addition to providing international waterfront development consulting services. |
| Brandy Marine offers a comprehensive range of services including panning, research and analysis, financial and funding assistance, permitting consultation, strategic planning and management for new waterfront developments. It also has a successful history in maximizing the value of existing marina and waterfront properties, with services that include appraisal, financial and operational analysis. The company has particular experience in developing and executing marina marketing programs, and in the hands-on | management of marina operations of all sizes. Brandy Marina is also a licensed real estate broker, offering acquisition and property disposition experience. Founded in 1977 as a charter company, Brandy Marine added marina management services in 1979. It has since provided management and consulting services to marina owners and operators in major resort and commercial markets throughout the United States, Mexico, the Dominican Republic and the U.S. Virgin Islands. |