Dale Hollow Marina Bought – Quimby's Cruising Guide

Dale Hollow Marina Bought

Anchor South Investments LLC, a Knoxville-based resort and marina management company, has added Dale Hollow State Park Marina to its stable of properties. The company said it bought the Burkeville, Ky., property from a private development firm and plans to invest about $750,000 to improve and expand it.

Dale Hollow State Park Marina is a 200-slip marina in the Kentucky park system. The property includes an 18-hole championship golf course, 60-room lodge and conference center, campground and public launch access on Dale Hollow Lake, which is part of the Obey River.

Anchor South CEO Mitchell Jones said the company plans to expand the marina’s ship store and boat-rental operation, and is planning other improvements.

The decision to buy the marina came after managing other properties on Dale Hollow Lake, Jones said. In 2013, Anchor South signed agreements to manage Holly Creek and Eagle Cove marinas. “But when the contracts expired, we didn’t want to renew the management agreements, so we raised about $30 million in capital and another $30 million through a debt instrument and went looking for assets to purchase,” he said.

Anchor South is in negotiations to acquire two other marina properties — one in east Tennessee and the other in Kentucky. The company owns or manages seven properties now, and Jones anticipates the total will be 12 by the end of the year.

Get more information at anchorsouthmanagement.com.

Explore More from Quimby’s

My Fun Five Picks for Your Cruiser Dad this Father’s Day!

#1 the BOTE Inflatable Hangout Chair Classic $349  If you’ve ever sat on an Adirondack chair and thought: ‘Dang, this would be cool in the water’, then the patent pending Hangout Chair is for you. Perfect for hot days when the sun is glaring and you need to keep cool while you float, the Hangout […] Read More

Press Release: YANMAR SELECTED BY LINSSEN YACHTS TO POWER ITS ENTIRE RANGE

YANMAR Marine International (YMI) proudly announces its selection by Linssen Yachts to power its new Linssen 45 SL AC 75 Edition, set to debut in May this year, ahead of being the engine of choice across its entire range. The collaboration marks a significant milestone for both esteemed companies, each boasting a rich heritage in […] Read More