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📄 Extracted Text (608 words)
To: Cecile de Jongh Jeanne Brennan
From: Jeffrey Epstein
Sent Tue 5/28/2013 8:23:33 PM
Island Global Yachting (IGY), one of the world's premier owners, developers and managers of
luxury marinas and yachting lifestyle destinations, announced that it has closed on its acquisition
of Sun Resorts International (SRI) and its subsidiary Sun Resorts Management (SRM). SRI and
SRM own and manage many of the top marinas in North America.
"We arc pleased to bring the marinas of Sun Resorts International into the global collection of
IGY," said Andrew L. Farkas, CEO of Island Global Yachting. "The strategic positioning of these
properties in the Caribbean definitely complements our existing assets and affords us even greater
opportunities to serve our yachting clientele. With this addition, boaters can travel throughout the
region from St. Lucia, through the Dutch Antilles, into the British Virgin Islands, and on to St.
Thomas and always have the premier experience of an IGY marina."
IGY developments are not only enhancing and revitalizing their local areas, but the network of
properties is setting new standards for service and quality at marinas across the globe. IGY's
signature marina, Yacht Haven Grande, has just opened in St. Thomas, USVI and can
accommodate yachts ranging in size from 60 to 500 feet. Its facilities are considered by the
industry to be the most technologically advanced and are complemented by its upland
development of world-class shopping, restaurants, entertainment and recreational amenities, as
well as residential units. Since its opening, the marina has attracted some of the world's most
spectacular private yachts.
Charles Garner, president of IGY, said, "Bringing the Sun Resorts' team and its portfolio of
properties into the IGY family not only gives us the leading position throughout the Caribbean,
but also adds dynamic leadership across the company. With now over 5,000 slips, existing or in
development, and another 36,000 being planned, we arc one of the largest managers and
developers of berths in the world."
Through its acquisition of SRM, IGY has now assumed management of an additional 11 marinas
- seven in Texas and four in the Caribbean. The Caribbean facilities are: American Yacht
Harbor, St. Thomas, USVI; Simpson Bay Yacht Club, St. Maarten, NA; Virgin Gorda Yacht
Harbor, Virgin Gorda, BVI; and Village Cay Marina, Tortola, BVI.Iffe part of the transaction,
1GY America-Tat Harbor iii "Mall and all of SRI's interest in the three
other Caribbean facilities. The Sun Resorts acquisition adds 442 more berths to IGY's Caribbean
offerings alone.
ABOUT ISLAND GLOBAL YACHTING From the islands of the Caribbean to azure waters of
the Arabian Gulf and other beautiful yachting destinations around the world, IGY is redefining the
very idea of luxury marina experiences. Founded in 2005 by Andrew L. Farkas, IGY focuses on
acquiring, controlling and/or servicing luxury-yacht marinas and the surrounding upland real
estate properties. Island Global Yachting marinas operate under the signature Yacht Haven
Grande collection and the IGY series brands, as well as several private labels. Headquartered in
Fort Lauderdale, Florida, IGY also has offices in New York, NY; St. Thomas, USVI; and Dubai,
UAE. For more information, please visit www.igyma
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EFTA01973433
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