MMG Acquires Coles Point Marina, Partners with Oasis Marinas to Create First-class Marina Experience
ANNAPOLIS, MD., January 26, 2022 – Monument Marine Group (“MMG”), a Baltimore-based investment firm focused on opportunities within the marine industry, acquired Coles Point Marina, to further expand their marine management footprint and deliver a rich experience to the boating and RV community.
MMG will invest significantly into the asset, enhancing the existing amenities while adding new experiential offerings and lodging options. MMG has chosen Oasis Marinas to manage the operations at Coles Point Marina and RV Resort, in Hague, Virginia. The Oasis team is familiar with the property, after having managed the property prior to MMG ownership. Coles Point is a significant addition back to the portfolio, with its numerous resort amenities and campground complex, allowing Oasis to bring its exceptional service and hospitality to the RV space.
“Coles Point is a perfect addition to our rapidly growing portfolio, bolstered by its Chesapeake location and expansive grounds. We look forward to the future of the property as we initiate capital plans to provide a best-in-class experience for current and new customers” – Monument Marine Group.
Situated on the Potomac River, just two hours south of Washington, D.C., Coles Point is a favorite destination among boaters, outdoorsmen, and travelers alike. This unique marina is a one-of-a-kind facility, nestled among 388 acres, 145 slips both fixed and floating docks, accommodating vessels up to 70 feet in length, and 118 RV pads. Coles Point Marina and RV Resort has a fuel dock, swimming pool, private beach, boat ramp, on-site restaurant, tiki bar, and health club. Guests will also be able to access the property’s laundry and shower facilities, snack shop, boater’s lounge, bait and tackle and boat service options. Meanwhile, the RV campground offers guests annual cottages to rent. With almost everything on the premises, visitors will feel right at home!
“We are thrilled to be running the operational management of this amazing property that has been a staple within the boater and camping community. Alongside Monument’s investment and stewardship, we look forward to delivering a remarkable experience!” – Oasis Marinas Founder and CEO, Dan Cowens.
For more information regarding Coles Point Marina and RV Resort please contact firstname.lastname@example.org.
About Monument Marine Group Monument Marine Group is a Baltimore-based firm focused on investment opportunities in the marine industry across the United States and Caribbean. Our team is a collection of life-long boaters who grew up sailing and boating with our families in the Chesapeake Bay. We are passionate about creating unique experiences both on-and-off the water that promote recreational boating, community building, and sustainability. Monument Marine Group was established with the singular purpose of partnering with marina owners, municipalities, and developers who are seeking liquidity through the sale of their marina or are seeking growth capital to expand and/or optimize current operations.
Our vision is to build a collection of best-in-class marinas across the United States and Caribbean that deliver unparallel customer experiences on-and-off the water. Learn more about us at https://www.monumentmarinegroup.com/
About Oasis Marinas Oasis Marinas was founded by a group of boaters with executive expertise in hospitality, marketing, and technology, dedicated to creating a high-quality experience. The Oasis Marinas portfolio is closing in on nearly 50 amazing properties, over 7,500 wet & dry slips under management, and hundreds of RV pads, spanning the Northeast, the Chesapeake Bay, Carolinas, Lake Erie, and down to the coast of Florida. With its customers’ needs in mind, it has significantly expanded its reach over the past two years, from South Florida, all the way up the East Coast.
A privately held marina management company, Oasis Marinas is based out of Annapolis, MD. The company provides marina management services to marina owners that support all aspects of the marina, including boat slips, provisions, fuel docks, and the associated contracts with the vendors running the maintenance services, restaurants, and other business services such as marina redevelopment and construction. Oasis’ mission is to incorporate a consistent, fun, welcoming, and well-maintained environment in every Oasis-managed marina. Learn more about us at http://www.oasismarinas.com.