TPG Hotels, Resorts & Marinas today announced the acquisition of Conanicut Marina and the Taylor Point Boat Yard, both located in Jamestown, RI. 

“Conanicut Marina and Taylor Point Boatyard are tremendous additions to our growing marina portfolio and are prime examples of the types of properties we seek to acquire,” said Robert Leven, Chief Investment Officer of TPG Hotels, Resorts and Marinas in a press release provided to What’s Up Newp. “TPG Marinas now has a presence on Jamestown’s east and west passages with a world class marine services facility centrally located to provide boaters with a full complement of integrated marine services.” 

According to TPG, Conanicut Marina has over 4,500 linear feet of dockage for boats up to 225 feet in length plus 150 moorings. “It is a very popular spot for both seasonal and transient boaters, and the slips operate at 100 percent occupancy. Taylor Point Boat Yard is a 5-acre site that provides high-quality service, repair, and winter storage for up to 220 boats, and serves as a private parking area for the marina”. 

“It’s been time to hand the torch off to someone else, but selling to somebody that would still be a component of the community was equally important,” said Bill Munger, prior owner and operator of the properties for more than 47 years. “It’s taken a while to boil that all down. The chemistry had to be good, and this company is primarily in the hospitality business. They (TPG) are quality people.”

Terms of the deal were not disclosed.

TPG has been an active acquirer of marinas and nautically-based hospitality assets over the past 18 months. Recent acquisitions include Dutch Harbor Boat Yard in Jamestown, RI, Champlin’s Marina and Resort on Block Island, Danfords Resort, Marina and Spa in Port Jefferson, NY, and Mill Warf Marina and Scituate Harbor Marina both located in Scituate, MA. 

TPG Hotels, Resorts & Marinas portfolio includes nearly 300 branded, independent, boutique hotels and marinas comprising more than 43,000 guestrooms in 36 states.

Ryan Belmore is the Owner and Publisher of What'sUpNewp. 
Belmore has been involved with What’sUpNewp since shortly after its launch in 2012, proudly leading it to be named Best Local News Blog in Rhode Island by Rhode Island Monthly readers in 2018, 2019, and 2020 and an honorable mention in the Common Good Awards in 2021.

Born and raised in Rhode Island, Belmore graduated from Coventry High School and the Community College of Rhode Island. In addition to living in Newport for 10 years, he has lived in Portsmouth, Coventry, Providence, Smithfield, Burrillville, and East Greenwich.

Belmore currently serves as Vice President of the Board Of Directors for Fort Adams Trust and on the Board of Directors for Potter League For Animals. He previously served on the Board of Lucy's Hearth and the Arts & Cultural Alliance for Newport County.

Belmore and his wife, Jen, currently live in Alexandria, Virginia, a move they made in 2021. Read more about that here - https://whatsupnewp.com/2021/09/letter-from-the-publisher-some-personal-news/

Belmore visits Newport every couple of weeks to support the 12+ paid contributors What'sUpNewp has on the ground across Rhode Island, a place he called home for 39 years.

Belmore is a member of Local Independent Online News (LION) Publishers, Society of Professional Journalists, and the North American Snowsports Journalists Association.

In 2020, Belmore was named Member of the Year by LION and won the Arts & Cultural Alliance of Newport County's Dominque Award.
Belmore can be contacted at ryan@whatsupnewp.com and 401-662-1653.