• The San Juan Daily Star

Dallas-based marina operator acquires Puerto del Rey in Fajardo

By The Star Staff

Safe Harbor Marinas, a Dallas-based marina operator, has acquired Puerto del Rey in Fajardo.

The transaction closed on Wednesday, according to a statement.

“We are very excited to welcome Puerto del Rey to Safe Harbor,” said Jason Hogg, chief investment officer of Safe Harbor Marinas. “The local team and the property are both truly exceptional.”

The statement did not provide a dollar amount for the transaction.

Puerto del Rey is a 140-acre facility located in Fajardo, regarded by boaters as a gateway to the Caribbean islands. The property currently has wet slips that can accommodate about 1,000 vessels and dry stack facilities that can accommodate another 750 vessels.

“This asset will be a wonderful destination for our boaters in the Atlantic,” Hogg said.

“It comes about two weeks after our addition of Sunroad Marina [in San Diego] to the Safe Harbor network in the Pacific,” he added. “It is wonderful to be able to continue to expand our network for boaters on both coasts with world class destinations.”

Through the years, the Fajardo marina has invested in its infrastructure. Earlier this year, officials announced upgrades to protect vessels during hurricane season, including upgrades to the breakwater and concrete piers, and the down area.

Puerto del Rey also has a 1,500-kilowatt generator allowing it to be the only marina in Puerto Rico to offer all its customers a reliable power source after a storm.

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