News Summary
Harbor Lights Marina and Golf Course in Warwick, Rhode Island, has been sold to a new owner, marking a significant transition in its history. Previously owned by a governor’s family, the property, featuring extensive waterfront beauty and various recreational facilities, is poised for new developments under Monument Marine Group’s management. While the sale excites many, local boaters express concerns over potential price hikes as more marinas fall into larger corporate hands. Job security for existing employees has been assured, promising continuity for this cherished local landmark.
Exciting Changes at Harbor Lights Marina and Golf Course in Warwick!
Warwick, Rhode Island, is buzzing with excitement as the beloved Harbor Lights Marina and Golf Course has officially been sold to a mysterious buyer! While the identity of the new owner and the details about the sale price remain under wraps, the transition marks a significant chapter in the history of this stunning waterfront property.
A Rich History with a New Chapter
Previously owned by the family of Philip Noel, a former governor of Rhode Island, the property was sold in 2023 to Monument Marine Group. Now, with this latest sale, the Marina, which boasts a sprawling 70 acres of waterfront beauty in Warwick Neck, is set to embark on an exciting new journey. Harbor Lights is not just known for its picturesque views but also for its amazing facilities. With 208 boat slips, a charming nine-hole golf course designed by the renowned architect Geoffrey S. Cornish and opened for play in 1965, an infinity pool for those hot summer days, a clubhouse, and a restaurant for special events, it’s easy to see why this location has been a local favorite.
A Shift in Ownership Strategy
Andrew Cantor, a senior vice president at Colliers, mentioned that this sale aligns perfectly with Monument Marine’s strategy for growth and reinvestment in crucial markets. Colliers played a pivotal role in representing Monument Marine during this sale, while the unnamed buyer was represented by SVN Marinas, a specialized marine real estate firm from Florida. The acquisition aims to expand the buyer’s marina and event footprint across New England, opening avenues for multiple revenue streams.
Concerns in the Boating Community
Despite the excitement surrounding the sale, there are ripples of concern within the local boating community. As more Rhode Island marinas are sold to larger corporations, worries about rising prices for boaters have surfaced. This trend is becoming increasingly apparent; just recently, Blackstone acquired Safe Harbor Marinas, which has now overtaken 14 Rhode Island marinas in merely three years. This raises valid questions regarding monopolistic practices within the boating sector.
City records have evaluated Harbor Lights’ property value at over $3 million as of 2022, which highlights the property’s significance in the region. The acquisition of Harbor Lights is Monument Marine Group’s largest and most diverse addition to their portfolio, pointing toward an exciting future for the property.
What’s Next for Harbor Lights?
As part of the new management strategy, Monument Marine has partnered with Oasis Marinas to oversee the operations at Harbor Lights Marina. This partnership is expected to enhance the dining and social experiences offered at the marina, while also building on the rich legacy of the Noel family. It’s important to note that the marina currently employs around 100 workers, and all of them will be retained with the new ownership, ensuring job security for the dedicated staff who make Harbor Lights a lovely place.
In Summary
The sale of Harbor Lights Marina and Golf Course heralds an exciting new chapter for this cherished Rhode Island landmark. With its beautiful waterfront location and array of facilities, there’s no doubt that it will continue to be a beloved destination for locals and visitors alike. As changes come to the marina and golf course, the community will eagerly watch to see how this iconic property evolves in the hands of its new, secretive owners. Keep your eyes peeled for all the exciting happenings ahead!
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Additional Resources
- Providence Journal: Harbor Lights Marina Sold
- Providence Journal: Safe Harbor Sold to Blackstone
- Warwick Online: Noel Family Legacy
- GoLocalProv: Waterfront Restaurant for Sale
- Providence Business News: Monument Marine Group Acquires Harbor Lights
- Wikipedia: Rhode Island
- Google Search: Marina Ownership Trends
- Google Scholar: Marina Management
- Encyclopedia Britannica: Marina
- Google News: Harbor Lights Marina
Author: STAFF HERE PROVIDENCE WRITER
PROVIDENCE STAFF WRITER The PROVIDENCE STAFF WRITER represents the experienced team at HEREProvidence.com, your go-to source for actionable local news and information in Providence, Providence County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as WaterFire, Rhode Island International Film Festival, and Rhode Island Comic Con. Our coverage extends to key organizations like the Greater Providence Chamber of Commerce and Providence Warwick Convention & Visitors Bureau, plus leading businesses in finance and manufacturing that power the local economy such as Citizens Financial Group and Textron. As part of the broader HERE network, we provide comprehensive, credible insights into Rhode Island's dynamic landscape.
