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Farkas weighs anchor in St. Lucia.


ST. LUCIA Lucia

frustration causes her to murder husband. [Ital. Opera: Donizetti, Lucia di Lammermoor, Westerman, 126–127]

See : Madness
, CARIBBEAN: Island Global Yachting Ltd. (IGY) announced that its wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
, Island Global Yachting Facilities Ltd., has acquired the Rodney Bay Marina at Rodney Bay, St. Lucia.

IGY, based in New York and Fort Lauderdale, is the leading developer and operator of luxury marina facilities and yachting lifestyle destinations.

The Rodney Bay Marina currently offers 232 slips and a 4.5 acre boatyard Noun 1. boatyard - a place where boats are built or maintained or stored
place, property - any area set aside for a particular purpose; "who owns this place?"; "the president was concerned about the property across from the White House"
 in a well-protected hurricane hole. Onshore, the property offers retail and restaurant facilities, as well as a 15-acre development parcel.

Island Global Yachting has plans to invest substantially in the Rodney Bay Marina to enhance both the marina facilities and the upland amenities to a level consistent with other properties owned and managed by IGY.

These improvements will be coordinated to allow continuous operation of the marina and will not interfere with the facility's longstanding association with the famous Atlantic Rally for Cruisers The Atlantic Rally for Cruisers (ARC) is an annual transatlantic sailing competition for racer and cruiser yachts. ARC starts at the end of November in Las Palmas de Gran Canaria and ends before Christmas in the Caribbean destination Rodney Bay in Saint Lucia.  (ARC), a grueling 2,700 nautical mile voyage undertaken by more than 230 yachtsmen each year. ARC has terminated at the Rodney Bay Marina for the past 16 years.

Andrew L. Farkas, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  and founder of Island Global Yachting said: "We are excited to work with the Government and people of St. Lucia to create one of the finest luxury yachting destinations in the world."

IGY currently operates luxury and mega-yacht marinas in St. Maarten, St. Thomas, Mexico and the Middle East. IGY also is currently developing additional facilities in The Bahamas, St. Maarten, the British Virgin Islands British Virgin Islands

A British colony in the eastern Caribbean east of Puerto Rico and the U.S. Virgin Islands. Road Town, on Tortola Island, is the capital. Population: 21,700.

Noun 1.
 and Dubai among other locations.
COPYRIGHT 2007 Hagedorn Publication
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Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:NATIONAL ROUND-UP
Publication:Real Estate Weekly
Date:Jan 17, 2007
Words:252
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