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Savannah Superyacht Facility That Provides Tax Breaks to Yacht Owners Trades for $100 Million

Colonial Group Sells Repair, Storage Business on Georgia Coast After Six Years
Superyachts, such as this 378-footer docked at Island Gardens Marina in Miami, are typically 80 feet and longer in size. (Bloomberg via Getty Images)
Superyachts, such as this 378-footer docked at Island Gardens Marina in Miami, are typically 80 feet and longer in size. (Bloomberg via Getty Images)
CoStar News
April 11, 2023 | 3:33 P.M.

A repair center for superyachts in Savannah, Georgia, that provides special tax breaks to yacht owners fetched $100 million in a sale to a marina company.

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