Harbor Lights, a 70-acre leisure and hospitality property overlooking Narragansett Bay just south of Providence, Rhode Island, has been sold in an off-market transaction. The buyer and sale price were not disclosed.
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The Colliers Leisure Property Advisors team, led by Andrew Cantor, Dan Grovatt and Matt Putnam, represented the seller, Monument Marine Group, while SVN Marinas represented the buyer. Monument Marine Group acquired Harbor Lights in 2023 as part of its focus on marine industry investments.
“Since purchasing this marina, Monument has refined its growth strategy and asset targets, leading to a decision to divest. Selling this property is a part of that larger strategy and will allow Monument to reinvest in properties located within its target markets,” said Cantor, senior vice president at Colliers and a founding partner of the Leisure Property Advisors team.
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Harbor Lights includes 208 boat slips, a nine-hole golf course, an infinity pool and a 15,394 square foot clubhouse. The clubhouse provides event space for up to 250 guests and a 100-seat restaurant. Its location at the mouth of Warwick Cove provides direct access to Narragansett Bay.
“Harbor Lights is a great facility with tremendous potential for hosting large events in a unique setting. The acquisition of Harbor Lights will expand the buyer’s marina and event footprint in New England and provide multiple revenue streams,” Cantor added.
