Grand Caribbean Marinas
Regulated Marine Infrastructure in Supply-Constrained Coastal Locations
What It Is
Bacalia's platform for regulated coastal marina infrastructure in the Caribbean — not hospitality real estate.
Grand Caribbean Marinas, the largest marina owner and operator in the Caribbean, with six facilities in Puerto Rico.
What We Focus On
- Naturally protected, deep-water locations
- Structural berth scarcity
- Long-duration concessions or tenure
- Embedded public and safety functions
How We Underwrite
Location durability over cycle sensitivity; regulatory continuity over yield; conservative leverage, downside protection, and stewardship. Irreplaceability over utilization.
What It Is Not
- Not hospitality-led
- Not speculative coastal real estate
- Not turnover-driven
Why It Fits Bacalia
Marinas combine infrastructure traits, long asset lives, and structural scarcity — a natural fit for patient, principal capital.