Salem’s Hawthorne Cove Marina Sold
October 6, 2010
Russ Vickers, owner of Hawthorne Cove Marina in Salem, Massachusetts, has sold the facility to Brewer Yacht Yards (BYY) for a reported sum of $2.3 million. BYY owns 21 marinas on the East Coast, including 1 in Plymouth, Mass. Included in the sale were assets of the Salem Water Taxi, also owned by Vickers and which maintains 120 rental moorings in Salem Harbor.
Hawthorne Cove, located on Salem’s White Street near the ferry terminal, is a 110-slip marina first established in 1964. As such, it will be one of the smaller marinas in the BYY group.