SUTL Enterprise Limited (“SUTL Enterprise”, the “Company” or together with its subsidiaries the “Group”), a leading marina developer, operator, and consultant and owner of the ONE°15 brand, has secured its second management contract in China for an upcoming integrated marina, which will be located at Sanshan Island in Taihu Lake, Suzhou (the “Project”).
The contract is for a period of 10 years and is awarded by Suzhou Taihu SanShan Island Marina Development Company Pte. Ltd. (苏州太湖三山岛游艇发展有限公司) (“STSIM”), which is the master developer for the Project and holds the land and water rights for the to-be built waterfront development. The Project will comprise a private marina, yacht membership club and marina facilities. Plans for the clubhouse include food and beverage and recreational amenities, hotel accommodations, lifestyle stores, spa, fitness centre, chandlery and service related businesses.
Located just 45km from Suzhou City Centre and easily accessible by car and a short ferry ride, the new marina on Sanshan Island will carry SUTL Enterprise’s ONE°15 brand. The Group will be involved in the conceptualization, design and specifications and pre-opening management of the marina. Post-opening, it will manage the day-to-day operations of the marina, the facilities at the marina, as well as club membership sale and related matters.
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