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FE Partners purchased Sequoia after a protracted litigation with The Sequoia Presidential Yacht Group, the former owner who believed Sequoia to be worth significantly more than the $7.8 million purchase price and filed a January 2013 lawsuit against FE Partners to block the sale. As part of a loan agreement, the former owner had provided FE ...
A yacht broker is a specialist who serves yacht or boat sellers and/or buyers as a representative for the sale or purchase of a yacht or boat. The yacht broker is paid an agreed commission by the seller to market the yacht for sale, field interest and inquiries from buyers, handle negotiations, attend inspection and water trial and ultimately, if successful, to attend delivery.
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A bareboat yacht charter (in the leisure industry, the term "demise charter" is not used) is the short-term hire for only a few weeks or even less. The owner supplies the yacht in seaworthy order, and it is fully fuelled and possibly revictualled. The yacht may be part of a holiday flotilla and is sometimes crewed by an employee of the owner.
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Yacht chartering is the practice of renting, or chartering, a sailboat or motor yacht and traveling to various coastal or island destinations. There are three main kinds of charter: bareboat, skippered and crewed. Bareboat charters require the client to skipper the boat themselves, while skippered charters include both boat and a professional ...
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The HYC was founded in 1897. [3] Originally called the Houston Yacht & Powerboat Club, [4] [5] its name was changed to Houston Yacht Club in 1927, when its current Spanish-style clubhouse was built, [6] [7] which has been declared an historic landmark in the Galveston Bay area of the Gulf Coast.
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