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The Fort Lauderdale International Boat Show will continue to be held at Bahia Mar Resort and Marina for the next 30 years. The location was ensured in an agreement between show owner, Marine Industries Association of South Florida (MIASF); show producers, Show Management/Informa Global Exhibitions; and Rahn Bahia Mar developers. The deal replaces the current lease, which was set to expire in 2020.
“In terms of the show’s continued success, this agreement is a critical component that gives permanency and certainty,” Phil Purcell, CEO/president of MIASF, said.
The 58th annual show is scheduled for Nov. 1-5. It is reported to have a statewide economic impact of $857 million with more than 100,000 attendees.
“We’ve made a significant investment in the Fort Lauderdale International Boat Show and we are committed to ensuring its status as the best and largest in-water boat show in the world,” Ken McAvoy, executive vice president at Informa, said in a press release. “Without the long-term guarantee of the Bahia Mar property, we simply would not be able to do that.” Informa Exhibitions, owner of the Monaco Yacht Show, bought Show Management for $133 million in March.
“The execution of a new long-term boat show lease hopefully proves our continued commitment to the city, the community and the marine industry,” said Jimmy Tate of Rahn Bahia Mar developers. “We are excited to work in a collective effort as we transform approximately 16 acres of mostly asphalt into a stunning, world-class hotel/marina/commercial and resort community with a village feel to bring back that old Florida charm.”