Douglas Elliman Inc. (NYSE: DOUG), the parent company of the luxury brokerage Douglas Elliman Realty, has expanded its business operations with the launch of Elliman Yachts.
According to the company, the new division offers yacht acquisition advisory, brokerage services and bespoke yacht charters globally through its strategic relationship with Royal Yacht International. Elliman Yachts will officially debut in conjunction with this weekend’s Palm Beach International Boat Show.
“At a time when the brokerage industry is consolidating around scale and volume, Elliman continues to differentiate through specialization, service, and expertise,” said Michael S. Liebowitz, president and CEO at Douglas Elliman Inc. “Elliman Yachts reflects how today’s ultra-high-net-worth clients actually live — across waterfront homes, global destinations, and on the water. This offering will allow us to add meaningful value in a category where guidance, discretion, and insight truly matter.”
Liebowitz added, “In addition to servicing our seafaring clients in the United States, our new yacht initiative perfectly aligns with our recent expansions into France, Monaco and St. Barths, where boating is a dominant pastime for our ultra-high-net-worth clients.”
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