Sardinia Luxury Tax on Mediterranean Yacht Charter Vessels Abolished
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GOOD NEWS: Formula 1 announced an agreement in principle to hold a race in Miami, starting in 2021.
BAD NEWS: Undoubtedly, the idea a Miami Grand Prix yacht charter seems lost, as the race will be held inland. Specifically, far from the ocean.
We were initially excited to see race organizers focusing on a circuit in downtown Miami, along Biscayne Bay. This course allows superyachts to dock or anchor close to the course, similar to the layout of the Monaco Grand Prix. Yacht charter clients and their guests watch the cars scream by from the comfort of their yacht’s sun deck.
There was considerable local opposition to holding a grand prix in downtown Miami. Residents and local business owners voiced concerns about interruptions to business caused by the construction of the race track.
Organizers then shifted their attention to building a road course on the grounds of Hard Rock Stadium – home to the NFL’s Miami Dolphins. The stadium is miles inland from the ocean – in the community of Miami Springs.
This week, Formula 1 announced an agreement has been reached with real estate mogul and Dolphins owner Stephen Ross to establish a race in Miami, with the inaugural event in 2021.:
“We are thrilled to announce that Formula One and Hard Rock Stadium have reached an agreement in principle to host the first-ever Formula One Miami Grand Prix at Hard Rock Stadium,”
F1 Miami Grand Prix
The agreement is subject to approval by Miami-Dade County.
In their statement, F1’s Sean Bratches and Tom Garfinkel, the chief executive of Hard Rock Stadium, outlined the financial benefits the race will bring to Miami.
“With an estimate annual impact of more than $400m and 35,000 room nights, the F1 Miami Grand Prix will be an economic juggernaut for South Florida each year.”
Garfinkel added to the announcement with a comment on Twitter.
“The world’s greatest racing @f1 has never been to S. Florida. Imagine people coming to this region from around the World in May. Multiple passing zones and world-class clubs and amenities. Barcelona, Monaco… Miami… make it happen.”
The agreement specifically calls for Ross to fund construction of the estimated $40 million custom track and cover all race-related expenses.
Watching the race from the deck of a yacht charter vessel is now out of the question. In spite of the location change, we are hopeful clients will still consider a Miami Grand Prix yacht charter – as a “Destination Event.”
The yachts can serve as platforms for corporate hospitality! Helicopters and private transportation in use to shuttle clients and guests to Hard Rock Stadium for the race.
The original post below………..
Formula 1 is here. Ladies and Gentlemen, start your engines. Captains, prepare to cast off!
Formula One is scouting Miami, Florida as a site for a Grand Prix race. F1, or FIA Formula One World Championship, is the foremost auto racing league. Envision Miami. First, dozens of superyachts lining the course. Second, thousands of thrilled spectators on yachts to watch see the action.
Per the Miami Herald, F1 execs met with Miami mayor and government officials in November. They discussed racing logistics for an annual event along Biscayne Bay, through downtown Miami.
Events Director for city of Miami, Vicente Betancourt, says the goal is to add Miami to the Formula 1 season in 2020. “It’s like the Super Bowl of auto racing,” said Betancourt. “Hopefully we can make it happen.”
Will the amazing Michael Buffer possibly be the announcer for a Miami Grand Prix Formula One race?
Wouldn’t you love to see professional race car drivers like Lewis Hamilton, Bottas, Vettel, Raikkonen, or Verstappen driving? High-tech Mercedes, Ferraris, Alfa Romeos, and Maseratis on the Sunny downtown Miami streets?
Equally important, what a wonderful boost for the South Florida economy. A Grand Prix Formula One race could provide corporate sponsorships from such companies as Amazon. (Jeff Bezos, graduated high school in Miami, in the same class as our company President, Jana Sheeder). Additional sponsors are lining up. For instance,
From April through November, the Formula One’s series is comprised of 20 races in cities around the world. Those cities include Singapore, Budapest, Sao Paulo, Dubai, and Monaco. There are 15 road courses and five courses laid out on city streets.
Formula 1 has new ownership (Liberty Media) and looks to expand its U.S. presence. F1 has a massive fan base across the globe; however, it lags behind other sports in the United States, like football, basketball, and NASCAR. Soccer is as popular as F1 racing. The only United States Grand Prix race is in Austin, Texas right now. Chase Carey, Liberty Media’s CEO of the Formula 1 Group, says he wants another race in America. An event in Miami, or possibly Las Vegas or New York, has been publicly discussed.
Carey wants to see F1 grab a foothold in “destination cities” like New York, Los Angeles, Miami, or Las Vegas. As a result, this would create a week-long celebration capable of attracting people from all over the world.
Jana Sheeder, President of 1-800 Yacht Charters believes Miami is a natural fit for a F1 event.
“Of all the races held annually by F1, the two premier events are staged in Monaco and Abu Dhabi,” says Sheeder. “Both locations have courses along the waterfront, and thousands of spectators enjoy the race and the festivities from the decks of dozens of luxury yachts. The Miami Grand Prix would duplicate that unique setting, as the course would pass through downtown Miami, along our beautiful waterfront area – and we have many superyachts that already make South Florida their home port.”
According to AutoGuide.com, Formula One filed on November 1st for a new trademark on a race event in Miami (as well as Las Vegas and New York). The next day, Sean Bratches, Formula One’s director of commercial operations, came to Miami, with his track engineers, and met with Mayor Francis Suarez and checked out the city streets near the downtown area, along the waterfront. Betancourt, who has been in communications with F1 since May said nothing was finalized. “We’ve got to see if it works and what it would cost them to actually bring it out. I think the ball is pretty much in their court.”
Sheeder points out the idea of a major road race and spectator yachts is not new for the city. In the 1980’s, the Miami Grand Prix was a major annual event (but not affiliated with the F1 series).
“Private luxury yacht charter vessels would line up, stern-to the seawall in the area that is now the Bayside Marketplace, and spectators would watch the race from the deck of their superyachts. In the evening, many of the yachts would host private parties for the charterers, as well as the owners, drivers, and corporate sponsors of the racing teams.”
Sheeder is optimistic a new F1 week-long race event will become a marquee attraction for South Florida.
“Assuming the financing and logistics make sense for Formula One, a corporate hospitality Miami Grand Prix yacht charter could easily rival the excitement of a Monaco Grand Prix yacht charter or an Abu Dhabi yacht charter. Yes, Monaco has the edge thanks to many decades of exposure, but Miami could make a big splash. We have the best weather, and the largest inventory of luxury yacht charter vessels anywhere in the world. Throw in the sexy appeal of nearby South Beach with world-famous hotels, restaurants, nightclubs, and celebrities, and Miami is a world-class big-event town.”
Where else can you go to an upscale event, wearing little more than sandals and a bathing suit, where the best “seat” in the house is in an on deck Jacuzzi on a private luxury yacht???
Welcome to Miami! Bienvenidos a Miami!
In conclusion, attending a Grand Prix event on a yacht is the ultimate in corporate hospitality. Come experience the excitement and glamour of Formula 1 racing in 2018.
This entry was posted in News Special Events and tagged Vicente Betancourt, Sean Bratches, yacht charter, Royal Caribbean, Abu Dhabi Grand Prix, 5th Street Gym, Mandarin Oriental, Tom Garfinkel, Celebrities Who Enjoy Yacht Charter, Carnival, Miami Grand Prix, Lewis Hamilton, Miami-Dade County, Jana Sheeder, Jeff Bezos, Ferrari, Bottas, 1800yachtcharters, The Biltmore, race teams, Vettel, Monaco Grand Prix, Romero Britto, Florida Formula One, Raikkkonen, president of 1-800 Yacht Charters, Singapore, Michael Buffer, Verstappen, F1, Budapest, South Beach, Hard Rock Stadium, Mercedes, Formula One, Canada F1 Race, downtown Miami, Hard Rock, Alfa Romeo, yacht charter miami, special event yacht charter, waterfront Grand Prix races, 2021, Maserati, luxury yacht charter, corporate event, City of Miami, economic juggernaut, Norman Braman, Amazon, Joe's Stone Crab
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Watching an auto race is exhilarating. The elements of speed and danger seem fused together by the power of high-torque engines and the drivers with nerves of steel. But let’s be honest – sitting in the hot grandstands with thousands of strangers is less than the ideal way to view the glamour, the cars, and the grid girls of a Formula 1 event.
Thus, it’s little wonder why the Port Hercule marina in Monaco is filled to capacity in May for the annual running of the Monaco Grand Prix. With the cars zipping by the marina, there’s no doubt the best seat in the house is on a luxury yacht.
Unfortunately, the rest of the 2011 Formula 1™ races take place on tracks far removed from the oceanside. That is, all but one other – the 2011 Etihad Airways Abu Dhabi Grand Prix.
It’s rare for a Mediterranean yacht charter vessel to make the sojourn to the Middle East, but one superyacht is anxious to secure a reservation for the 2011 Abu Dhabi Grand Prix – motoryacht JANA.
The classic 46 meter Feadship is actively seeking a booking for the November 11-13 racing event.
Built in 1986, the yacht has received several refits throughout her charter career, the most recent being in 2009, in which she had the majority of her hull and superstructure repainted and most of her of soft furnishings replaced. The Dutch-built masterpiece accommodates 10 – 12 guests in 5 cabins. With a large sun deck, motor yacht JANA can easily host race day soirees for 20 to 40 guests.
According to Jana Sheeder, President of SailAway Yacht Charters and 1-800 Yacht Charters,
“This yacht offers the best in accommodations, cuisine, amenities, and service, plus she has a wide array of aquasport toys for guests to enjoy in the warmth of the Middle Eastern sun.”
The yacht is available for the Grand Prix at the rate of €100,000 for 5 days, plus running expenses (items such as food, bar, dockage, etc.).
Sheeder says her office will assist in securing a premium berth to view the race.
“We have a first-class team in place to handle all concierge-related requests, from dockage – to ground transportation – to catering a cocktail reception on the yacht.”
The race takes place on the Yas Marina Circuit, located on Yas Island, about 30 minutes from Abu Dhabi, the capital of the United Arab Emirates. Approximately 50,000 spectators can view the action on the circuit from permanent, covered grandstands that protect visitors from the desert sun. Of course, the best viewing areas are the most secure and private – the decks of the yachts in the Yas Marina.
The circuit is 5.55 kilometers long, with a total of 21 corners with 9 right turns and 12 left turns. The track features a lot of hairpins and long straights, and there are few potential overtaking places. The pit lane entry is very challenging, as is the exit, which runs underneath the track in a tunnel.
The world’s largest indoor theme park, Ferrari World Abu Dhabi, is also located on Yas Island. The park hosts more than 20 rides and attractions. One of the attractions, Formula Rossa, has the same G force one would feel driving in an F1 car and braking at maximum speed. It is the world’s fastest roller coaster, powered through the 2.07 km track at speeds up to 240 km/h, reaching 0-100 km/h in less than two seconds.
Sheeder believes the popularity of Abu Dhabi is on the rise, and a Grand Prix yacht charter is a great opportunity to explore the area by yacht. “In addition to the race and related social events onboard motoryacht JANA, there is so much to see and do in Abu Dhabi,” says Sheeder. “The people are warm and hospitable and the weather in November feels like the summer in the Med.”
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This entry was posted in Yacht Charter and tagged Jana, Feadship, South, Jana Sheeder, Constance, Monaco Grand Prix, grid girls, Formula 1, President of SailAway Yacht Charter Consultants, president of 1-800 Yacht Charters, Formula One, SailAway Yacht Charters, Grand Prix yacht charter, Etihad Airways, Abu Dhabi Grand Prix
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