Blue Water Development

About Blue Water Development

Blue Water Development is a real estate operator headquartered in 9919 Stephen Decatur Highway Ocean City, Maryland.

Blue Water Development is a privately held real estate and hospitality company founded in 2002, giving it 24 years in business as of 2026. The company has scaled to 67 properties across 24 states, with a portfolio totaling 10,929 rooms and sites, 219 marina slips, and 46 meeting spaces. Its operating footprint shows a large, multi-state platform with significant capacity in destination and resort markets. The business focuses on investment, development, and management in outdoor hospitality and lodging-oriented real estate. Its main property types include RV resorts, campgrounds, hotels, marinas, and attractions, with projects concentrated in resort and leisure-driven locations rather than traditional office or industrial development. Blue Water also runs an integrated model that combines development with operations, marketing, and revenue management, allowing it to manage both owned and third-party assets across a broad hospitality portfolio.

Principals at Blue Water Development

Markets and themes