The Ocean Pines Association and Matt Ortt Companies on Friday agreed to preliminary terms of a multiyear contract extension to continue to manage the Association’s Yacht Club and Beach Club.
The Matt Ortt Companies originally signed an agreement to manage both facilities last year. Since then, each restaurant has experienced a significant financial turnaround and earned rave reviews for improved food quality and service.
Under the leadership of Matt Ortt, Ralph DeAngelus and Executive Chef Stuart Diepold, the Ocean Pines Yacht Club has set new sales standards several times this season, including a record-breaking Memorial Day Weekend. In July, the Yacht Club facility set a single-day record with a $53,000 total revenue haul – including a $25,000 banquet – and on July 5 the restaurant by itself set a single-day record with more than $40,700 in net revenues.
More details on the agreement will be available, early next week.