Otam’s new Millennium 65 HT...

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Otam’s new Millennium 65 HT...

Industry News

Italian yard OTAM has just launched its second new model of the year, the Millennium 65 HT, which will be on display for the first time at Genoa ‘09. The new the first Millennium 58 Open was presented at Cannes ’09 almost a month earlier.

SEPTEMBER 2009

The 65 HT sports a modern and slender profile. The integration between interior and exterior has been key to the design. Thanks to a glass aft-deck door that slides away completely, inside and outside space become one big entertainment area.
A distinctive sign of the OTAM models is the bridge to port, with adjustable seats for the master and co-pilot behind which there is a comfortable and spacious couch. The main saloon delivers 360 degree views.
For the past couple of years based close to the airport in Genoa, Otam first started building motorboats some 50 years ago in Santa Margherita, where it still has a few berths and a service facility. The operation currently offers a range of four high-performance express cruisers from 13.7-24m (45-80ft) – the 12-year-old Heritage 45 Open, which was restyled a couple of years ago, the new Millennium 58, which replaces the 10-year-old Millennium 55, and the Record 80 Hardtop, the first and thus far only one of which delivered some five years ago.
As a guide, the Heritage 45 is priced from €890,000, the Millennium 55 from €1.98 million, and the Record 80 from €5 million. Depending on exngine options, Otams usually deliver maximum speeds in excess of 50 knots.
Owing to the models’ performance, the main competitors are deemed to be Magnum and Pershing. They were designed technically by Paolo Martin, but styled inside and out by the builder’s own in-house team lead by president Ugo Casa, whose brother-in-law is the major shareholder.
Otam averages five to six boats delivered a year.
The company sells direct, so has no dealer network. Consequently most of its sales tend to be to Italians, although the odd boat inevitably also gets delivered to the Cote d’Azur, Spain and Greece. One even got shipped to the USA a few years ago.
For more, www.otam.it

© Phil Draper