As a young man, Leo built himself a boat. One he could both sail and paddle with. Leo named his boat after his lovely grandmother – Loreida! A boat must always have a woman’s name because that is the tradition. A woman’s name brings good fortune, and that is something every sailor needs.
Since both Loreida and Leo are old now and do not sail the seas anymore, she needed a place to stay and spend her old age in peace. So, Leo built Loreida a fancy boat house.