HOWLAND - A subsidiary of Howland-based Avalon Holdings Corp. has finalized its purchase of the Magnuson Grand Hotel, formerly known as the Avalon Inn.
The $2.9 million sale includes 7.3 acres at 9519 E. Market St., with the adjoining tennis center. The sale transferred Friday, Trumbull County Auditor records indicate.
The company intends to rename the hotel "The Avalon Resort and Spa," according to Avalon Holdings Chairman and CEO Ronald E. Klingle.
In a prepared statement, Klingle said a multi-million dollar renovation and expansion is expected, including new indoor junior Olympic-sized swimming pool and outdoor resort pool and hot tub, and a 12,000-square-foot addition for new restaurants, bars, spa and salon, conference center and fitness center. Improvements are expected to be completed within a year.
Avalon will also integrate these new resort facilities in with The Avalon Golf and Country Club operations.
According to Klingle, Avalon's 4,000 club members will receive access to the resort facilities, and guests staying at the hotel will, in turn, have access to the facilities located at each of the club's three locations.
Plans are to market the resort as an all-season facility of a 144-room hotel; three championship golf courses; four outdoor and seven indoor tennis courts; racket ball court; three outdoor and one indoor pools; two salon and spas; two fitness centers; four banquet rooms; conference facilities; and restaurants.
Messages left seeking comment with the Magnuson Grand were not immediately returned. The operators of the Magnuson Grand purchased the hotel property in 2004 for $2 million, auditor's records show.