Pennsylvania firm acquires the waterfront Magnuson Hotel

A Pennsylvania actual property agency that has made important investments in Tampa has scooped up the Magnuson Resort Marina Cove resort in St. Petersburg. 

Willner Realty and Growth Co., underneath the WRD LLC entity title, bought the 18-acre waterfront resort at 6800 Sunshine Skyway Lane S. and a number of other adjoining parcels, totaling over $17 million in transactions, in response to property information. 

Willner and its associated corporations personal retail complexes, mid-rise workplace buildings, accommodations and flats in Florida, Missouri, New Jersey, New York and Pennsylvania. The group beforehand acquired a number of giant properties in Tampa Bay, together with the 320-unit downtown multifamily constructing at 112 N. twelfth St. on the southern finish of Tampa’s Channelside District.

The St. Pete properties bought embrace the precise resort, the non-public 32-boat slip marina behind the property, the tennis/shuffleboard courts, and a vacant triangular property positioned on the nook of the Sunshine Skyway Lane S. and Pinellas Level Drive S.

The 144-room Magnuson closed in 2020 following a mass layoff of 55 workers; nonetheless, a Might 6 publish on its Fb account states the resort is open, however the Nepa Hut bar stays closed. 

The resort provides a small non-public seaside, two swimming pools and two on-site eating places: Periscopes, an informal eatery that serves traditional American meals and seafood, and the Banyan Tree Deli. 

Personal distributors additionally encompass the property, together with Island Adventures, which operates dolphin watch excursions, and the Island Jet Ski Leases. 

The Magnuson Common Supervisor Steven Springman and representatives at Willner Realty and Growth Co. weren’t instantly accessible to touch upon the deal. 

This isn’t the primary Magnuson resort that was offered within the space. Final 12 months, the 118-room Magnuson Resort Clearwater resort offered in a $6 million deal to Jacksonville-based U.S. Freeway Hospitality Associates LLC entity.