Magnuson Hotel in St. Pete, Florida, Acquired

According to a report in the St. Pete Catalyst, a Pennsylvania real-estate firm has purchased the Magnuson Hotel Marina Cove resort in St. Petersburg, Florida.

Willner Realty and Development Co., under the WRD LLC entity name, acquired the 18-acre waterfront resort at 6800 Sunshine Skyway Lane S., and adjacent parcels, for a purchase price of more than $17 million.

The purchase includes the actual resort, the private 32-boat slip marina behind the property, tennis/shuffleboard courts, and a vacant proximate property.

Willner and its companies own retail complexes, mid-rise office buildings, hotels, and apartments in Florida, Missouri, New Jersey, New York and Pennsylvania. The group previously acquired several large properties in Tampa Bay, including the 320-unit downtown multifamily building at 112 N. 12th St. at the southern end of Tampa’s Channelside District.