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.

Published by
Joe Healy,
May 12, 2022

Claim your marina for free! is the leading marketing website for marinas, boatyards and yacht clubs. Claim your marina today.

Claim Now!

Need Marina Management software?