Theres another one about 8-10 miles away but the one that closed was maybe 2.5 miles away.
I noticed it about 2 weeks ago. It was just a tire store, oil change type place. No parts. A former big 10 tires.
The 8k is out. They paid $3.1 +.
On August 1, 2014, Avalon Holdings Corporation ("Avalon"), through a wholly owned subsidiary, completed the acquisition of The Magnuson Grand Hotel (formerly The Avalon Inn) in Howland, Ohio for $3.1 million in cash and the assumption of certain leases. The transaction also includes the purchase of the adjoining tennis center. The Magnuson Grand Hotel is located adjacent to Avalon's corporate headquarters and its Avalon Lakes Golf Course.
And I think it sold for $1.85 million prior to that. Theres been some renovations.
The recent seller had it just 2 years. But I couldn't find what they paid for it.
The seller is the worlds largest independent Hotel Group. If they couldn't make it work, only Klingle would think he could.
He has a few days for the 8k but it could just be a repeat of the press release.
I own shares in BH and they bought bought an insurance company and a magazine and didn't disclose the price of either in an 8k.
I presume it will eventually show up on their 10q.
Im kind of surprised he even put out a press release rather than just an 8k !
Its reasonably possible the guy is just not good with money or is going thru a divorce or is sending twins to an expensive private school.
He makes $674k and he holds a lot more shares than he sold. So it might be meaningless.
I would like to see some of the other insiders step up & buy more.
Ive owned this stock 3 times before and I didn't always get the best price before. And I didn't this time.
If it goes lower Im buying more.
I have most of the posters on this board on ignore because they are just full of #$%$.
And, While I didn't expect the insider sale, more insiders have bought recently at higher prices.
Avalon has completed the purchase of all of the assets of The Magnuson Grand Hotel in Howland, Ohio. The Magnuson Grand was formally known as the Avalon Inn. This transaction also included the purchase of the adjoining tennis center.
In the near future the hotel will be renamed The Avalon Resort and Spa.
A multi-million dollar renovation and expansion to the existing facility is being designed by Phillips/Sekanick Architects and will include a complete renovation of the existing facility, a new indoor junior Olympic sized swimming pool and a new outdoor resort style pool and hot tub, a 12,000 square foot addition which will provide for new restaurants, bars, a full service spa and salon, extensive conference facilities and a complete fitness center. The improvements are expected to be completed within the next 12 months.
Avalon will also integrate these new resort facilities in with The Avalon Golf and Country Club operations. Avalon's 4000 club members will have complete access to the resort's facilities as part of their existing club membership plan, while guests staying at the hotel will in turn have access to the facilities located at each of the club's three locations. A limousine shuttle will transport club members and hotel guest between the four locations on a continuous basis.
Once completed, Avalon believes that the combination of the resort/spa and country club operations will create a resort complex and country club experience unparalleled in the United States.
The trade it while increasing their position. No big deal.
The big deal is they keep increasing their stake. That means they are bullish.
I think each broker may do it differently. That's why I asked.
Scottrade is for idiots.
Just put him on ignore.
Im guessing Ive been trading stocks nearly a decade longer than this punk has been alive.