Icona Resorts buys the Golden Inn in Avalon, N.J.

The Golden Inn in Avalon, N.J., was sold to Icona Resorts.

The 155-room hotel was assessed at nearly $16 million, and includes restaurants, a beach bar and pool. Icona Resorts plans to renovate the entire hotel, including the guestrooms and amenities.

FREE DAILY NEWSLETTER

Like this story? Subscribe to Operations & Technology!

Hospitality professionals turn to Operations & Technology as their go-to source for breaking news on guestrooms, food & beverage, hospitality and technology trends, management and more. Sign up today to get news and updates delivered to your inbox daily and read on the go.

Icona is owned by Eustace Mita, a beachfront developer in Cape May County who built the luxury condominium complex The Grand at Diamond Beach in 2009.

Suggested Articles

Before the global brands roll into Madrid, consider that what the consumer considered to be luxury has evolved in recent years.

As of January 1, the hotel will formally be rebranded as the InterContinental Shenzhen Dameisha Resort.

The debuts consisted of a Hotel RL in St. Louis, a Tru by Hilton in Springfield and a SpringHill Suites by Marriott in Kansas City.