Company News

Avalon to Convert Boardman Tennis Center into Athletic Club

BOARDMAN, Ohio – The Boardman Tennis Center has been sold for $1.145 million to a corporation formed by the majority shareholders of Avalon Holdings Corp. and will soon undergo “major renovations” that will transform the 54,575-square-foot building into The Avalon Athletic Club at Boardman.

Platz Realty Group, Boardman, listed the building and lot, 1223 W. Western Reserve Road, for sale at $1.5 million. The transaction closed March 7.

The buyer is Avalon Mahoning Sports Center Inc. According to documents filed with the state, the corporation was formed Jan. 17 by Ron and Fran Klingle, Avalon Holdings’ CEO and chief administrative officer.

“Although plans have not been 100% finalized, it will no longer just be a tennis center,” members were told in a letter dated March 8 from Cory Pagliarini, director of membership and golf sales for Avalon Holdings. Half of the space will remain tennis, he said, while the other half will include two full basketball courts, multi-colored and striped to provide for volleyball, pickle ball and shuffleboard courts.

A fitness center will be added as well as a multi-purpose turfed field for indoor, baseball drills and flag football. The locker rooms will be completed renovated to include steam rooms and saunas, Pagliarini said. “We hope to have additional space left over to add other fun activities including rock climbing walls and batting cages,” he stated.

The renovations will begin after the tennis center closes May 11, members were told. They were offered an incentive to join and told their membership would include access to the amentities at all of Avalon’s facilities.

Avalon Holdings Corp. also owns Avalon Resorts and Clubs Inc., which operates the Avalon Inn & Resort and the Avalon Golf and Country Club in Howland, the Squaw Creek-Avalon Golf and Country Club in Vienna, and the Avalon Golf and Country Club in Hermitage, Pa.

The company reported net operating revenues of $14.2 million in its fourth quarter ended Dec. 31 compared with $15.6 million in the fourth quarter of 2016

For the year ended Dec. 31, net operating revenues were $55.8 million compared with $61.4 million for 2016. The net loss attributable to shareholders was $300,000 or eight cents a share, compared to $100,000 in 2016 or two cents per share.

Copyright 2020 The Business Journal, Youngstown, Ohio.