Jasper Engines & Transmissions has acquired a majority of the adjacent Jasper Inn property along Wernsing Road for future parking and storage.
Under the purchase agreement, JASPER will acquire the Convention Center on January 1, 2017. The existing 130-room main hotel, dome recreation area, and various other areas of the hotel, will be acquired in July of 2017.
The remaining 67-unit Annex building, closest to US 231, will be retained by the Jasper Inn and be remodeled as a hotel, including an indoor pool and new reception area.
"It has been a pleasure working with the Jasper Inn organization," said Doug Bawel, JASPER Chairman/CEO. "As our company continues to experience significant growth, both in our number of Associate-Owners as well as physical size, parking and storage become an important need. The purchase of a portion of the Jasper Inn facilities will allow us to efficiently utilize our Wernsing Road facility, which is currently undergoing an expansion process."
"We see this purchase as a "Win-Win" for both of our organizations as well as means to revitalize the area surrounding both of our facilities," he added.