Pinehurst Resort purchases Magnolia Inn, Villaggio Ristorante | New

Pinehurst Resort announced a deal on Tuesday that will further increase its footprint in the village and add another dining option to its varied menu.

The resort has agreed to acquire The Magnolia Inn, located just around the corner from its iconic Carolina Hotel and a few blocks from its Holly Inn. The deal will also include Magnolia’s restaurant, Villaggio Ristorante & Bar.

The Villaggio Ristorante & Bar at the Magnolia Inn.

The Magnolia has served as the gateway to the village since it opened in 1896, less than a year after the founding of Pinehurst. It is the second oldest hotel in the Village behind the Holly Inn, which opened on New Year’s Day in 1895.

The Magnolia was purchased by Ron and Julie Milton, who bought the hotel in 2019 and opened the Villaggio Ristorante & Bar which offered a fine dining experience and traditional Italian cuisine.

Magnolia Inn

The Villaggio Ristorante & Bar at the Magnolia Inn.

One of those impressed restaurant patrons was Bob Dedman Jr., whose family owns the Pinehurst Resort. Having enjoyed Villaggio’s food and service on recent visits, Dedman and the Miltons quickly discovered that they shared a vision to build on the success of Magnolia and Villaggio.

“In a short time here Ron and Julie Milton have not only restored the charm and elegance of the Magnolia Inn, their exuberance and commitment have set a new standard of excellence for those who frequent the Village,” said Dedman. “We want to bring the Miltons’ comprehensive vision for Magnolia to life and look forward to continuing the traditions and spirit they brought to Pinehurst.”

Ron Milton says Pinehurst Resort is ideal for the Magnolia and Villaggio to take the next steps in their evolution.

“Although we had the opportunity to sell the Magnolia Inn and Villaggio Ristorante to other buyers, Julie and I felt it should belong to the resort,” said Ron Milton. “Pinehurst understands the rich history and we think they take pride in owning the Magnolia Inn. We also wanted Villaggio to stay as it is, and we’ve made sure it will.

Financial terms of the deal were not disclosed.

Over the next few months, the resort will take that vision to heart, with plans to renovate the hostel’s rooms and enhance the outdoor patio experience.

Ron Milton will continue to oversee the operations of the Magnolia Inn and Villaggio until the end of the year. The current hotel and culinary staff will remain in place, with the exception of General Manager Pesefoni Nicolosi, who decided before talks with the resort that she and her daughter would return to Florida to be with her family and continue to manage the restaurant. Miltons. in Sarasota. Ethan Gross, a food industry veteran, has been hired by the Miltons to replace Nicolosi, and will work directly with Milton and Pinehurst Resort to ensure a smooth transition.

“We are grateful to our staff, who shared our dream of what Magnolia and Villaggio could be like,” said Julie Milton. “We thank our many loyal customers for making Villaggio what it is today, and they should know that they are in good hands with Pinehurst Resort. The improvements planned by Pinehurst will allow the Magnolia to retain its rightful place as a landmark in the village, not only for its history, but also for its future.

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