New developer interested in Shenango Inn | Lifestyles

SHARON – A new developer presented a plan for the Shenango Inn property and expects to close the deal in early February.

Michael Yanko, part of the Yanko Group of New York, said the group is launching a new wellness lodging brand called Comelot hotels powered by Jurny. The Shenango Inn property will be the second Comelot hotel and is anticipated to open in November.

The project is expected to cost about $5 million, Yanko told Sharon City Council at their meeting last week.

“I think it’s interesting,” City Manager Bob Fiscus said. “It sounds like something that would be looked at favorably.”

Another developer had been interested in restoring the property at 1330 Kimberly Road to a high-end hotel and restaurant, as it was from 1950 into the 1980s.

That developer dropped the purchase contract after city officials decided to fight the zoning variance granted by the Sharon Zoning Commission that would have enabled it to become a hotel property.

Fiscus was not surprised or disappointed that the previous developer backed out of the deal.

“There were no assurances that we had a viable project,” Fiscus said. “They had no business plan, there were no architectural designs. That made it difficult for us to get excited about a project based on unknowns.”

But Fiscus said city officials are anxiously awaiting Yanko and his group’s formal presentation in the future. They were excited that he attended the council meeting.

“It showed a level of good faith on his part,” Fiscus said. He’s looking to do some good things.”

Yanko is expected to attend a March council meeting to share more about the project.

Fiscus said Yanko’s portfolio appears to have hotels and establishments that officials would like to have in Sharon.

Fiscus said council could consider changing its mind on the zoning variance.

“We’re anxiously awaiting more information, then we’ll evaluate the zoning,” Fiscus said. “We need to see evidence the project is going to be positive, then we’ll make a recommendation to the zoning committee.”

The inn opened in November 1950 after being built by community subscription to fill a need for a good, local hotel. It was last used as a personal-care home but has been vacant for more than three years. The inn is in a residential neighborhood off East State State on the city’s upper East Hill.

Follow Melissa Klaric on twitter @HeraldKlaric or email her at mklaric@sharonherald.com

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