AVALON HOLDINGS CORP
For the period ended Dec 31, 2025. Filed Mar 19, 2026.
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FY2025 · Filed Mar 19, 2026
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EX-13.1 · Capital Expenditures
Capital Expenditures
In 2025, Avalon incurred capital expenditures in the amount of $1.8 million of which $1.7 million was paid to vendors during the year. In 2024, Avalon incurred capital expenditures in the amount of $2.5 million of which $2.3 million was paid to vendors during the year. For both the years ended December 31, 2025 and 2024, expenditures primarily related to remodeling of The Grand Resort.
In 2025, all hotel rooms at The Grant Resort and other areas of the facility were in the process of being renovated. Avalon’s aggregate capital expenditures in 2026 are expected to be in the range of $4.0 million to $5.0 million. Capital expenditures in 2025 principally relate to hotel remodeling at The Grand Resort, parking lot paving and resealing along with other building improvement and equipment purchases. Future capital expenditures are expected to be funded with cash from our project fund account and cash generated from operations.
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