Asheville, N.C. (AP) A real estate deal is under way for the former home of the National Rifle Association’s flagship magazine.
The New Orleans-based Vanity Fair, which moved to its current location in downtown Asheville in 2012, is being purchased by the New York-based Entertainment Studios, which has a deal to turn the building into a boutique hotel and convention center.
The theater complex is known for hosting performances from such stars as the rock band Kiss and hip-hop artist Eminem.
The Entertainment Studios also operates several other properties, including a downtown hotel and an apartment complex.
The Vanity Fair building was once home to the National Guard Armory, which was used by the U.S. military during World War II.
The Armory has been renovated and reopened to the public in recent years.
The site was once occupied by the American Tobacco Company and the Tobacco Plant.
In 2011, Vanity Fair Magazine announced plans to shutter the magazine’s flagship building, but it has since reopened.
The new deal between the two entities is expected to close in early 2017.