ESTES PARK, COLO. — It’s a hotel well-known in cinema history, possibly the spookiest hotel ever to grace the silver screen, and its about to receive some bone-chilling upgrades.

The Stanley Hotel in Estes Park, Colo., the direct inspiration for Stephen King’s 1977 horror novel, “The Shining,” announced plans last week for the Stanley Film Center, a facility that would house a horror-themed museum, an auditorium, traveling exhibits and a soundstage and production space.

The Stanley estimates that the project will cost $24 million, and the hotel is seeking $11.5 million in Colorado tourism funding.

Actors Elijah Wood and Simon Pegg are directly involved in the production plans the hotel hopes to undergo once they reach state approval.

The Stanley opened in 1909 but fell into disrepair in the 1970’s, surrounded by rumors of being haunted. These rumors directly influenced King’s bestselling novel and spawned the popular film based off of the book.

The hotel’s popularity was revived after the book and film releases, embracing its customers’ interest in the occult and paranormal. It now offers regular ghost tours and will be hosting “3 Nights of Fright” during this year’s Halloween season and for two years the hotel has offered an annual horror film festival.

Source: CNN