The owners of The Stanley Hotel in Estes Park, Colorado – the hotel that inspired Stephen King to write The Shining – are planning to open a horror-themed museum, according to the Denver Business Journal.

King’s book tells of a writer who goes insane during a stay at The Overlook Hotel, a large, empty guest house that he’s employed to maintain over the winter, with his wife and young son. His book, a bestseller when it was published in 1977, was adapted by Stanley Kubrick into a film starring Jack Nicholson and Shelley Duvall. It prompted a mixed reaction on release (both Kubrick and Duvall were nominated for Razzies), but has since been recognised as a horror classic.

The Stanley Hotel’s plans for the $24million development include a museum, exhibition space, production facilities and editing suites. The developers, who hope to run the centre as a non-profit public-private partnership, will work in collaboration with the Colorado Film School to set up an educational programme. They are asking for $11.5 million in state funding.

The hotel, which currently offers “Ghost Adventure” packages (including “a glow-in-the-dark Stanley Hotel squishy ghost and a REDRUM mug per person”) as well as hosting an annual horror film festival, hopes to become a “year-round horror destination”, according to Variety. Hollywood stars Simon Pegg and Elijah Wood are said to be founding board members of the planned film centre.

While King’s book was inspired by the writer’s stay at The Stanley Hotel, Kubrick’s film was shot using interiors based on another guesthouse over 1,000 miles away – the Ahwahnee Hotel, in Yosemite National Park, California. The Ahwahnee’s website plays down its connection to Kubrick’s film, making no mention of the terrifying horror classic on its homepage. It does, however, host a video of James Franco talking about his experience of staying at the hotel.