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FALMOUTH, MASS. — An investment fund managed by ING Clarion Partners has acquired Sea Crest Resort & Conference Center, a 23-acre, 266-room, oceanside resort located in Falmouth. The new owners plan to complete extensive, multi-phase renovations to the property. Guestrooms, conference facilities, the lobby and the landscaping will be upgraded. Longer-term plans call for the construction of a sports pub, a soda fountain and carry-out food area, and a poolside bar as well as the renovation of the resort's outdoor swimming pool. The first phase of renovations will be complete by June, with the entire renovation complete by June 2011. The seller's name and the acquisition price were not disclosed.