TJM Properties, the owner of the now-closed Atlantic Club Casino Hotel at 3401 Boardwalk in Atlantic City, NJ, has put the property under contract for an undisclosed price. The sale is expected to close at a later date.
The Atlantic Club Casino Hotel has been closed since January 2014. It was constructed in 1980 on 2.6 acres and underwent renovation in 2012.
The buyer, R&R Development Group LLC, plans to construct a 100,000-square-foot indoor, family-friendly entertainment facility to include a water park, hotel, restaurants and an arcade. The firm will invest more than $135 million and expects to have 300 hotel rooms delivered by this fall, while the water park construction is expected to take one or two years to complete.
www.omegare.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.