ATLANTIC CLUB MAY FINALLY REOPEN AS A NON-GAMING HOTEL AND THAT GIVES US PAUSE

The Atlantic Club??sits alone at the end of the Boardwalk.

I begin recalling these weekends and occasionally stroll by.
The??Hilton??(one of many former titles for the home ) was my destination of choice. Those dinners at The Oaks and Peregrines are hard to overlook.
I still remember my brief meeting with the late James Gandolfini??(aka??Tony Soprano) along with the cast from the hit HBO??show The Sopranos. This was 2006 and the future Atlantic Club, along with the majority of the resort town, enjoyed a few years of equilibrium.
The Club was the casino hotel with slots and table games, and it provided an escape from the audiences that could overwhelm boardwalk and the beaches north. Especially in the summermonths.
These days, its best??known to shut in 2014.
However, Atlantic Clubs fate could change for the better.
The Associated Press reported the a new proprietor had been found by Atlantic Club. Colosseo Atlantic City Inc., a New York City-based investment and construction company,??bought it from TJM Properties. The purchase price was not disclosed.
Its not the casino made in AC, however, the information does make me wonder if this may finally be.
And if this does happen, will the reborn home work well in Atlantic City?
After several unsuccessful attempts to market the 800-room home, it looks like TJM (operator and owner of their Claridge Hotel) finally found a suitable buyer.
Weve made every attempt to find a buyer who might realize the potential of The Atlantic Club Casino Hotel, explained Matt Bradley, one of the heads of development and operations for TJM who handled the purchase.
The owner did not elaborate on plans. Allowing the hotel sit vacant for another five years does not appear to be in the cards.
Were excited about working in Atlantic City??and rebuilding such a great home, said Rocco Sebastiani, Colosseos chief. His strategy is to run the property.
Rummy Pandit, executive director of the Lloyd D. Levenson Institute of Gambling, Hospitality & Tourism at??Stockton University, seemed hopeful about the Atlantic Club sale.
Locating a buyer for one of the smallest properties of Atlantic City has not just gone. There were A few other proposed prices made public but did not pan out for a reason or the other.
Heres a look back:
In addition, it does not help that the buildings outside is deteriorating. Hard Rock and Ocean Casinos 2018 openings turned on the spotlight off from anything could have occurred with all Atlantic Club, too.
If and when the property does reopen, theres a good opportunity The Atlantic Club signal will no longer be on the construction.
Just call it the newest swap onto a list of property names.
The land was opened by former Las Vegas casino mogul Steve Wynn in 1980 back because the Golden Nugget. Some may even recall the advertisements featuring Frank Sinatra:
Wynn ended up purchasing the house seven years after. It had a series of ownership and title changes.
Following the property closed on Jan. 13, 2014,??Caesars Entertainment??and??Tropicana Entertainment??bought it. The sale needed to be accepted by a federal bankruptcy court judge.
TJM Properties obtained possession.
For the first time because 2014, its looking like there may be hope for The Atlantic Club (or whatever they choose to call it).
And we are not speaking about it being used to film scenes for Zack Snyders upcoming Army of the Dead film.??
But details concerning comforts, number of rooms, and the redesign have to be declared. That will make me hesitate a bit if Im going to be honest. After all, all of us waited for years for Glenn Straub to re-open Revel.
The one thing we do understand is it will be a non-gaming resort due to a restriction. And if this project come to fruition, Stockton University people might take complete advantage of the close proximity.
In terms of everything makes sense for the owner and clients, Pandit stated a multi-use facility??concept might be a win-win.
Something which is a part hotel and part condominium, stated Pandit, could enable residents to have access to valet parking, health club and spa, the restaurants, and area service supplies.??
Because the Hilton did Can it create memories that are new? Probably not.
But for Atlantic City, in case it is going to set up itself as more of a destination that is year-round, bringing back vacant resorts is a great start. No one enjoys an eye-sore.
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