Stockton University has signed an agreement to sell the former Showboat Casino Hotel to Tower Investments, Inc., headed by CEO Bart Blatstein, for $22 million.
Closing of the sale is expected to occur on November 9.
Blatstein said by phone that he
could not yet disclose his plans for the site, and had no timeframe for
when it might be re-opened.
"The property offers optionality," he said. "I got the opportunity to own one of the jewels of Atlantic City."
Entire article at
http://www.pressofatlanticcity.com/alerts_breaking/blatstein-to-buy-showboat-for-million/article_12d847a0-5e1a-11e5-8180-5f1068cc4b02.html
Entire article at
http://www.pressofatlanticcity.com/alerts_breaking/blatstein-to-buy-showboat-for-million/article_12d847a0-5e1a-11e5-8180-5f1068cc4b02.html
No comments:
Post a Comment