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Tropicana Entertainment Buys Chelsea Hotel in Atlantic City

By Tony Seruga

The boutique lodging property will be incorporated into the company’s 2,400-key casino resort across the street.

What a way to grow. Tropicana Entertainment Inc. will expand Tropicana Casino & Resort Atlantic City, a 24-hour gaming destination with 2,400 guestrooms and a 200,000-square-foot entertainment complex, by 300 keys and it will do so without lifting a shovel. Acting through its Tropicana Atlantic City Corp. subsidiary, the company recently purchased The Chelsea Hotel, sited just across the street, and will connect the boutique lodging property to the complex via a skyway bridge.

Tony Rodio, president & CEO of Tropicana Entertainment, said in a prepared statement that the acquisition affords Tropicana “the opportunity to offer our guests more hotel room options on The Boardwalk.”…

Tropicana Entertainment Buys Chelsea Hotel in Atlantic City

Categories : Real Estate

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