TJM Properties Sells Atlantic Club Casino Hotel to Colosseo Atlantic City INC.

TJM Properties | October 1, 2019

ATLANTIC CITY, N.J., Oct. 1, 2019 -- TJM Properties, a noted Florida real estate firm and hotel management company, has sold the Atlantic Club Casino Hotel to Colosseo Atlantic City INC., a New York City-based investment and construction firm. One of two TJM-owned properties located on Atlantic City's fabled Boardwalk, the 800-room hotel was closed in 2014 by Caesars Entertainment, and subsequently purchased by TJM. The property was owned and developed by Stephen Wynn, the well-known casino operator of such properties as the Mirage and Bellagio in Las Vegas. "We have made every effort to find a buyer who could realize the potential of T...