Hospitality & Tourism
Home state advantage: Morris, Jingoli discuss plans in Atlantic City, partnership with Hard Rock
Jack Morris and Joe Jingoli, whose families have partnered with Hard Rock International to acquire the former Trump Taj Mahal, bring decades of experience in New Jersey real estate and a level of hands-on, local expertise that an outside investor simply wouldn’t have.
Combined with the resources and the pedigree of a global brand like Hard Rock, Morris and Jingoli feel strongly that their plans for Atlantic City will be the catalyst that is often promised but not as frequently delivered. And they say it’s about more than simply reopening a casino.
Case launches small loan program for projects nearing stabilization
Case Real Estate Capital LLC, a commercial real estate investment and financing firm, has launched a new program to provide lower-interest loans for properties that are close to stabilization.
Sanzari tops out new dual-branded hotel in Teaneck
Alfred Sanzari Enterprises is on track to complete a new 350-room, dual-branded hotel in Teaneck by next year, the firm said recently as it marked the completion of vertical construction.
Investors offer $225 million for failed Revel casino, report says
A private investment firm reportedly has offered $225 million to buy the shuttered Revel casino in Atlantic City, although the property’s current owner says no such offer has been made.
Meridian brokers $7.8 million refinance for Jersey Shore hotel
The owner of a Toms River hotel is refinancing for $7.8 million, following a transaction arranged by brokers with Meridian Capital Group.
