News for the Hospitality Executive
Atlantic City Transforming in 2008: Five New Hotel Towers
and Expansions, Two Major
Retail Centers and Plans for a New York-Atlantic City Direct Train
|ATLANTIC CITY, N.J. - ATLANTIC CITY, N.J., March 24, 2008
- Contrary to the current nationwide economic downturn and real estate
decline, Atlantic City is experiencing a period of unprecedented growth
due to billions of dollars invested in new hotel, casino and retail developments
throughout 2008. The city that is "always turned on" is witness to five
new hotel towers and expansions, as well as extensions of two major retail
centers and plans for a much needed New York-Atlantic City direct train
service from NJ Transit.
"The boom in development reinforces the appeal of Atlantic City," said Jeff Vasser, executive director of the Atlantic City Convention & Visitors Authority. "In addition to being a hotspot for real estate investment, we're also seeing a tremendous diversification of our attractions and amenities here, including non-gaming amenities, such as dining, retail, spas and entertainment."
Taj Mahal Expansion
Courtyard by Marriott
The Pier Shops at Caesars
Atlantic City Outlets: The Walk
Atlantic City - New York Direct Rail Service (ACES)
Boardwalk Facade Program
The Atlantic City Convention & Visitors Authority serves as the destination's principal marketing arm, stimulating economic growth through convention, business and leisure tourism development. The Authority oversees the management of the Atlantic City Convention Center and Boardwalk Hall on behalf of its parent agency, the New Jersey Sports and Exposition Authority. The Authority is the first in New Jersey to achieve Destination Marketing Accreditation by the Destination Marketing Association International. The Authority is among an elite group of 47 accredited convention and visitor bureaus throughout the United States. For complete Atlantic City information, visit www.atlanticcitynj.com.
Atlantic City Convention & Visitors Authority
|Also See:||Cape Advisors Inc. and Normandy Real Estate Partners L.L.C. Converting Two Old Atlantic City Hotels into the Chelsea -- the First Luxury, Nongaming Hotel on the Boardwalk Since the Early 1960s / January 2008|
|Donald Trump Says Trump Taj Mahal, Trump Plaza and Trump Marina Are Still for Sale; Big Obstacle in Finding a Buyer is the Company's $1.5 billion Debt, Even After a 2005 Chapter 11 Restructuring / October 2007|