ATLANTIC CITY, N.J. (AP) — A Florida hotel company has announced a deal to buy the Claridge hotel tower portion of Bally's Atlantic City, but the casino itself is not part of the sale.
TJM Properties, Inc., a Clearwater, Fla. hotel operator, announced Tuesday that it's buying the 500-room Claridge Hotel Tower. Terms of the sale were not disclosed.
The Claridge used to be a stand-alone casino before it was bought by the company that owns Bally's and three other Atlantic City casinos. The hotel will remain open as it undergoes a room upgrade, and the installation of a new front desk and restaurant.
The Claridge opened in 1930 and, at 370 feet ,was the tallest building in New Jersey until 1989.
The smallest casino in the city, its motto was "Smaller Is Friendlier."