Indeed, at a press conference this week, CCC chairman LindaKassekert commented that a sale could happen "within weeks." Thepress conference was held to announce that the Trop was fully openand operational, with its existing management in place, overseen byformer NJ State Supreme Court Justice Gary Stein in place as atrustee.
The first name to emerge as a potential buyer was Dennis Gomes,the Trop's CEO when it was owned by Aztar Entertainment, who wouldhead a partnership to buy the place. Columbia Sussex acquired theproperty as part of its $3-billion acquisition of Aztar.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
