Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTIC CITY-The 22-year-old Quality Inn hotel here and an adjacent school have been reborn as a 206-room Courtyard by Marriott. Owner Innkeepers USA Trust has completed a major overhaul of the property, bringing to market what the Palm Beach, FL-based company describes as the first upscale non-casino/non-convention hotel to open in this seaside gaming mecca in more than 25 years.

And Innkeepers USA has hired Island Hospitality Management LLC, also based in Palm Beach, to manage the 17-story property at 1212 Pacific Ave. “. “The hotel will appeal to an array of guests, including summer beachgoers, business travelers, convention attendees, and gamers,” says Jeff Waldt, the latter company’s SVP of marketing and sales.

The newly reopened property is located just off this city’s famed boardwalk. It does have a small meeting space, amounting to 1,200 sf and capable of handling up to 44 people.

In terms of the overall hospitality picture, “we believe this phase of the business cycle will create additional opportunities for experienced operators,” says Island Hospitality president/CEO Jeffrey Fisher, in a statement. “Currently, we are seeing two types of activity. Investors seek management companies with repositioning expertise. And we find that owners want operators who know how to optimize returns.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.