In last weeks' New York Post was a quick story about how the Trump Plaza Hotel and Casino in Atlantic City is looking for a hotel partner to renovate and bring the property up to par with the competition.
Supposedly the deal that Trump is looking for would swap the land under the property and the partner to put up the money for renovations and an addition adding about 600 more rooms to the property.
The type of partners Trump Entertainment Resorts is looking for: Planet Hollywood or Hard Rock Hotel
Both are popular brands that have wanted to open a Atlantic City Casino outpost for awhile now (both have restaurants in AC, but not an hotel resort based on the brands)
This could be a good sign that Trump is finally getting serious about Atlantic City and putting his money where is mouth is; you know he's trying to really make something work if hes willing to share the name of his property (or even possibly replace it) with another brand name.
Bravo to Donald Trump finally toning down his ego.
andrew@alconic-inc.com
Andrew Calvo is a Commercial Real Estate Advisor in New Jersey. I live in Tinton Falls, NJ. This blog is about my passions - primarily hotels, commercial real estate, and development, etc.
Since I have been in High School I've had numerous jobs, but the field which has always interested me is Real Estate, Hotel Development and Construction. I consider myself a zealot in that area - I try to absorb as much as I possibly can, take the experiences that I learn, or read about and use them in my life.
www.passionsofazealot.com