Casino enhancements and other improvements also are on the drawing board.ĭeifik had originally intended to maintain a small, noncontrolling ownership in the Ocean Resort Casino following the sale. This portion of the project will add another 500 guest rooms to the existing 1,399 rooms. In addition to the construction of a 'long-awaited buffet,' improvements will involve wrapping up incomplete work that had been underway on 12 floors in the middle of the hotel tower.
Part of the Unbound Collection by Hyatt portfolio, the property will be enhanced to the tune of $70 million. The reveal follows several weeks of speculation that began in early January, when then-owner Bruce Deifik announced that the reincarnation of the ill-fated Revel, which made its debut in 2018, would be sold to an unnamed outside company. Luxor Capital Group, a New York City-based hedge fund, has been identified as the new owner of Atlantic City's Ocean Resort Casino.
