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Ocean City Mayor Opposes $150M Luxury Beachfront Resort Proposed By His Own Business Partner

A $150 million luxury hotel proposed at the Jersey Shore does not have the support of the city s mayor even though it was proposed by his own business partner.The Icona Resort was proposed by Eustace Mita at last week s Ocean City Counciā€¦

Ocean City Mayor Opposes $150M Luxury Beachfront Resort Proposed By His Own Business Partner

Ocean City Mayor Opposes $150M Luxury Beachfront Resort Proposed By His Own Business Partner
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Ocean City, NJ, wont let rowdy teens ruin another summer

ICONA Resorts offers $6 5 million for historic Ocean City bank building, which could become luxury hotel

ICONA resorts reportedly has offered $6.5 million to acquire the historic bank building at 801 Asbury Ave. in Ocean City, New Jersey. The goal would be to renovate the property into a luxury hotel with a ground floor restaurant and retail space. The building's current owner is in bankruptcy, meaning the approval of a sale must go through bankruptcy court. Ocean City also may be interested in submitting an offer to acquire the property.

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