Tropicana Atlantic City, a subsidiary of US-based Tropicana Entertainment, has acquired Chelsea Hotel in Atlantic City, New Jersey.

Tropicana Entertainment intends to integrate the newly-acquired property, which is located directly across Morris Avenue from Tropicana Atlantic City, into Tropicana Atlantic City's current operations as ‘The Chelsea Tower at Tropicana Atlantic City’.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Expecting to open for guests in August this year, the new Chelsea Tower will remain subject to local property taxation.

Tropicana Entertainment president and chief executive officer Tony Rodio said: “We are pleased with this acquisition and the opportunity to offer our guests more hotel room options on The Boardwalk.

“The Chelsea Tower is a great addition to our four existing hotel towers at Tropicana Atlantic City. Guests will be able to enjoy a boutique hotel feel while having full access to all resort options at Tropicana Atlantic City.”

See Also:

The Chelsea Tower will comprise a 20-storey oceanfront hotel tower and an adjoining low rise hotel structure with about 330 rooms.Currently, Tropicana Entertainment is in the process of developing plans for additional capital enhancements to the facility, including connecting The Chelsea Tower to Tropicana Atlantic City through a skyway bridge by next year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

A publicly traded company that is based in Nevada, Tropicana Entertainment through its subsidiaries, owns and operates eight casinos and resorts in Indiana, Louisiana, Missouri, Mississippi, Nevada, New Jersey and Aruba. Tropicana is a majority-owned subsidiary of Icahn Enterprises.

A 24-hour gaming destination, Tropicana Atlantic City features just under 2,400 hotel rooms and is home of The Quarter, a 200,000ft2 entertainment complex.