Luxury brand planning $150M hotel in Cape May – Robert Khodadadian

A historic town on the Jersey Shore is on the verge of getting its first new hotel in a half-century. Luxury resort brand Icona is planning a 160-key hotel at the site of the former Beach Theater property, reported. Eustace Mita, president of Icona, purchased the out-of-use property in 2019 for $6.6 million. The $150 million hotel would include 160 rooms, three restaurants and several shops. But Icona has created controversy by attempting to

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Cross Post, Development, Home Page, Hotels, Jersey Shore, New Jersey The Real Deal New York Read More

.com/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u19536f1f8c6fa8db92c9cd9707bc3087:hover .ctaButton { background-color: #141414!important; } .u19536f1f8c6fa8db92c9cd9707bc3087 .centered-text { display: table; height: 80px; padding-left: 18px; top: 0; } .u19536f1f8c6fa8db92c9cd9707bc3087 .u19536f1f8c6fa8db92c9cd9707bc3087-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u19536f1f8c6fa8db92c9cd9707bc3087:after { content: ""; display: block; clear: both; }