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.
Source: phillyvoice.com