The Atlantic Club is still up for sale and its owners just modified a $10 million mortgage on their other Atlantic City Boardwalk property, The Claridge. These things are not related, Dale Schooley, director of acquisitions for the owners, TJM, told me yesterday. TJM paid cash for the Atlantic Club, Schooley added.
“We’re going to continue to market the property…the Atlantic Club. The Claridge is not for sale,” Schooley said.