Two real estate deals surpassing $6 million each could lead to new luxury hotels on the Wildwood Boardwalk and on Asbury Avenue in Ocean City.
Two real estate deals surpassing $6 million each could lead to new luxury hotels on the Wildwood boardwalk and on Asbury Avenue in Ocean City.
In April, the Wildwood Hospitality Group, part of the Monmouth Junction-based Innzen Hospitality group, purchased a block-long building at 3000 Boardwalk for $6.2 million, with plans to invest at least that much more in a hotel, to be known as the Wild Resort. The hotel, pictured in renderings with a rooftop pool and bar, would be the first boardwalk frontage hotel development on the boardwalk in 25 years, since Montego Bay in North Wildwood, he added.The project was approved by the Planning Board on Nov. 7, said lawyer Ron Gelzunas, who represents the Wildwood Hospitality Group.
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