Tropicana to Add Chelsea Hotel To It’s Boardwalk Property

Tropicana has signed a deal to acquire The Chelsea Hotel in Atlantic City. It will connect the property to its neighboring Tropicana Atlantic City property via a skyway bridge.

This will bring total Tropicana Atlantic City rooms to around 2,730. The 20-story The Chelsea Hotel will soon be called The Chelsea Tower at Tropicana.

Tony Rodio, President and CEO for Tropicana Entertainment said: “The Chelsea is a great addition to our four existing hotel towers at the Tropicana Atlantic City. Guests will be able to enjoy a boutique hotel feel while having full access to all resort options at the Tropicana Atlantic City.”

Opened in 2008, The Chelsea Hotel opened in 2008, and closed December 2016.  A subsidiary of Icahn Enterprises purchased the 331-room property.

“Since emerging from bankruptcy in 2010, Tropicana [Entertainment Incorporated] has been a great success story,” read the statement from Rodio. “The capital and support of Icahn Enterprises, our controlling shareholder, has been instrumental in our success and I appreciate Carl Icahn’s continued support in the execution of our strategy.”

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