FOR SALE: ATLANTIC CITY HILTON ON THE MARKET

Available, one Atlantic City casino hotel. The Press of Atlantic City reports that the owners of the Atlantic City Hilton have the property on the market in an attempt to prevent foreclosure. An international investment bank has been hired to sell the casino, and an offering memo is being prepared for potential buyers. The sale of the casino is expected to take several weeks, according to the report. One potential buyer may be Nicholas Ribis, who currently works as the Hilton’s chief executive officer.

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