BALLY’S SELLS CLARIDGE HOTEL TO FLORIDA BASED COMPANY

The Claridge Hotel in Atlantic City is changing hands. Bally’s Atlantic City announced the sale of the historic hotel to TJM Properties, Inc., of Clearwater, Florida. The hotel will continue to be operated with non-gaming amenities, and will be improved from its current condition. The terms of the deal were not made public. The 24-story hotel first opened in 1930.