Brookfield purchases bankrupt Revel Casino for $110 million
Brookfield Asset Management has won the auction for Atlantic City’s bankrupt $2.4 billion Revel Casino, home of HQ Nightclub, with a bid for $110 million. This topped Florida real estate developer, Glenn Straub who offered $90 million for the property.
Revel Resorts opened in 2012 and shut down on September 2nd of this year after it’s state-of-the-art design, fine dining, and top-tier entertainment did not catch on in a city that is built on buffets and low cost entertainment.
Revel did not mention when it will be opening its doors to the general public.
Via: NBC News