CRDA voted YES Tuesday on a plan to convert half of the Sheraton Convention Center Hotel into senior housing.
Down Beach Buzz reports 130 rooms for senior housing. 252 hotel rooms would be fully renovated in order to comply with Marriott Sheraton standards. Without 500 adjacent hotel rooms, Atlantic City may lose future conventions and meetings. The developer and hotel owner told The Press of Atlantic City there’s simply no other way for the property to survive. It’s been losing money since casinos opened in many states, including PA.