Big Changes Ahead for Atlantic City’s Sheraton Hotel

A Philadelphia developer is planning major changes at the Sheraton Atlantic City Convention Center Hotel.

According to the Philadelphia Business Journal, Scannapieco Development Corporation plans to make half of the Sheraton Hotel's rooms apartments. The remaining hotel rooms will be renovated.

Sheraton Atlantic City Hotel To Change Business Model

Tom Scannapieco told the PBJ he believes Atlantic City already has enough hotel rooms. The nine casinos offer over 15,000 hotel rooms.

He sees the need for more apartments in the city.

Scannapieco Development wants to take the hotel rooms on the upper floors of the building -- the 10th to the 16th floors -- and make them apartments.

About half of the apartments will be one-bedroom units, a quarter will be two-bedroom apartments, and the remainder will be studios.

The apartments will primarily be made by combining two hotel rooms into one apartment.

The 131 new apartments will cater to the over-55 crowd.

AC Sheraton's Hotel Rooms to Get a Makeover

According to the PBJ article, Scannapieco Development Corp. also plans to renovate the 28-year-old Sheraton's remaining 250 rooms on the 3rd to 9th floors.

The developers believe this will rightsize the hotel for Convention Center business.

There will be one gym for the hotel section of the building and another for the apartments. The hotel and the apartments will share the lobby.

Scannapieco Development Corp estimates that the total cost of the project will be $100 million.

The hotel renovations should be finished in less than a year, and the apartment transitions are expected to take 18 -20 months, with work beginning later this year.

The developers told PBJ that they plan to rebrand the property to another hotel chain but did not disclose which one.