Hard Rock International has announced a definitive agreement with a wholly owned subsidiary of investor Carl Icahn to purchase and rebrand Atlantic City’s former Taj Mahal from the Morris and Jingoli families. More than $300 million will go toward the deal and renovation, which will reintroduce the property as the Hard Rock Hotel & Casino Atlantic City.
The Taj Mahal sits on 17 acres of boardwalk real estate and offers nearly 800 guestrooms. The remodel will be create more than 3,000 jobs and is part of the effort to revitalize the community.
“We are excited to be part of this revitalization of Atlantic City creating thousands of jobs to help local employment,” says Hard Rock International chairman Jim Allen.