New Boutique Hotel Planned for Atlantic City

RMS Capital has announced plans to develop a boutique hotel named The Top Hat, inspired by the Monopoly board game, in Atlantic City's Orange Loop area, with construction slated to begin in early 2025. The three-story hotel will feature six bedrooms, accommodating up to 12 guests, along with a rooftop deck and ground-floor commercial space of 1,400 square feet. Managing partner Mark Callazzo emphasized that this project aims to revitalize the area, which had a previous reputation as a 'Dead Zone', by supporting local businesses and enhancing tourism. The Top Hat will serve as a cultural landmark, drawing visitors to experience a unique non-casino accommodation option. This development aligns with ongoing efforts to transform Atlantic City into a vibrant destination beyond its traditional casino offerings. Funding for the project includes both developer investment and grants from the New Jersey Economic Development Authority.