The sale of Ocean City's historic Crown Bank building was approved in bankruptcy court last week, nixing a previous offer to open an Icona hotel on the site.
to turn the 1920s era building into a boutique hotel.
Federal bankruptcy court Judge Andrew Altenburg approved a plan by Ocean City Crown Holdings LLC, owned by real estate investor Raj Khatiwala, last Wednesday to buy the old Crown Bank building at 801 Asbury Ave., according to court documents. If you purchase a product or register for an account through one of the links on our site, we may receive compensation.
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