ICONA Resorts: Luxury brand planning $150M hotel in Cape May

A historic town on the Jersey Shore is on the verge of getting its first new hotel in a half-century. Luxury resort brand Icona is planning a 160-key hotel at the site of the former Beach Theater property, NJ.com reported. Eustace Mita, president of Icona, purchased the out-of-use property in 2019 for $6.6 million. The $150 million hotel would include 160 rooms, three restaurants and several shops. But Icona has created controversy by attempting toThe post Luxury brand planning $150M hotel in Cape May appeared first on The Real Deal New York.