Icona Resorts has a $6.5 million agreement to buy a former bank building in downtown Ocean City

The site of a former bank building on Asbury Avenue in Ocean City will become the next location for an Icona boutique hotel.  The Press of Atlantic City reports that developer Eustace Mita plans to build an Icona resort after acquiring the property in Ocean City for $6.5 million and a plan to remake it as the chain’s latest.  Currently, hotels are not permitted uses in downtown Ocean City.

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