Calif. company is acquiring Atlantic City, N.J.'s, Trump Plaza

02/14/2013 | Press of Atlantic City (N.J.), The

Meruelo Group, a company based in California, is purchasing the Trump Plaza Hotel and Casino in Atlantic City, N.J., for $20 million. "Suffice to say, we are firmly committed to the property and we are firmly committed to the city. We are excited about making a mark and an investment in the property," said Xavier Gutierrez, president and chief investment officer of Meruelo. The company expects to close on the acquisition by May 31.

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Press of Atlantic City (N.J.), The

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