Taj Mahal Completes Liquidation Sale
The Trump Taj Mahal has finally completed its liquidation sale, ahead of its extensive renovations. For the last two months, the closed hotel and casino has been selling its assets to members of the public. This was all in preparation for the complete make over the property will be receiving from its new owners. The liquidation sale officially ended yesterday, Sunday the 3rd of September 2017.
Taj Mahal Liquidation Sale a Success
A representative from National Content Liquidators made a statement a few days before the sale finished, stating that it had all gone better than expected. The Trump Taj Mahal in Atlantic City was bought from Carl Ichan in March by Hard Rock International. The property was purchased for just $50 million, and Hard Rock will spend an additional $500 million to renovate the hotel and casino into a rock ‘n’ roll-themed resort. Not a bad price, considering it is reported to have cost over $1 billion to build.
Before that could begin though, all the old furniture and fittings needed to be removed. The liquidation sale began on the 6th of July 2017, and the general public was able to purchase furniture from the hotel rooms at very low prices. Other items were also for sale, such as pool tables, chandeliers, artwork, and other items of furniture from around the hotel and casino.
With just a few days left of the liquidation sale, there were said to only be a few items left, such as nightstands, some desks, and lamps.
Taj Mahal Can Now Transform
Hard Rock has run a café in the Trump Taj Mahal since November 1996. Even when the Trump Taj Mahal was closed, the restaurant continued to operate. However, it will finally have to close at the end of September. This is because the Hard Rock Café will also be receiving a major renovation and will become a focal point in the new hotel and casino.
Now that the liquidation sale has come to an end, Hard Rock International can finally begin demolition and construction of the new hotel and casino. Once complete, it is expected to house around 2400 slot machines, 130 table games, and two entertainment venues capable of seating over 7000 people.