The newly refurbished Claridge Hotel will reopen in May with a variety of new restaurants, a lobby bar and new entertainment offerings, owners said Monday.

Caesars Entertainment Corp. announced the pending sale of the Claridge Hotel Tower last October. The 1920s-era property had been a part of the Bally's Atlantic City casino.

TJM Atlantic City, a subsidiary of St. Petersburg, Fla.-based, TJM Properties Inc., purchased the 500-room hotel for an undisclosed price.

Sherry Amos, a spokeswoman for TJM, said announcements will soon be made about new attractions at the property.

Information on room reservations, employment opportunities and property developments will be posted on