Atlantic City Tour Terenik Finch

Developer Glenn Straub bought the $2.4 billion Revel for $82 million in bankruptcy court in August 2015. The building contains 13 restaurants, a 32,000-square-foot spa, 55,000 square feet of retail space and a parking garage with more than 7,000 spaces.

Dale Gerhard / Staff Photographer

Polo North Country Club Inc., owned by Glenn Straub, and a Colorado-based group have filed a notice of settlement for the sale of the shuttered Revel Casino Hotel.

The notice, filed with the Atlantic County Clerk’s Office on Oct. 31, lists AC Ocean Walk LLC as the purchaser. According to state business records, the company is managed by the Colorado-based Ten RE ACNJ, run by Colorado-based businessman Bruce Deifik.

No sales price was listed in the notice of settlement agreement.

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Deifik did not return messages on the proposed sale.

Straub said he knows nothing about the document.

“I can file anything — it doesn’t mean it’s true,” Straub said.

Deifik is founder, president and CEO of Integrated Properties, Inc.

The company was formed in April 1990 to handle acquisition, development, asset management, property management, leasing and disposition of commercial properties under the ownership of Deifik and his investment partners.

The properties have included assets such as the Hyatt Grand Champions Resort in Palm Springs, California, and prominent office and retail centers in the Denver and Phoenix metropolitan areas.

Straub repeatedly has talked about reopening the property and has set several deadlines for doing so, but it remains closed.

He has blamed state and local officials for holding up the reopening.

The building contains 13 restaurants, a 32,000-square-foot spa, 55,000 square feet of retail space and a parking garage with more than 7,000 spaces.

Straub bought the $2.4 billion Revel for $82 million in bankruptcy court in August 2015.

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Contact: 609-272-7046 nhuba@pressofac.com Twitter @acpresshuba

Started working in newsrooms when I was 17 years old. Spent 15 years working for Gannett New Jersey before coming to The Press of Atlantic City in April 2015.

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