Stockton Seaview

Stockton University purchased Seaview in Galloway Township in 2010 to enhance its tourism and hospitality programs. With those programs moving to the new Atlantic CIty campus, the Board of Trustees will consider selling the facility at its Monday meeting. Press Archives.

GALLOWAY TOWNSHIP — The Stockton Seaview Hotel and Golf Club could have a new owner soon, as the university will consider selling the property at a Monday meeting.

Stockton University spokeswoman Diane D’Amico confirmed the sale is on the Board of Trustees’ agenda but said she could not provide more details until after Monday’s meeting. She said the buyer and sale amount will not be disclosed until an agreement of sale has been finalized.

The university, which purchased the resort in 2010 for $20 million, plans to transfer its tourism and hospitality programs from the Seaview to its new Atlantic City campus in the fall.

“Due to financial considerations related to the ownership of the property, including the costs of deferred maintenance, and the addition of academic and residential facilities in the University’s Atlantic City Gateway Campus, the Board of Trustees determined it is no longer necessary or advisable to own the property,” a resolution for the sale states.

According to the agenda, the board will first meet in closed session to discuss the sale before coming out to vote on the resolution.

Galloway Mayor Anthony J. Coppola Jr. said he was excited to hear about the sale but thankful for Stockton for its investments in the property.

“I feel like there’s a great opportunity for someone to come in and run that hotel,” Coppola said, noting the new owners would likely pour more capital into the property. “It’s a big part of our community.”

The resolution states the Stockton board first discussed the sale Feb. 21 in a closed-session meeting and authorized President Harvey Kesselman to negotiate on behalf of the university.

Stockton purchased the century-old Seaview to provide additional space for academic programs, including tourism and hospitality. The space also provided additional on-campus housing for 348 students in 162 rooms, as of fall 2017. D’Amico said there are about 270 students currently living in the hotel.

The university’s new, 200,000-square-foot beachfront residential building in Atlantic City will house 533 students. The building also includes 15,000 square feet of retail space along the Boardwalk and on Atlantic Avenue, as well as a fitness center. The $178.3 million Atlantic City campus facing Albany and Trenton avenues will also include a 56,000-square-foot academic building with three floors, 14 classrooms and computer labs, a 3,000-square-foot event room and a cafe with outdoor seating.