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An artists rendering gives a beachfront view of the grand hotel being proposed by, and chief executive officer of Icona Resorts, An artists rendering shows an aerial view of the grand hotel being proposed by, Grand Hotel Proposal Moves from Cape May to Ocean City. In his pitch to the city, Mita said the area where he would build the hotel was not currently generating revenue. Get browser notifications for breaking news, live events, and exclusive reporting. She earned an MBA from The Wharton School, University of Pennsylvania and a BS in Mechanical Engineering from Villanova University. . A $150 million luxury hotel has been proposed near the Ocean City Boardwalk. Icona Resorts operates eight hotels in Avalon, Cape May and the Diamond Beach section of Lower Township. "We are thrilled that the Mita family is joining us in continuing the great tradition of Gillian's Wonderland Pier, an Ocean City landmark," Jay Gillian, who is also mayor of Ocean City, said in the release. We are eating our own livelihood, Mita said more than once. Stone Harbor, Wildwood. He is the Chairman and CEO of Icona Resorts, along with the Chairman of Mita Management, a company with interests in the automotive and real estate industries. Choose wisely! Last year, Icona proposed a $150 million, 160-room hotel for a former theater site in Cape May but faced obstacles as reported here. The cookie is used to store the user consent for the cookies in the category "Performance". There was a problem saving your notification. The proposal could face several challenges, including obtaining the land from the city, getting site approval and acquiring permits through the state Coastal Area Facilities Review Act. You can now listen to Dennis & Judi On Demand! He said three of his eight hotels are now in the top-75-rated properties on TripAdvisor in the nation. He said the erosion of hotel rooms in Ocean City, a result of what he termed condomization of previous hotel space, is a danger to an economy built on tourism. You have permission to edit this article. All of MLP companies and real estate recycle existing buildings, which often require environmental remediation. The Icona Resort wa s proposed by Eustace Mita at last week's Ocean City Council meeting. Our team has led gene & cell therapy programs at innovator companies and CDMOs, including pioneers who are among the small universe of people to have taken advanced therapies to commercialization. / CBS Philadelphia. Mita couldnt immediately be reached for comment Tuesday. "So to me, this is a one in a lifetime, once in 100 year opportunity.". Shooter Of NJ Trooper Captured In South Carolina, Video Shows H, $300K In Drugs Including 1400 Folds Heroin Seized In Cape May C, Jersey Shore Man Convicted In DUI Crash That Killed Teen, Serio. Sybil obtained her B.A. The city would also have to change zoning laws because hotel development is banned on the boardwalk. Eileen also served as a Process Engineer then Project Manager, leading the facility and process design, build and start up of new biologics facilities, both pilot plants and commercial facilities. Tony has led the creation of Project Farmas Advanced Therapy Manufacturing Playbook which has helped develop the largest cell and gene therapy manufacturing footprint in the world. Formerly, Chacn served as Assistant Vice President of Industry Alliances at the University of Maryland, Baltimore. If you forget it, you'll be able to recover it using your email address. These cookies will be stored in your browser only with your consent. He has worked with small and large life science organizations including startups, academic centers, financial institutions and CMOs/CROs. Tony has extensive experience with small and large molecules including biologics, biosimilars, and cell and gene therapies. But it isn't clear yet whether or not Cape May will love him back. Eustace Mita, the owner of the Icona hotels, brought conceptual images for a new Boardwalk hotel to the Ocean City Council on Thursday. Chance of rain 100%. Upper Twp & This cookie is set by GDPR Cookie Consent plugin. That designation, Mita said at the time, would cut two years off the time for developing the property. Saying that Ocean City has not had a new hotel built for 50 years, Mita said he had the best possible site in mind for such a venture. I have traveled all over the United States and most of the world. Our team brings a wealth of experience from biopharma and advanced therapy CDMOs, ensuring that there is no safer place for your product. We would very much like to bring it to the finish line, he added. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Middle Twp, February 10, 2023. The Jersey Shore is notorious for charging for access to the beaches. Last updated months ago. Dana has a Masters in Microbiology from Thomas Jefferson University, a Bachelors in Biology from Rutgers University, an Executive Education Certification from The Wharton School, and a PMP (Project Management Professional) certification. Joerg Ahlgrimm is the Chief Executive Officer of SK Pharmteco & Board Member at The Center for Breakthrough Medicines. I told Mr. Mita that while I understand the need for hotel rooms in Ocean City, I cannot and will not support his proposal to the council, Gillian said in a statement. "I think people are always afraid of change.". New Jersey is happy! As the chairman, CEO and founder of Chester-based Icona Resorts, it's become second nature for Eustace Mita to recognize properties with the potential to be first-class luxury resorts. These cookies track visitors across websites and collect information to provide customized ads. Our website is directed to a U.S.-based audience; our content may not be accessible to some international audiences due to technology restrictions. Use the 'Report' link on This cookie is set by GDPR Cookie Consent plugin. He has successfully acquired BMS Swords site (Ireland) in 2017, AMPAC Fine Chemicals (US) in 2018 and established SK Pharmteco (US) in 2019, a CDMO subsidiary for SK Inc. From 2021, SK Inc.s CDMO investment expanded to the CGT industry which led to the acquisition of Yposkesi (France) in 2021 and the investment in the Center for Breakthrough Medicines (US) in 2022. accounts, the history behind an article. Read more Jose F. Moreno/ Staff Photographer by Nora Macaluso, For The Inquirer Updated May 5, 2022 Dr. Marco Chacn is the Non-executive Chairman of the Board for The Center for Breakthrough Medicines and the Founder and former Chairman of Paragon Bioservices, Inc., a CDMO that specialized in process development and GMP manufacturing of viral vectors for gene therapy. We wrap up the news from the Shore you love, and deliver it to your inbox, weekly. Alan spent 16 years at Bioreliance moving from the lab to quality, and eventual management of the Biotech Services Division, and later serving as Director Business Development. Republican-appointed judges have kept the Democratic president's plan from going into effect. Ocean City, Icona Resorts Founder Eustace Mita said he has been pursuing the property for . Audrey is passionate about supporting her community and serves on several non-profit boards including the King of Prussia Business District and is currently an Emissary for Select Greater Philadelphia, a division of the Philadelphia Chamber of Commerce responsible for attracting business to Greater Philadelphia. Eustace's great uncle owned one of the first hotels in Avalon, NJ, The Puritan Hotel, and one of his first jobs was as a bus boy at The Princeton. Eustace Mita is board member for The Center for Breakthrough Medicines and Chairman and Chief Executive Officer of Icona Resorts, which owns and manages hotel properties in Avalon, Diamond Beach and Cape May, New Jersey. She has a B.S. Residents say it's a proposal the city has to consider carefully. She has built marketing teams from the ground up and has led brand transformation initiatives for both small and large organizations, aligning messaging and marketing activities to the business strategy and commercial goals. Mita said that Ocean City had about 3,000 hotel rooms in 2000, but construction of large homes and condos has dropped the number to about 750. Audreys deep industry experience includes biotechnology, real estate, pharma services, and financial services. Prior to Lonza, he headed the Manufacturing network of Baxter Bioscience/Baxalta with 17 plants, a significant CMO network and the largest plasma collection division of the company. Icona already operates eight hotels in Avalon, Cape May and the . She is experienced in gene therapy and large scale biologics manufacturing, aseptic processing and filling, supply chain and demand planning, and quality auditing, all with a focus on operational excellence. Submitting this form below will send a message to your email with a link to change your password. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Thoughts? If you purchase a product or register for an account through one of the links on our site, we may receive compensation. Eustace Mita, owner of the Icona hotel chain, presents plans for a high-rise hotel on the Ocean City Boardwalk to City Council on Thursday. No word on whether the project faces stiff opposition or any timeline for completion. Stone Harbor, Icona already operates eight hotels in Avalon, Cape May and the Diamond Beach section of Lower Township. in Biology from Ursinus College and an MBA in Project Management from New York Institute of Technology. jdoe@icona.com), which is being used by 100.0% of Icona Resorts work email addresses. Submissions requiring additional support services e.g., to amend content or to effect payment will not be published. "We're very excited about it," Mita said. All rights reserved (About Us). Audrey has an MBA from The Wharton School and is a registered CPA in Illinois. Jennifer Manning is the Senior Vice President of Global Strategic Partnerships at The Center for Breakthrough Medicines. "We're excited about the. Eustace and Suzy Mita, who were compelled during a Vatican news conference to reveal the secret to their 38 years of married bliss. Then his interests shifted more to real estate and hotels. Emily Moran is Vice President of Vector Manufacturing at Center for Breakthrough Medicines. Founded in 2013, ICONA Resorts is a hospitality management, development & licensing company. ESE winds shifting to SSW at 25 to 35 mph. The property would likely need to go out to bid, as public land, and be independently assessed. Mayor Jay Gillian has come out against the controversial luxury hotel proposed by Icona Resorts CEO Eustace Mita. And, we wish the Mita family the same good memories and success that we had at the Windrift." No credit card required. Subscribe to our Daily Headlines newsletter. You can cancel at any time. Matthew Farabaugh is the Chief Financial Officer of The Center for Breakthrough Medicines.