Financial News

The Forum motel, a block from the beach at Eighth Street and Atlantic Avenue has been sold to two brothers who own a dozen motels in the area from Atlantic City to Ocean City. The new owners plan to renovate the rooms and fix up the outside. “As a family-owned hotel company, we admired how the former owners ran the resort and treated their guests,” said co-owner Raj Khatiwala, who spoke to OCNJDaily.com about the sale. His brother, Yogi Khatiwala, is the other owner. The brothers, who grew up in Ventnor and went to Atlantic City High School, and their family owns motels in the Ocean City and Atlantic City markets, Raj Khatiwala said...