Report: Boutique Hotel Coming to Asbury Park

A boutique hotel with a rooftop bar will come to the building formerly known as a Salvation Army retirement home, the Asbury Park Press reported this week.

Development firm iStar Financial is looking to take on the project at the Fifth Avenue building, which is located on a lot overlooking Sunset Lake and about one block from the ocean, the press reported.

The building has been vacant since 2004, the newspaper’s report said, after a bank foreclosed on the property. iStar bought it in 2013.

The hotel will feature 110 rooms, a swimming pool, event space and a rooftop bar with a view of the ocean and the cityscape, the report said.