It looks like the owners of the Wildwood Inn and the new Waves hotel are now the new owners of the Monaco Motel, the Grandview, and the other boardwalk stores on that property. Cape Islands Realty posted the news on their Facebook page. It will be interesting to see what they do with the properties.
here is the full story and one final tour of the spot. http://wildwoodvideoarchive.com/saying-goodbye-to-the-ocean-holiday-motel/