According to an interview with the mayor on theboardwalkblog Facebook page, there are two new 80 room hotels potentially coming to the island. One is the Wall Street Holdings 1 property on Schellenger Ave where Colleens and Stardust are today which will be a Choice suites hotel. The other location wasn't specified. It would be interesting to see what the new hotels are expected to look like and where the second hotel is going to be built.
here is the full story and one final tour of the spot. http://wildwoodvideoarchive.com/saying-goodbye-to-the-ocean-holiday-motel/