Jay-Z is hoping to become the next Donald Trump with the announced launch of his new J-Hotel chain in Manhattan.The aspiring property tycoon paid $66 million for the site in Chelsea to build the 150,000 square-foot luxury hotel that will serve as the flagship for a planned expansion into other cities.According to GlobeSt.com:
The site was purchased by Jay-Z partners Charles Blaichman of CB Developers and Abram Shnay, along with son Scott Shnay, of SK Development Group in two separate transactions – the acquisition of the base site for $51 million, followed by the acquisition of the air rights for $15.4 million, totaling $66.4 million.
The J-Hotel will be located in the gallery district between 10th and 11th avenues at 510 W. 22nd St., better known as 511 W. 21st St.
Jay-Z already has a nightclub in Chelsea, 40/40, and is planning to open a branch in Las Vegas.
All I can say is that he’s damn right. Do like the richer folks do.
oh dammmmmm his wich guy ..??
buh his not wen his goin to haven…with al that..??