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Jay-Z Plans To Open Hotel In Manhattan

Tuesday, December 18, 2007
By: Kenny Rodriguez

Jay-Z

As if the music and clothing industry weren’t enough, Jay-Z is now venturing into the hotel business with the announced launch of a new spot in downtown Manhattan.

Jay has purchased a development site in the Chelsea neighborhood to build a 150,000 square-foot luxury hotel, aptly called “The J-Hotel.”

As the first of its kind, the proposed five-star hotel will serve as the flagship for a chain expected to expand into other major cities.

The site was secured by Jay-Z and partners Charles Blaichman of CB Developers, Abram Shnay and Scott Shnay of SK Development Group in two separate transactions.

The acquisition of the base site was $51 million, and the price of the air rights was $15.4 million – totaling $66.4 million.

The J-Hotel will be located in downtown Manhattan, at 511 West 21st St. between 10th and 11th avenues.

Currently the site is occupied by a five-story warehouse and parking facility leased to Time Warner Cable. No word yet on when construction is scheduled to begin.

(23) Comments | Post a comment »

Expand your dreams jay z..good luck

Posted by Dutch Green

J hova adversifyin his empire keep it up!! roc boys iz n da buildin!!!!

Posted by Round Table's Posta Boy

Yo jay, hook a brother up w/ a mill or two. I got college loans, son - help a nucca out!

Posted by palsy

Jay-z better open a tellie,the nlgga need two executive suites for his lips! big lip bastard!!!!!! how many biggie rhymes gonna come out his fat lips?

Posted by RED NECKS FATHER

^^ damn right daddy. The j-hotel - how creative?!?!. What's the matter...couldn't you find a decent name from biggie's lyrics?? as for this "one of a kind crap" ... Wtf?? dont tell me - instead of a mint on your pillow, you get lip balm!?!

Posted by red neck

Now they can hire state property as bellboys.

Posted by 25tolife

Mr. Black trump

Posted by dirty D

Man i can not beleavt that j is planning on bulding something like that.

Posted by Larry Parish

Hopefully the prices are affordable for my jump-offs

Posted by dj blendz

Jumpoffs get the motel, unless you captain save-a-ho

Posted by grime&grease

Dont be mad if ur cash flow low...

Posted by dj blendz

He spends little of his money and gets all the credit? that ugly ass, no rapping N*gg*r is so damn fake! like his bald, horse hair weave wearing Bia'ch!

Posted by Frank

All you haterz...bring a twinkle in my eye and a smile. Maybe one day one of yall can spit sum venomous ryhmes as hot as those comments.

Posted by King of da East

I see a lot of "people" hating, just like they hate mayweather, when your black and making big moves people want to throw rocks at you, when your broke and black they wanna talk about you. Jay just do your thing! big ups!

Posted by Big O Queenz Big boy

Jealousy is a female trait and indeed a weak emotion so all u player hating n*ggaz should go F*ck urselves

Posted by D

They dont really hate on black ppl no more when they rich, just look at oprah... But shes not really black.......

Posted by gpx60

^are you talking to urself?

Posted by red neck

Let the haters hate!!!!! you can't achieve so you hate on those who do!!! jay keep gettin that paper and make all them negative ass mf's hate you!!!! the more money the more haters!!! hate on haters hahahaha jay laughin all ythe way to the bank!!!!

Posted by Michael Ameer

Dehaven and beyonce' have a plan to destroy jigga and walk away wit his cream! never trust a b!tch wit a bald p^ssy! they comin for you jay!!! run!!!

Posted by Dr. Strange

Ahem... Downtown is 14th street and below. Chelsea is chelsea. Great neighborhood, though.

Posted by L.E.S.

Oh noooooo! this neighborhood's changing way too fast. I live right around there....but for how much longer? :-(

Posted by Kitkat

Smart man. Very smart man!!!

Posted by Wave

Thumbs up j. I feel u n*gga. Gudluk and god bless.

Posted by buma2008