According to sources, Jay-Z teamed up with a group of partners to finalize a $66 million deal for a piece of prime real estate in New York’s trendy Chelsea neighborhood, where they are considering building an upscale five-star 150,000-sf luxury hotel, the ‘J Hotel’. The hotel will be the flagship for his new hospitality brand, which he intends to roll out in select cities following this New York City debut.
Jay-z’s partners include Abram Shnay, a local developer, his son, Scott, and Charles Blaichman.
“It’s a great piece of property adjacent to the High Line in a great neighborhood,” said Scott Shnay, one of Jay’s partners.
He also plans to host a grand opening for his third 40/40 Club in Las Vegas on December 30, which will open in the brand new 53-story Palazzo. The $20 million club will feature 85 plasma TVs, five exclusive VIP rooms, 24-karat gold and platinum floors and five 40 foot bi-level bars.
“We represent what the entertainment capital of the world is all about, it’s only natural we open here,” He said in a statement.
The club, which is co-owned by business partner Juan Perez, will be the third 40/40 Club with future locations in Tokyo and Macau.
Good For Jigga. I like a man like this. check this out, all we been hearing about is how the album flopped , how he is being fired from def jam , how Jermaine dupree even heard Damon Dash was going to take his job. Mto calls him Camel, even Hip-Hop didnt stand up , for this standup type of guy. Well all I want to say is comming from a true fan “We Love you Jigga” Bee I hope you go ahead and have his baby before Rhianna get one from him. This guy is doing his thang . Keep up the good work , be a big dreamer Jigga , keep reaching for the stars and dont let nobody tell you it cant be done. I will be visiting both 40/40 clubs the one is Vegas and NYC . I am a big dreamer as well , I know I will also visit his Hotel. Jay is such and insperation. Can you Freakin beleive this shiz ….a Hotel!!!!!!! wow I am impressed. Where you at Cameron???? you aint flopping that pie hole of yours now. Does trump need a record label hell no , yall better reconize where the money is “Realestate” . Thats all I am going to say for now , stop hating on my man. If I had Beyonce shoe money I would definately holla at hov!
get off his dick
Why? So you can get on it, Nina?
Do you Hov & Bey!
Hov is the man……he sets a standard that not even the rest of the biz can keep up with. He has a plan and we works it…..Keep shining BOI.
stop hating on her giving j his props you hater, all ahters hate on but we still will prespire and prevail regardless of you haters. i have love for all the haterees the haters hate on. you go jigga!!!!!!!!!1
jay is an inspiration to every man and women out there!
all these blogs be talking the shit bout him but he doesnt respond to them like other celebs he juss do him n thats gr8….unlike other celebs he doesnt live his life as expected by public or tabloits but to make his dreams come true nomatter how ugly he is if he comes holla at u u cant resist lol so don’t be saying shit bout this nigga.
he is the next donald trump n i wish he weds beyonce…
to him i say KEEP DOING YO THING …BLACK PPLE JUSS DON’T APPRECIATE OTHER BLACK PPLE ACHIEVEMENTS N THATS MESSED UP!
Jayz is da bomb his album may not win album of the year but he don’t need an album the boy is building a hotel, he owns part of a NBA team, he owns the 40/40 franchise along with clothing lines. There is no stopping this dude and more power to him.
Good thing.. Jay Z is making it happen.. Sean is the business man that we all know and love. He speaks it and then he does it… Well in this case he has done it and know he has spoken it. JayZ is a lifer.. meaning he understands struggle and now that he is at a position to change things he is… thing is he is doing it all in style.
He has learned from the best.. and now he is making these decisons in order to change the world and the environment in which we all live. Good looking out J.. Mr. Sean Carter is a force to be reckoned with…He is positively a genius!
Gotta love him! Go Jigga!
Blessing.
Tracy
This is what is supposed to happen when you make it. 99% of the people that rap are just that – rappers. Hov said something in “Hollywood” that’s 100% true, and I quote – “…the music biz is like musical chairs, it’s about where you standing when the music stop spinning.” Jay has completely transcended hip hop. For every MC out there that say Jay has fell off, you’re wrong. Well, you’re half wrong – he fell “up”. So, to the Cam’ron’s, the Jim Jones’ and every other cat that tries to stop Jay from progressing, leave it alone. The things this guy is accomplishing is almost comical compared to these dudes. For those of you who are not familiar with the game, this if for you – “…there’s only one rule. I WILL NOT LOSE!!!!!”
A Fan
good for you HOV nice to see
“haterz get mad cuz [he] got [himself] some bathin apes”
oh, and enough cash to start up multi-million dollar hotels and clubs. you guys have nothin’ on him.
These are very positive and classy comments(except for nina she must work for mto) You know, I am growing from the inside out. When I get to where I want to be people are going to wonder where did THAT come from. I got a ways to go and when I get off track, people like you beautiful people are just as inspiring as Jay Z is. I wish everyone much SUCCESS!
monica milner atl you need to spell check next time babes. golden rule i before e except after c with exceptions to the rule. you may want to proofread too, talking about going out to his clubs and his hotel. read a book read a book read a moth….ng bookkkkk haha
[...] Jay-Z Closes $66 Million New York Real Estate Deal [image] According to sources, Jay-Z teamed up with a group of partners to finalize a $66 million deal for a piece of […] [...]
S Dot does big I didn’t expect anything else.That’s life after HIP-HOP,others should follow suit.
Eternal Soles
Dear J.
As a mega fan of yours I have a question. One in which I feel is not only relevant to you but every other black mega star on the planet. As a worker for the World Health Organization as well as Dr’s without Borders, I would be very interested in knowing if you would be interested in donating anything at all to our cause. I’m very much aware of the fact that you already donate to the water project in another part of Africa, however, there are several new projects that will be announced soon and I would like to be the first one to approach you on this level. The WHO, is doing great things on the continent, however we need so much more. There were almost ten million aids related deaths last year, with many many children among that group. In perspective, I guess what I’m asking is can or will you lend support for these organizations. Your sponsorship either by using your name or financial status could bring much inspiration to others to help out. Again, this is by no means a solicitation for my own benefit, rather it is an outreach in behalf of the millions of African who have dies and will die without much needed medical attention and sponsorship.
S Dot does big I didn’t expect anything else.That’s life after HIP-HOP,others should follow suit.HE did tell us(kick dat wilie ish well,cuz I’m really gon do it.
ETERNAL SOLES
big tings agwah… hova, loads pf pple thought he was goin dwn but he jus hit us wit a big one. keep duin wot u do best
YO! KEEP DOING YA THING JAY FUCC ALL THESE HATERS BROKE AS FUCC! THE PEOPLE RIDING WITH YOU ARE THE BREAD WINNERS WE ARE WHAT MATTERS FUCC THE REST…-LA EME
What is this? Nothing in Chelsea has sold for anywhere near this sum in…ages. When did this close, where is this property? 150,000 SF hotel is kinda small for a land play of $66m. What brand is the hotel? Strange reporting here.
I know Jay is on his job, look at all the hate coming at him.You are going to get people taking shots at you when are on top. He said a long time along, don’t follow me , follow my moves. I am not a Jay fan, but you can’t knock the hustle.You have to respect where he came from, to where he is at now. How the line go( I can take off and touch down on the same night) for all you slow people, you have to own the plane to do that. I am 24 years old, so I had to do my research on Jay, but I will say almost everything he raps about, he’s has accomplish. Your swagger is not fake, when it matches your cake. Stop all the hate and get your on weight up.
With as much influence as he has got his name on anything could probably save it from being a flop. I think he doesn’t think big enough, or maybe small enough, depends how you look at it. I would like to hear him to be more vocal about his passions, besides making money. Because the fact is the millions he spends is the sweat and labor of exploited people throughout this nations history. He should be fighting the consumer ideology that is destroying this nation, but no he is perpetuating it and all the while destroying the ghettos with a little thing called envy. I’m not hating because he has every right to make his money and spend it, but at what cost? If people are in the ghetto spending their money to hear his product why can’t he give back to those same communities not only with capital but with activism? A machine can make money but it takes a real man to change people’s minds about the ghetto, which is something he has never ever done.
This guy never ceases to amaze me! He may have talked whole lot about where he has been and the decisions he made good or bad, but he didn’t do like alot of other people would have done and squandered his paper! I am an entrpreneur myself and he along with many other people symbolize what is really the american the dream! He is really in a league of his own! A real visionary and a leader no matter what he may speak about in his songs! He inspires you to do so many other things than just rap! He shows you that there are so many other ways to get money and thats why he will never go broke! Hope fully in God’s speed our paths may cross so he could mentor me on what i can do to build an empire and be an influence to my family and to my people!
Keep doing thing Mr.Carter I will always be in full support!
God bless
Demarko
Who cares? can i bump his hotel or clubs in my car, NAW! stop glorifying everything someone does. Its like me being a cell phone tech and u come to me to fix your phone and i come out saying I got a new car, you would be like, SO, fix my damn phone! Let me know when he is coming out with a new cd and if its getting good reviews, thats information that would have some sort of impact on people, its useful information.
22, why should one black man carry the weight of all the ghetto on his shoulders. To me his life speaks to the possibilities and thats change enough.
Where’s your own personal responsibility ? What are you doing to change people’s minds about the ghetto?
I LOVE WHAT JAY IS DOING BUT I WISH HE’D ALSO GIVE BACK TO THE COMMUNITY FROM WHICH HE CAME FROM,LIKE MAGIC JOHNSON IS DOING. IF YOU HAVE THE MEANS TO PROVIDE JOBS FOR YOUR PEOPLE THEN YOU SHOULD DO SO.
BUT JAY YOU KEEP ON GETTING THAT PAPER I AIN’T MADE AT YOU!!
don’t hate just emulate in other to accelerate to yhe top of the top where every thing you drop remains hot. take a shot bro………