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Chairman of RLJ, Robert L. Johnson.
Inland American Real Estate Trust, Inc. bought the 22-hotel portfolio from The RLJ Urban Lodging Fund, a privately-held hotel real estate investment company for approximately $900 million.
The 4,061-room portfolio consists of upper upscale and upscale full and select-service hotels that are operated by brands including Marriott, Hilton and Hyatt. They [...]

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Meaning ‘market’ in Italian, Merkato 55 is the latest venture form chef Marcus Samuelsson.

It is an “African brasserie” which opened in Manhattan’s Meatpacking District, designed to recall the kaleidoscopic energy of Africa’s largest outdoor market, Addis Merkato in Ethiopia’s capital city, Addis Ababa.
By not focusing entirely on one country’s cuisine, a diverse sampling dishes [...]

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Steve ‘the commissioner’ Stoute and Shawn ‘Jay-z’ Carter are partnering to open Translation Advertising in New York, an agency that will help marketers reach multicultural consumers.
Translation Advertising expects to announce its first clients soon, said Mr. Stoute, who sold Translation Consultation last October for an estimated $10 million to $15 million to the Interpublic [...]

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The 5,500-square-foot Oprah Store, located down the street from Harpo Studios (where her show is taped) is filled with a variety of products including books, comfortable clothes and items bearing Winfrey’s trademark “O”.

Source

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Damon Buffini, co-founder and chairman of Permira
Businessman Damon Buffini was ranked 3rd in UK’s Times newspaper power 100 list.
Full Times Power 100 list

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Actor and comedian Kenan Thompson, has launched a new magazine, Style and Substance.
Thompson is best known as a regular cast member on Saturday night live and for his role in American sitcom Kenan and Kel
Kenan is currently in his fifth season as a regular on NBC’s Saturday Night Live of which he [...]

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The Africa Channel entered into an affiliation agreement with Columbus Communications Jamaica Limited (Flow Jamaica) and premiered on February 1 in Jamaica on Channel 413.

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Reginald F. Lewis
Safeway Inc. announced that as part of month long activities in celebration of Black History Month, it will honor entrepreneur and food industry pioneer Reginald F. Lewis.
A poster was unveiled at the Reginald F. Lewis Museum of Maryland, which will be displayed in all U.S. Safeway stores, corporate [...]

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Restaurant Owner, Yolanda Travis.
McDonald’s recently celebrated its commitment to diversity and to nurturing black business. The company’s first African American-owned franchise was originally opened in 1968 under Herman Petty. The landmark Chicago restaurant celebrated its official reopening with its newest African American owner, Yolanda Travis. She operates a total of four restaurants in Chicago.
“The [...]

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