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Music Mogul Jay-Z to Build a Hotel?!

December 14, 2007 07:13:18 GMT

Jay-Z has bought tons of New York property and words are mounting that he's planning to turn it into a hotel or art gallery.


Jay-Z
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Photo credit: Anthony G. Moore/PR Photos

Has become an expert in music and is a successful entrepreneur, it appears that Jay-Z can never have enough just yet and thus has been planning to be the next Donald Trump.

The rap icon, who has helped catapulting numbers of musicians into worldwide fame, is now about to become a hotel mogul. Has been buying up a chunk of land in Manhattan's upmarket Chelsea through his company, J Hotels, reportedly worth $66 million, Jay-Z is said to be planning on turning it into a hotel or art gallery.

Words are mounting that top secret plan is now underway for the project.

Jay-Z's partner Scott Shnay, meanwhile, said "It's a great piece of land in a great neighborhood."

Is the current president and CEO of Def Jam Recordings and Roc-A-Fella Records, Jay-Z also co-owns The 40/40 Club and the New Jersey Nets NBA team. He is considered by people as one of the most financially successful hip-hop artists and entrepreneurs in America.

© AceShowbiz.com




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