Jay-Z to Open Chain of Luxury Hotels

 •  XXL Magazine  •  by XXL Staff  •  78 Comments

Jay-Z and his financial partners, Charlie Blaichman and Abraham and Scott Shnay, have announced plans to launch a chain of high end five-star hotels. According to Globest.com, the chain will be called J Hotels and the flagship location will be developed on the 150,000 square foot property that the group recently purchased in Manhattan’s Chelsea neighborhood. Jay and his partners plan to expand J Hotels into other cities following the opening of the New York location. The property stretches from 510 W. 22nd Street to 512 W. 21st Street and is currently the occupied by a five story warehouse and parking facility that is under lease to Time Warner Cable. Ronald Solarz and Eric Anton of Eastern Consolidated closed the $66.4 million deal which included the property and air rights. “West 22nd Street, between 10th and 11th Avenue, is arguably the heart and soul of the West Chelsea High Line district and is a perfect location for an upscale life style-oriented five star hotel,” Solarz said of the location. In related news, Jay recently landed the No. 4 spot on Forbes Magazine’s list of the 20 Biggest Celebrity Paydays of 2007. The mogul’s sale of his Rocawear clothing line to the Iconix Brand Group netted him $82 million, placing him just behind radio personality Howard Stern and 50 Cent.

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  • moresickaMC

    youre looking @ one smart black boy

    • Chris

      ^^^^^^^^^^^^^^^^^

      CO-SIGN!!!!

  • EzY moneY baGs

    hova da god he get it fa real smart business man first hip hop for ten years then the 40 40 shiit now a chain of hotels!!!what rapper doin it this big ever????????????????????????

  • lyann

    look like i dont need def jam keep hustle Jay u the man lol

  • chocolate rain

    lil Wayne is also investing …in cough syrup,lol

  • http://YOUTUBE.COM/ELWIKIWIKI KASILOKOBX3RDWORLDG-DIRECTOR

    GET IT BOY! LIKE ME!!!!

    WITH WAY LESS EFFORT……I AM NUMBER 1!

  • og bobby j

    camel trump

    • http://xXLMAG jb-da b.stuy reppa

      Stop wit the Camel comments……..He’s a smart black man. As well
      as top five dead or alive… God M.C. He….. Jay Hova!!!!!!!!

  • http://YOUTUBE.COM/ELWIKIWIKI KASILOKOBX3RDWORLDG-DIRECTOR

    GET IT BOY! LIKE ME!!!!

    WITH WAY LESS EFFORT……I AM NUMBER 1 !

  • http://xxl chris

    my nigga jay always gettin that money thats what these young niggaz don’t understand(wayne,joe buddens,etc) these lil niggaz need to pay homage to the king and stop throwing rocks at it…….

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  • EReal

    He’s gettin it.

  • Guapkid08

    they tryna get them ones he tryna get them M’s

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  • jonathan

    thats cool! thell be waiting for him in about 10 to 15 years when he gets out of prison for doing work for the devil and laundering and embezzling with the mafia! no problem! you will have some nice hotels to stay at when you get out jigga! you and beyonce! goodluck!

  • ill G

    lol @ jonathan…what is u talkin bout ma dude? lol please elaborate… a line of hotels? i mean thats wasup

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  • Jeopardy

    Someone has finally understood the being rich vs. being wealthy speech by Chris Rock.

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  • Thousandaire

    This man is fuckin incredible…

  • Rednose pit bull

    this nigga doing it!!

  • MR. UNDI$PUTED THE MOGUL

    THIS IS DOPE ON SO MANY LEVELS,
    1. ANYBODY NOT HATING TRYING TO BE $UCCE$$FUL ON A MAJOR LEVEL CAN USE THIS AS INSPIRATION.
    2. THIS DOES’NT HAVE SHIT TO DO WITH HOW MUCH JEWELRY OR CARS A MAN HAS.
    3. UNTIL “YOUR FAVORITE ARTIST IS “BAALLLLIN” LIKE THIS, SHUT THE FUCK UP!
    4. REAL MILLIONARE BUSINESSMEN ONLY WANT TO WORK WITH MEN WHOSE MIND’S HAVE LEFT THE “GHETTO PROJECT MINDSTATE” BEHIND.
    5. TO THOSE WHO LOVE THE FACT THAT JAY IS’NT THE DEF JAM CEO & PRESIDENT ANYMORE, REALIZE SITTING IN THAT OFFICE COST HIM MORE $$$$ THAN HE COULD’VE EARNED SITTING IN THAT BIG LEATHER CHAIR.
    6. I’LL DIE AN LLCOOL J FAN BUT HIM OR ANYONE ELSE NOW BETTER FIND A NEW EXCUSE IF & WHEN THEY PUT OUT A WHACK BULLSHIT CD & IT FLOPS!!!
    7. BIG PIMPIN’ “COUNTING CHEE$E”
    8. TO THE “DAME WAS THE BU$INE$$MAN DICK RIDERS” WHERE IS HE NOW?? JUST WONDERING.
    9. HEY DEHAVEN HOW’S YOUR SMEAR CAMPAIGN WORKING OUT??
    JAY KEEPING DOING IN BIG!!!!!
    PEACE!!!!!!!!!!

  • Flymasta

    1 MILLION, 2 MILLION, 3 MILLION, 4
    IN JUST A FEW MONTHS 80 MILLION MORE

    HE IS THE BLUEPRINT HE GIVES HOPE TO BLACK PEOPLE I WOULD LOVE TO GET A JOB THERE AS A BELLBOY

    NOW ADD THE COUPLE MILL THAT I SAID B4
    U ARE NOW LOOKIN AT ONE SMART BLACK BOY

  • Mystery

    This is why Jay doesn’t give a shit what mixtape rappers say about him. If I was making those moves, the reponse those rappers would get from me is a yawn and a scratch of the balls.

    • Jay is the man

      see these other niggas spendin their money foolishly.. jay has been legit for damn near 15 years and these other fools need to take a word of advice. you dont need that gun nigga, invest the cash and ust shut the fuck up. publicity stunts and what not. GIVE IT UP!!!!!! No one needs to see you in jail for proof, no one beleives you anyway. Im talkin to YOU, JOC. CHUUCH!

  • Ali

    you’d think he’d have enough cash to just chill out haha guess not….gotta give em props tho

  • Trickdd

    THIS NIGGA DOIN IT BIG LIKE PAC I MEAN BIG LIKE B.I.G. BUILDIN INTERNET AND GAS THEM THE THREE THINGS MAKEIN THE MOST CASH IM A REAL NIGGA NOT A BUSTA BUT ILL BUST YOUR ASS THEN SHIT SWITCH QUICK COUSE THE BITCH YOU CAME WITH NO YOU A BITCH AND IM LEGET CUZ YOU THE ONE WIT DA FAT LIP THE SOUTH GOT ALOT TO DO WITH THIS IMA REPRESENT I AINT HATEN ON YOU NEW YORK NIGGAS BUT ITS ASHAME HOW YOU TALK BAD ABOUT THE SOUTH WE HAD ONE GRILL SONG AND EVERYBODY ACTIN LIKE THATS THE ONLY SONG THEY NO THE SOUTH PUT OUT STOP FOOLIN YOURSELF YOU NO THE SOUTH MAKE HIT AFTER HIT IF THE SOUTH AINT HOT IT AINT THE SOUTH 365 DAYS WE STAY HOT MAKEIN MUSIC THAT MAKE YOUR HEAD BOB THATS WHAT THE SOUTH ABOUT

    • ILLMATIC

      nigga, I can’t you come from the south and you don’t even know good southern music. Hit after hit, nigga if call soldier boy and all those waco ass rappers hits, then your stupid too. Have you even heard geto boys, scarface, southernplayalisticaddilacmusik by outkast or maybe ridin’ dirty by ugk?

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  • kiss

    he is so good at singing~~He seems to have a personal account at a millionaire&celebrity dating club”WealthyKiss.com”with his pictures and blog. He is so popular there. I hope I were him, thus I can date those hot girls there…LOL

  • co
  • Iglooo Senei

    “The mogul’s sale of his Rocawear clothing line to the Iconix Brand Group netted him $82 million, placing him just behind radio personality Howard Stern and 50 Cent.”

    Are we talking about earnings for ’07? Behind Stern and Curt in what aspect?

  • YOUNG TUNE

    LIKE ALL HATAS DONT HATE JAY IS WAT U CALL A TRUE HUSTLA AND THE TRUTH ALWAYS CUMS TO DA LIGHT NOW YALL DEFINETLY CAN GRAB YALL SHADES CAUSE HE IS DAT LIGHT

  • http://www.xxlmag.com 0 yea im s0 VA

    WOW big bizznizz that boy Hov ant no joke, 0 yea im s0 VA

  • http://www.BillionaireCupid.com Jennifer

    I am just a bit curious…His profile was found on millionaire dating site”BillionaireCupid’last week.

  • http://www.hip-hopkings.com Stu

    Is there anything Jay-Z has not got his hand in ?
    Ladies underwear?

    • Adetiba

      Na he’s into those too, Beyonce LOL

    • Adetiba

      Na he’s into those too, Beyonce LOL

    • EReal

      Yeah, Larry Johnson’s ladies underwear he be rockin.

  • latino heat

    damn jay, u are that dude. how did 50 make more than jay-z? besides the vitamin water deal it seemed like a pretty slow year for 50. did he finally go platinum? it seemed like jay had way more power moves. we have our new russell. please no yoga or siding with operah though.

    • REESE

      ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^
      YEA, IT’S ONLY BECAUSE OF VITAMIN WATER.

      • http://www.xxlmag.com noid

        50 cent in the game for 4 and a half years

        jay-z in the game for more then 10 years

        and 50′s neck and neck with him.what the fuck are ya’ll talking about?

  • RAP IS CRAP

    GOOD MOVE…ALL THE SMART MONEY IS GETTING THE FUCK OUT OF RAP MUSIC!

  • http://www.fittedcapcover.com M Sykes

    This dude has made all the right moves. You know his next thing will be a movie about his life from the corner to the penthouse…….run your numbers Jay

    http://www.fittedcapcover.com

  • Mr.Defrosted
  • barbarian at the gate

    Smart.

    Hotels on Manhattan?

    Sounds very slick.

    If you have money, make it work for you.

  • Brodie

    latino heat says:

    damn jay, u are that dude. how did 50 make more than jay-z? besides the vitamin water deal it seemed like a pretty slow year for 50. did he finally go platinum? it seemed like jay had way more power moves. we have our new russell. please no yoga or siding with operah though.
    ^^^^^^^^^^^^^^^^^^^^^^^
    it’s not money all together, it was for the most money made in one deal

  • http://cosmoliving.com raskizzo my nizzo

    get off his nuts and go get yours!

    look out for cosmoliving.com in ’08
    contemporary furniture for progressive lifestyles…

    look out for me fam!
    we doing it big.

  • http://HOTSKOOLZ.COM HOTSKOOLZ

    HE’S DEF THE DEFINITION OF HUSTLER!

  • Mr KCMO

    Hip Hop is dead……

  • barbarian at the gate

    ^^
    Naw man, it’s just starting to get smart.

  • http://www.myspace.com/deandresurrellthegreat seminary and e.16th

    i dont give a fuck about no dope game….everybody gottaplay a position…and its only one nigga eaten…uh uh….fuck da dope game because im a solo ridah….i rather rob da nigga wit da drugs….

    in oakland it aint no blood and crips but niggas be in groups jus like bloods and crips….

    i remember i had a candy painted park ave in 2001…and around that tyme niggas wasnt even pullin up n candy…way before mike jones made candy paint mainstream…..some niggas followed me while i was checkn traps and i got hella prank calls before i made my last move…….so i parkd my car wit da engine runni.then i got out and went up da driveway
    to go get my money and before i get to the car its gone……from dat day on i couldnt get no leads to it…i couldnt pay nobody to tell me where it was…so from that point on i was like ok…niggas wanna hate…i said fuck da dope game fuck da streets……

    i blame my dad for exposn me to that life.. because he never really school me on certain shit……so fuck da dopegame and everybody in it…the police know niggas servn on da corner…but if u dont switch up and invest it in onther way…they gone bust u….and half da niggas that been rollin in oakland for so long paynda police to look the other way….like jayz say ”the boys in blu who put greed before the badge.

    niggas be gettn caught wit a pistol on five year felony probation and only get 28 days and reistate the probation……hell naw…

    i hope everybody in da dopegame fall…and dont sell shit around where i lay because ima drop a dime on u niggas……

  • sean_izzle

    when is the new XXL cover comin?

    i bet Pimp C is gonna be on it or else who?

  • Wealthy White Target Audience

    Give him all the props you want, however not one of you posting on this site will ever spend a night in one of his hotels however… Jay will see to that.

  • kritiq

    while people like D’Haven are sitting on they lazy ass asking for hand outs reals niggas are doing real shit these days, and it’s not only jay, young Black niggas are getting they own shit together, so niggas have to choose who you wanna be like jay-z or broke ass D’ haven.

    • http://www.myspace.com/deandresurrellthegreat straight up killa

      fuck em all…..yall niggasaint da only niggas wit guns……from da hip not da lip.
      its blood on dis fuck a crip……..kill a nigga

    • Mr.Wang

      Preach!

  • GODKING7

    BROOKLYN STAY ON TOP ALWAYS!!!!!!!!

  • GODKING7

    BROOKLYN STAYS ON TOP ALWAYS!!!!!!!!!!!!!!!!

  • http://www.spymac.com/details/?2321924 Nico
  • truth 101

    i see yall idoits dont understand money in digits . just becuase you can invest with the big business doesnt mean you can hang with big business. look at nelly when he had to jump out the n.b.a. dont you think these people can push jay out the way same way he did others . when he looks around im sure he dont see the same color and i aint talking about mmoney dumby . yall might be to slow to catch up on that lol

    • EReal

      Yeah watch him turn into dude from “Empire” lol.

      White boy fuck him outta all his cash, lol.

  • ron

    I am proud of this brother, not nigga. Many say we don’t have the intelligence to make these kind of moves, to busy beefing about grillz and rims. This man embodies the true essence of hip hop by creating opportunities where there is none.

  • http://blogxilla.com BlogXilla

    I’m not mad at dude!! J. Hotels… lol I thought he was going to call it the Marcy. Oh well congrats I wrote a survival guide to motel loving if anyone wants to read it! Thanks for the idea xxl.

  • Brooklyn b

    truth 101
    yous an ass, who gonna push hov out? you think he got in the position he in now cause he dumb or aint on his grizzly? yous buggin’
    roc boyz 08 bitches

  • watchfreek

    LOL, My Man

  • Lynx

    I can’t hate on another nigga gettin cake.

    Get it done Jay.

  • jigga nigga

    JAY IS DOING BIG THING AND BIG BUSINESS. MORE HIP HOP ARTIST SHOULD GET THEIR BREAD RIGHT AND START HEAVILY INVESTING. MOST OF THESE NIGGAS DON’T HAVE 401K OR ANY TYPE OF INVESTMENT PORTFOLIO BUT THEY HAVE A THREE HUNDRED THOUSAND DOLLAR ROLLS ROYCE PHANTOM OR A MAYBACH IN THE DRIVE WAY OF THEIR RENTED HOME THAT THEY CAN ONLY AFFORD FOR 6 MONTHS UNTIL MTV CRIBS COMES. LISTEN TO BEANNIE SEGALS SONG “GUTTED” AND YOU WILL SEE MY POINT. BUT JAY, PUFF AND 50 SEEM TO BE SMART NIGGAS MAKING GOOD FINANCIAL DESICIONS. GET YOUR MONEY RIGHT.

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  • http://www.myspace.com/prosice prosice

    jay is doing the damn thing hes business and street smart others looking to make money should study his moves i kno i do lo0ol

    P

  • NIG

    I HATE HIM AS AN RAP ARTIST,BUT LOVE HIM AS A BUSINESS MAN……THATS REAL………AND IM MAD HE STOLE MY GIRL B AWAY FROM ME……….

  • http://www.myspace.com/randyrags Randy

    Make no mistake about it. Jay-z is the smartest rapper/mogul of all time.

  • Randy

    Jay-z is the smartest rapper/businessman in the game today.

  • http://www.myspace.com/deandresurrellthegreat deandre surrell

    the question is who is a billionaire?……
    outta twelve billionaire’s……they pickd jay-z the eight time…and no he’s not a billionaire people…dat nigga aint nuthn but a multi-billionaire like me…..only thing different about jay-z and me in camparison is…..he’s on tv im not.

    dont gimme a round of applause….this da first part of my act…..

    yall niggas rap right?….

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