Jay-Z Planning New J Hotels Venture

Mogul Jay-Z has invested in a real estate development venture named J Hotels, that recently purchased a $66 million dollar mid-block parcel in Manhattan.

The New York Post reports that Jay-Z and developers Abram Shnay, his son Scott and Charles Blaichman are planning on building an art gallery or a high-end hotel, that could be as high as 12 stories.

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