ALL ACHIEVEMENT, ALL EARNED RICHES, HAVE THEIR BEGINNING IN AN IDEA!

Robert Johnson to Buy 100 Hotels for $1.7 Billion

Robert Johnson, founder of Black Entertainment Television, said his investment company has signed a deal to buy 100 hotels for $1.7 billion.

The 100 White Lodging Services Corp., hotels mostly under the Marriott name and located in Indiana, Texas and Illinois, will be staggered, with deals for the first group of 87 hotels is expected to close in the second quarter of 2006. The remaining 13 hotels, which are currently under construction or recently completed, are scheduled to close over the next 18 - 24 months, Johnson's company, RLJ Development LLC, said yesterday.

"We are thrilled to add these hotel properties to the RLJ Development portfolio," stated Robert L. Johnson, CEO and Chairman of RLJ Development.

Tags: Robert L. Johnson
Related News:

 Robert Johnson to Establish U.S. Banking Franchise
Links:

Robert Johnson Black Entrepreneur Profile

Related Sponsors:

If you like this article then please consider subscribing to our RSS feed. You can also subscribe by Email and have new posts sent directly to your inbox. You can also subscribe by adding our feed to one of the following services by clicking on the appropriate buttons.

 digg.comgoogle.comYahooMyWeblive.comdel.icio.usask.comRedditstumbleupon.comTechnorati

We invite you to join our Friends Connect/OpenSocial community, you can sign in using your Google, Yahoo, AIM, or OpenID usernames and passwords.

Recent Articles

Oprah Only Black On 400 Richest American List 2011

Forbes magazine has released it's annual ranking of America's 400 richest p

Mayweather's $40 Million Fight Night

On Saturday night, Floyd Mayweather Jr. will make tens of millions of dolla

Mark Cuban On How to Get Rich

Billionaire Mark Cuban has re-post a blog he wrote almost 3 years ago in li

Sylvia Rhone Departs as Head of Universal Motown

The management shake-up at Universal Music Group continues as Sylvia Rhone,

LeBron James In Deal For Minority Ownership In Liverpool FC

LeBron James has signed a marketing deal with Fenway Sports Group, the owne

Jay-Z Launches New Lifestyle Site

Shawn Carter aka Jay-Z, continues the expansion of his empire with the laun

Black Billionaires 2011

Dr. Mike Adenuga

Forbes magazine has released it's annual ranking for 2011 of the worlds ric

Urban Hustler Sponsors
Join Our Community

You can sign in using your Google, Yahoo, AIM or OpenID usernames and passwords.

Loading...
UrbanHustler.com - From The Street To The Boardroom.

© Errim Styles Network. All right reserved.