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CGI Merchant Group Hospitality Fund to Invest in Atlanta HBCU Morris Brown College With $30 Million Hotel Development Project
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CGI Merchant Group Hospitality Fund To Invest In Atlanta HBCU Morris Brown College With $30 Million Hotel Development Project
March 1, 2021 GMT
ATLANTA, March 1, 2021 /PRNewswire/ CGI Merchant Group, LLC (CGI) a minority-owned global investment management firm with a focus in real estate and private equity announced today it will make a $30 million investment in the historic Morris Brown College to convert existing facilities into a 150-key upscale hotel and hospitality management training complex. Construction of the 90,000-square-foot state-of-the-art facility is expected to begin later this year.
Mar 2, 2021 10:29am
Construction of the 90,000-square-foot hotel and hospitality management training complex at Morris Brown College is expected to begin later this year. Photo credit: Morris Brown College
CGI Merchant Group, a minority-owned global investment management firm with a focus in real estate and private equity, will invest $30 million in the historic Morris Brown College to convert existing facilities into a 150-room upscale hotel and hospitality management training complex. Construction of the 90,000-square-foot facility is expected to begin later this year.
This project makes Morris Brown the only Historically Black College and University nationwide with both a flagged hotel and a hospitality management training program on its campus. The hotel will join the Tapestry Collection by Hilton. The property will have two food-and-beverage outlets, an outdoor terrace and instructional space for the school’s hospitality students. The venture marks another milestone