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CGI Merchant Group Hospitality Fund To Invest In Atlanta HBCU Morris Brown College With $30 Million Hotel Development Project


Press release content from PR Newswire. The AP news staff was not involved in its creation.
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. ....

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Georgia college to get Hilton-branded hotel, training complex


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 an ....

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