Friday, December 17, 2010

JAY-Z ABANDONS HIS NEW LUXURY HOTEL BRAND


Jay-Z performs on stage at Mt Smart Stadium on November 25, 2010 in Auckland, New Zealand.

*Jay-Z has scrapped plans to build a luxury hotel in his native New York after the venture became mired in litigation, reports the New York Post.

The rap mogul and his business partners have reportedly pulled out of the J Hotel project altogether and returned the site to its lenders for $52 million.

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