Meet Norland James and his spouse, Dr. Amina Gilyard James, the homeowners of the latest Black-owned Quality Inn lodge in Memphis, Tennessee.
With the assistance of a cohort of first-time African American lodge traders, the 2 had been in a position to purchase the 70-room property situated within the Raleigh neighborhood a part of the town for $3.85 million.
Norland and Amina, nevertheless, usually are not new to the trade. Between 2019 and 2021, they invested in two Hilton-branded accommodations as restricted companions and passive traders. Amina feedback, “We learned a lot as limited partners, and we just knew that we wanted to buy our very own hotel in 2022. Ultimately, our goal is to acquire more midscale hotel properties in secondary markets in the Southern and Midwest regions of the country.”
More than prepared
The couple is greater than prepared for the acquisition that they’ve made.
Norland holds an MBA diploma from the University of Phoenix, and commenced investing in actual property when he was stationed within the Army at Fort Bragg. His…
2023-01-02 15:00:39 Black Couple Makes History as Hotel Owners, Acquires Quality Inn in Memphis For $3.85M
Source from finance.yahoo.com