21c Museum Hotels to Accelerate Expansion Following Formation of Joint Venture; Infusion of $250 Million Allows for Future Developments

21c Museum Hotels | September 15, 2016

Louisville, Kentucky. (September 15, 2016) -- 21c Museum Hotels and Junius Real Estate Partners ("Junius"), a specialized real estate investment unit of J.P. Morgan Private Bank, announced today that Junius Hospitality Partners ("JHP"), a fund managed by Junius, has made an investment in 21c Museum Hotels. Under the agreement, JHP will deploy dedicated capital toward building or acquiring properties for 21c's expansion. As part of the transaction, JHP will own a minority stake in the operating company. "21c is positioned for meaningful growth," said 21c Museum Hotels Co-Founder and CEO, Steve Wilson. "We have devoted significant time an...