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

CGI Merchant Group, LLC | March 2, 2021

ATLANTA - March 2, 2021 - 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. With this announcement, Morris Brown becomes the only Historically Black College and University (HBCU) nationwide with both a flagged hotel and a hospitality management training pr...