The Morris Brown board of trustees approved the deal that will involve a long-term land lease on the school’s quadrangle and an overhaul of Griffin Hightower Hall, a low-rise building next to the historic Fountain Hall.
Crews will build a 150-room hotel under the Tapestry Collection by Hilton. The project, which is funded through CGI’s recently launched $650 million Hospitality Opportunity Fund, will also include three restaurants and space to train students.
“This is not just a commercial investment,” Raoul Thomas, founder, and CEO of CGI Merchant Group told Atlanta Business Chronicle. “We will be working with Hilton to support curriculum development and to provide guest lecturers.”