Group of Black investors who bought a $3.8 million hotel last year set to acquire second hotel

(BlackNews.com) – Just over a year after acquiring a hotel in Memphis, Tennessee – making them the only Black hotel owners in Memphis – power couple Norland and Dr. Amina James are set to do it again. This time, the serial entrepreneurs and founders of Duke Ventures are leveling up to a stunning 120-room hotel set on the picturesque backdrop of the Louisiana Bayou. And they’re bringing a whole community with them. With their acquisition in Memphis, the couple created 30 Black first-time hotel investors. The impact of this monumental occasion was felt as the investors traveled to Memphis to tour the hotel and connect with local leaders. Related Stories “We wanted to give our investors a behind-the-scenes look into the hotel industry. We’re happy to report that one of our investors is currently in the process of buying her own hotel and we couldn’t be more excited,” Norland James said. Less than 2% of hotels in the U.S. are Black-owned, according to the National Association of Black Hotel Owners, Operators and Developers. “This dream is bigger than us. It’s about increasing the number of Black hotel owners and investors through education and opportunity,” Amina James said. With the success...