Posted by Dave
Rap News Network
5/3/2006 7:05:45 AM
Samuel P. Leccima, the savvy financial strategist behind the groundbreaking Leccima Hospitality Trust (LHT), has scored another major coup by adding super producer and Grammy award winning songwriter Bryan-Michael Cox (Usher, Mariah Carey, Destiny's Child) to his hotel investment fund.
Leccima, a proud member of NABHOOD (National Association of Black Hotel Owners, Operators and Developers), sees the hospitality industry as a major draw for novice investors and those fearful taking risks on the stock market. Plus, with a new generation of wealth flaunting disposal income, (LHT) seeks to empower music executives and other business owners through fiscal responsibility and stable investments like hotels.
For Bryan- Michael Cox, whose creative genius broke the Beatles' record with The Most Consecutive #1 Hits on the Billboard Hot 100 Chart, his collaboration is all about brotherhood and building wealth.
"I am participating not only because it is obviously a lucrative opportunity for everyone involved, but it is also an opportunity for black men to come together and do something positive...without egos involved. Sam and I are successful in our respective fields, but the objective of this project is to build WEALTH. I am proud to be a part of a project where black men are coming together to sustain our communities and put greater emphasis on ownership, "says Cox.
Founder, Samuel P. Leccima created the trailblazing Leccima Hospitality Trust to get more blacks involved as owners, as opposed to merely consumers, in the hotel industry. (Black currently own fewer than 100 hotels out of more than 50,000.)
"Bryan is an extremely astute business person and revered music visionary. He has an intimate understanding of residual income as a successful songwriter/producer. Hotel ownership just rounds out the legacy he has built for himself," says Leccima.
For more information on Leccima Hospitality Trust visit www.leccima.com.
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