After failing to buy the Mets, Alex Rodríguez is accelerating into another prevalent unit of the hotel business.
A-Rod is set to invest in a $ 650 million fund aimed at acquiring and developing 20 hotels in North America and the Caribbean over the next three years, according to the Miami Herald.
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The former Yankees Star Group is hoping to take advantage of the industry’s economic crisis caused by the COVID-19 epidemic, with Raul Thomas, head of a Miami-based investment firm working closely with Adi Chugh, founder of Maverick, Rodriguez, New York Has been doing. commercial properties.
He plans to represent hotels under the Hilton brand.
Rodriguez, 45, has invested in a number of businesses since retiring in 2016 from a baseball career that was largely tarnished by his continued lies due to the use of PEDs.
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But perhaps no one was more ambitious than her bid with fiancé Jennifer Lopez to buy the Mets.
After a month-long pursuit, the Wilpone family sold the hedge fund team in September for $ 2.42 billion to honor Steve Cohen.
Rodriguez, who is also an ESPN and Fox baseball analyst, and Lopez allegedly have total assets of approximately $ 700 million.