Ex-NBA Star Magic Johnson Aims for a Three-Pointer in Hotels
(DailyFinance.com) — Johnson, 50, has made extensive real estate investments since retiring from the Lakers in 1991 (he made a brief comeback five years later), including shopping centers, movie theaters and Starbucks coffee shops in urban, largely minority-populated areas. And he has stepped up his investments in hotels over the past few years as a way to both make money and to create jobs and services in communities underserved by real estate investment.
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