MJ Holdings has plans for a new line of hotels
MJ Holdings is a Las Vegas-based holding company that targets the cannabis industry. It offers complete seed-to-sale services to the regulated cannabis industry and has even bigger plans. It has announced the introduction of a new line of hotels that are designed for the cannabis enthusiasts.
The hotels will be based on the health and wellness aspects of cannabis and will be built in partnership with Roger Bloss, a well-known hotel developer and the man behind the Americas Best Value Inn brand. He is also the CEO and president of Alternative Hospitality, Inc., a division of MJ Holdings. At the head of ABV, the company grew to have more than 1,100 properties in its portfolio in a little more than 11 years and was the tenth largest hotel chain in the world.
The first hotel will see its construction begin later this year. It will be the Coachill Inn Resort, a hotel with 150 rooms located in Desert Hot Springs, CA.
Says Bloss, “The Coachill Inn Resort will attract travelers who are looking for an experience and the opportunity to safely experiment. People from all over the world come to the Coachella Valley for business, tourism and the famed Coachella and Stagecoach music festivals. And now they can learn about the health and wellness benefits of hemp, CBD and cannabis.”
Eventually, California could see three of the cannabis hotels, Michigan and Oklahoma one each and Las Vegas, three. Each costs around $125,000 per room to build and the land cost is separate.
Adds Bloss, “Some people call me a disruptor – and I like that. I disrupted the franchise industry with a new franchise model that has become the standard for many brands, and now I’m going to be the first to bring together the hospitality and cannabis industries.”