JAY-Z'S HOTEL GROUNDED?

The development of a New York hotel rapper JAY-Z invested in is on hold because the star and his partners cannot pull in further financing for the project. The Big Pimpin' hitmaker - real name Shawn Carter - ploughed money into J Hotels, which acquired a $66 million plot to build a high-end hotel in the Big Apple.

But due to the ailing economy, partners have failed to pull in investors and there is now a $370 million shortfall in funds, as even the banks won't back the property development. Charles Blaichman, one of Jay-Z's partners, tells The New York Times, "A year ago it would have seemed a reasonable amount. Not now. Even the banks who want to give us money can't."

Get real Jay? This is not the time to be showing off your stacks. The economy is too sour. Not even one person will check in that hotel.