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Former NBA player buys a Hilton hotel

If the NBA lockout doesn’t get resolved anytime soon, basketball players might learn a lesson from NBA Hall of Famer David Robinson about life beyond the court.

The former center for the San Antonio Spurs is adding hotel co-owner to his resume.

This week, Hilton Worldwide announced that the Admiral Capital Real Estate Fund, co-owned by Robinson, acquired a majority share in the Hilton Garden Inn Houston Energy Corridor, a three-year-old, 190-room hotel catering to oil and gas clients.

Financial terms of the sale were not disclosed.

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It is Admiral’s first investment in the hotel sector. The fund, which has more than $100 million in assets, also has a partnership with USAA Real Estate Company, and has pledged 10 percent of its profits to philanthropic causes, such as improving education and creating jobs in lower income communities.

Robinson told USA TODAY that his goal is “to not only obviously build a great business but also to use some of the funds to enhance the things we are doing in the community.”

Alas, don’t expect Robinson to be standing behind the front desk. He said he will visit the property from time to time, but that it will continue to be managed and partially owned by American Liberty Hospitality of Houston.

“We’re always looking to build long-term partnerships with like-minded companies,” Christopher J. Nassetta, president and CEO of Hilton Worldwide said in a press statement.

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