Morgans Hotel Group

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Morgans Hotel Group
Public
Traded as NASDAQMHGC
Industry Hotels
Founded 1984; 33 years ago (1984)
475 Tenth Avenue
New York, New York
Founder Ian Schrager
Headquarters 475 Tenth Avenue
New York, NY,
United States
Area served
Boston, New York, Miami, Los Angeles, San Francisco, Las Vegas & London
Key people
Jason Kalisman, Interim CEO
Brands Delano
Mondrian
Hudson
Website Morgans Hotel Group

Morgans Hotel Group (MHG) is a hospitality company that owns & operates boutique hotels, as well as acquiring and redeveloping in the United States and Europe. Among the hotel chains/brands belonging to the Morgans Hotel Group are Delano, Mondrian, Hudson, and A Morgans Original.

MHG owns or partially owns and manages thirteen hotels in London, Los Angeles, Miami, Las Vegas, New York and San Francisco comprising over 3,000 rooms. Each of its hotels was designed by a world−renowned designer.

History[edit]

The company is generally credited with inventing the Boutique Hotel in 1984 when it opened Morgans Hotel in New York.

The Delano Las Vegas opened in 2014 as a rebranding of THEhotel at Mandalay Bay, in partnership with MGM Resorts International.[1][2]

In 2012 it was announced that Morgans would be overhauling Sea Containers House in London to be launched as a Mondrian Hotel in 2014. The design of the hotel was awarded to the Tom Dixon (industrial designer) led Design Research Studio.[3] The hotel, Mondrian London At Sea Containers, opened on 30 September 2014.[4]

In the spring and summer of 2013, Morgans became the bone of contention in a proxy war between OTK Associates, a, investment vehicle for the Olshan and Taubman real estate interests, and Yucaipa, the investment alter ego of Ron Burkle.

In 2014, Morgans Hotel Group opened its first hotel in Turkey on 18 November which is located in an historical building, Eski Balıklı Han. 10 Karaköy A Morgans Original is located in Karaköy, city’s cultural and historical center. The architectural work of the historical Büyük Balıklı Han has been undertaken by award-winning architect Sinan Kafadar – METEKS Group which used to be a hospital in 19th century. Tuğba Doğan and Evren Basık has been assigned as the art consultants of the hotel.

In May 2016, SBE Entertainment Group agreed to acquire Morgans Hotel Group. The combined company would own or operate 20 hotels, including properties under SBE's flagship SLS brand.[5] The transaction was completed on November 30, 2016.[6]

MHG Hotels[edit]

References[edit]

  1. ^ "The Hotel to be rebranded as Delano Las Vegas". Las Vegas Review-Journal. August 6, 2012. Retrieved 2012-08-07. 
  2. ^ "The Delano Las Vegas". MGM Resorts International. Retrieved 12 September 2014. 
  3. ^ "Tom Dixon to turn Sea Containers House into Mondrian Hotel". Design Week. Retrieved 3 January 2014. 
  4. ^ "Mondrian London At Sea Containers". Morgans Group LLC. Retrieved 12 September 2014. 
  5. ^ "SBE Entertainment to Acquire Morgans Hotel Group". The Wall Street Journal. May 9, 2016. Retrieved January 29, 2017. 
  6. ^ "SBE Entertainment Concludes Morgans Hotel Acquisition". The Wall Street Journal. December 1, 2016. Retrieved January 29, 2017. 
  7. ^ Shore Club Hotel
  8. ^ St Martins Lane Hotel
  9. ^ [1]

External links[edit]