Morgans Hotel Group

Morgans Hotel Group

Type	Public (NASDAQ: MHGC)
Founded	New York, New York
Founder(s)	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	Michael Gross, CEO
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.

MHG owns or partially owns and manages twelve hotels in Boston, New York, Miami, Los Angeles, San Francisco, and London comprising over 3,000 rooms. Each of its owned hotels was acquired and renovated by the Morgans Hotel Group and was designed by a world−renowned designer. The company is generally credited with inventing the Boutique Hotel in 1984 when it opened Morgans Hotel in New York.

History

Founded "the first boutique hotel" - Morgans Hotel in 1984.

In February 2006, Morgans Hotel Group had their IPO. [1]

On May 11, 2006, a definitive agreement was signed to purchase the Hard Rock Hotel from Peter Morton for $770 million. As part of the deal, the company has the rights to use the Hard Rock name for hotels and casinos in the Western United States and certain other territories. Also, 23 acres (9.3 ha) of land for expansion as well as the Hard Rock Cafe on the corner of Harmon and Paradise.

The company most recently opened Ames in Boston in 2009.

The company will open its fourth New York hotel and third Mondrian in February 2011.

MHG Hotels

• New York
  • Morgans Hotel- style designed by Andree Putman
  • Royalton Hotel- style designed by Phillipe Starck
  • Hudson Hotel
  • Mondrian Hotel

• South Beach
  • Delano Hotel
  • Shore Club Hotel
  • Mondrian Hotel- style designed by Marcel Wanders

• Los Angeles
  • Mondrian Hotel-style designed by Benjamin Noriega Oritz

• San Francisco
  • Clift

• London
  • St Martins Lane Hotel
  • Sanderson Hotel

• Boston
  • Ames Hotel

References

External links

• Morgans Hotel Group
• Interview with VP of Design Mari Balestrazzi