Monday, March 31, 2008

Morgans Hotel Group Announces Complete Renovation of Morgans, the Original Boutique Hotel

Morgans to be Temporarily Closed During Renovation Period


NEW YORK -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG") today announced that it will temporarily close Morgans, the original boutique hotel, on May 18, 2008 to undergo a complete renovation. The renovation will be led by internationally renowned designer Andree Putman, (photo top right) marking her return to update the iconic property.



Ms. Putman intends to pay homage to her original design of a "home away from home" while boldly propelling Morgans into the future to appeal to the contemporary guest. The renovations will include refurbishments of the lobby, guestrooms and penthouse. The "Living Room" will also be re-done and upgraded with a high-tech business center.


There are no changes planned for the property's signature restaurant, Asia de Cuba, which will remain open for the duration of the renovation. MHG expects to re-open the hotel in September 2008. (Morgans lobby, photo at right).


"Morgans, located in Manhattan's fashion district, is MHG's original property and is widely recognized as the first boutique hotel, offering guests both comfortable and artful accommodations with unparalleled service," said Fred Kleisner, (photo top left) President and Chief Executive Officer of MHG.


"Since its opening in 1984, Morgans has continued to attract a loyal following and remains a true New York City icon. We are pleased to work with the property's original designer to preserve the authenticity of the "urban home" concept of the hotel. We look forward to unveiling the renovations in the fall."

Hotel guests scheduled to stay at Morgans during this period will have an option of staying at either Royalton (located in midtown Manhattan) or Hudson (located blocks from Central Park).


MHG anticipates spending approximately $9.0 million on the renovation.

About Morgans Hotel Group

Morgans Hotel Group Co. (NASDAQ: MHGC) operates and owns, or has an ownership interest in, Morgans, Royalton and Hudson in New York, Delano and The Shore Club in Miami, Mondrian in Los Angeles and Scottsdale, Clift in San Francisco, and Sanderson and St Martins Lane in London. MHG and an equity partner also own the Hard Rock Hotel & Casino in Las Vegas and related assets.

MHG has other property transactions in various stages of completion, including projects in Miami Beach, Florida; Chicago, Illinois; SoHo, New York; Las Vegas, Nevada; and Palm Springs, California. For more information please visit http://www.morganshotelgroup.com/.

CONTACT

Jennifer Foley
Public Relations Director
Phone: 212.277.4166
475 10th Ave. - New York, NY 10018
Phone: 212 277 4100
Fax: 212 277 4290
Posted by Alex at 2:23 PM
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