Morgans Announces Renovation of the Original Boutique Hotel
MARCH 28, 2008. 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 Andr'ee Putman, 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, 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, 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).
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