| Type |
Public traded_as = 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 worldârenowned designer. The company is generally credited with inventing the Boutique Hotel in 1984 when it opened Morgans Hotel in New York.
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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.