Morgans Hotel Group Announces Complete Renovation of Morgans, the Original Boutique Hotel (United States)
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Morgans Hotel Group Announces Complete Renovation of Morgans, the Original Boutique Hotel (United States)
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Category: North America & West Indies / Carribean islands - United States - Industry economy
vRenovation / Addition
This is a press release selected by our editorial committee and published online for free on 2008-03-31
Morgans to be Temporarily Closed During Renovation Period
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 Andrée 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).
MHG anticipates spending approximately $9.0 million on the renovation.
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