Morgans Hotel Group
| Company type | Private 1984-2006 Publicly traded (NASDAQ: $MHG) February 14, 2006-November 30, 2016 Private 2016-2017 |
|---|---|
| Industry | Hospitality, real estate development, investments |
| Founded | 1984 |
| Defunct | 2017 |
| Headquarters | 475 Tenth Avenue New York City, NY, U.S. |
Area served | Worldwide (Doha, London, Istanbul, Los Angeles, Las Vegas, Miami, New York City, San Francisco) |
Key people | Ian Schrager Chairman, Founder, and CEO (1984–2005) Jason Kalisman Chairman & Interim Acting CEO (2013–2015), representing grandfather Alfred Taubman's interests Lance Armstrong Board Member (2006) Sam Nazarian CEO (2016–2017) |
| Brands | Morgans Hotel Royalton Hotel Paramount Hotel Delano South Beach Mondrian Hotel Hudson Hotel Clift Hotel Sanderson Hotel |
| Owner | Ian Schrager (1984–2006) Alfred Taubman family (13%, until 2016) Ron Burkle (2009–2017) SBE Entertainment Group/Todd Boehly (2016–2017) |
Number of employees | 2000 (2006 IPO) |
| Website | morganshotelgroup |
Morgans Hotel Group (NASDAQ: $MHG) was a global, publicly-traded hospitality company founded by Ian Schrager and specialized in the boutique hotel category. Its foundations were laid in 1984 with the opening of the namesake Morgans Hotel in New York City. MHG was listed on the NASDAQ exchange for over a decade.