DOHA Morgans Hotel Group Co. will manage a Mondrian hotel in the capital of Qatar. The property is currently under construction and is expected to open in early 2013.
The 265-key hotel is located in the West Bay Lagoon, a prestigious and flourishing neighborhood of Doha, and will feature multiple restaurants and bars, an indoor/outdoor rooftop pool bar and a spa. The project is financed by a Qatar-based bank and is being developed and owned by one of the members of Qatar’s royal family.
“The developer is creating a spectacular hotel that we will be delighted to include in our collection. We are pleased to have been selected to manage the property over multiple other contenders,” says Morgans President Marc Gordon. “This agreement is another example of the international appeal of our brand, and every indication is that Doha will be a launching pad for further growth for us in the region. It is also consistent with our asset-light strategy of entering into long-term management contracts that expand our brands and leverage our strong marketing and management capabilities.”
Upon completion, Morgans will operate the hotel pursuant to a 30-year management contract with extension options. The transaction does not involve equity or other investment from Morgans.
Morgans also recently announced management agreements for new hotels in Cabo San Lucas, Turkey and New York City. Both the Turkey and Cabo properties will be branded under the Delano flag, while the New York hotel has not yet been flagged.