NEW YORK CITY Morgans Hotel Group has signed management agreements for three new hotels, including Delano-branded resorts in Mexico and Turkey.
Morgans will manage a 114-key Delano on the beach in Cabo San Lucas, Mexico, overlooking the Sea of Cortez. Along with the hotel, the resort is expected to feature 23 branded residences, a restaurant offering modern Mexican cuisine and local seafood, tropical drinks and fare at the bar, the warmth and hospitality of a destination spa, and other amenities found in a Delano-branded resort. The hotel is currently under construction and is expected to open early in 2013.
Morgans has also signed a management agreement for a 200-key Delano on the Aegean Sea in Turkey. The resort is expected to feature up to 50 branded residences, several restaurants and bars, a traditional Turkish spa, indoor and outdoor meeting venues, and a particular focus on water sports facilities. Expected to open in 2013, this will be Morgans’ first hotel in the region.
Further, Morgans has entered into a management agreement for a 175-key hotel in New York City in the burgeoning Highline area. The hotel will be flagged by one of Morgans’ existing brands. The hotel is currently under development and is expected to open in 2014. Morgans is keeping further details confidential, with more information to follow in the future.
“These agreements demonstrate the continued strong appeal of Morgans’ hotels both in the U.S. and abroad, and our ability to enter into transactions structured per our stated business plan with long-term management and branding contracts without significant investment by MHG,” says Morgans President Marc Gordon. “We are particularly pleased to expand our portfolio to new non-U.S. destinations, which we are confident will be just the tip of the iceberg of our future international expansion.”