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-Morgans Hotel Group, Capital Group to open Delano Moscow.


Morgans Hotel Group (NASDAQ: MHGC) said it plans to extend its signature luxury brand into Russia with the opening of Delano Moscow, the third international Delano-branded property, following the opening of Delano Marrakech slated for September 2012, and Delano Cesme scheduled to open in 2015.

This announcement is the latest progression in the New York-based hospitality management company's extensive international growth plan for its Delano luxury brand. Morgans Hotel Group's Delano first opened its doors in 1995 in Miami's trendy South Beach.

Delano Moscow will be situated in Moscow's new International Business Center, also referred to as Moscow-City, Russia's first ever mixed-use space, combining high-end residences, offices and retail in one impressive complex.

Morgans Hotel Group's newest Delano will be part of Capital Group's OKO project within Moscow City, a new development that will offer spaces designed for luxury living, business and entertainment.

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Date:Aug 17, 2012
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