-Morgans Hotel Group to Operate Lifestyle Hotel.
Travel Business Review - 18 October 2010(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
Morgans Hotel Group Co (NASDAQ: MHGC), a hospitality company that owns and develops hotels and resorts in US, has entered into a letter of intent with Baha Mar Resorts, Ltd, a US-based hospitality company.
The company will operate and manage a new 300-room lifestyle hotel to be included as part of the Baha Mar Resort in the Bahamas.
Don Robinson, president of Baha Mar Resorts, said, 'We are truly excited to have Morgans Hotel Group manage and operate Baha Mar's lifestyle hotel. The Morgans Hotel executive team immediately saw the vision of our project and the opportunity of raising its flag in The Bahamas. Morgans Hotel Group has been a great partner with us throughout this process and we welcome them to be part of this one-in-the-world destination resort.'
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