Morgans Hotel Group
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Morgans Hotel Group
Morgans Hotel Group (NASDAQ: $MHG) was a global, publicly-traded hotel company founded by Ian Schrager, inventors of the boutique hotel category with the 1984 opening of Morgans Hotel in New York City. MHG was listed on the NASDAQ exchange for over a decade. History 1984-2006: Ian Schrager's Morgans Hotel: World's first boutique hotel In 1984, Studio 54 cofounder, Ian Schrager and his business partner Rubell opened their first hotel, Morgans Hotel, named after John Pierpont (JP) Morgan's Morgan Library & Museum next-door. Designed by Andrée Putman, the instant hit introduced the boutique hotel category, becoming a "worldwide phenomenon." It has triple-arched entrances that remain today. Royalton Hotel & Paramount Hotel: Lobby socializing Following the success of Morgans Hotel, they opened the well-received Royalton Hotel and Paramount Hotel, both designed by Philippe Starck. With these properties, Schrager introduced "lobby socializing" where the hotel lobby became a new kind o ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Paramount Hotel
The Paramount Hotel (formerly the Century-Paramount Hotel) is a hotel in the Theater District of Midtown Manhattan in New York City, United States. Designed by architect Thomas W. Lamb, the hotel is at 235 West 46th Street, between Eighth Avenue and Broadway. The Paramount Hotel is owned by RFR Realty and contains 597 rooms. The hotel building, designed in a Renaissance style, is a New York City designated landmark. The hotel is 19 stories tall and is H-shaped in arrangement, with light courts to the west and east. The north and south faces of the hotel contain numerous setbacks. The facade is made of brick, stone, and terracotta; most of the decorative detail is concentrated on the south facade, along 46th Street. The hotel building contains a double-height colonnade at street level, as well as several terraces above each of the setbacks. The building has a double-height hip roof flanked by mansard roofs. The basement contains an event venue named Sony Hall, which has his ...
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Boutique Hotel
Boutique hotels are small inventory, design driven, unique hotels with their own character, personality and storytelling at the heart of their concept. Positioning is secondary for these hotels as they focus on authenticity and personalization. They capitalize on the desire for rich experiences by incorporating elements such as nature and environment, cuisine, history, local culture and community, service and wellness. History Boutique hotels began appearing in the 1980s in major cities like London, New York, and San Francisco. Two of the first opened in 1981: Blakes Hotel in South Kensington, London (designed by Anouska Hempel) and the Bedford in Union Square, San Francisco (the first in a series of 34 boutique hotels currently operated by the Kimpton Group). Although there is some debate as to whether it was the first boutique hotel, Morgans, founded by Ian Schrager and Steve Rubell in New York City, is the most notable of the era; it debuted in 1984. San Francisco & Los ...
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Hotel
A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a refrigerator and other kitchen facilities, upholstered chairs, a flat screen television, and En-suite, en-suite bathrooms. Small, lower-priced hotels may offer only the most basic guest services and facilities. Larger, higher-priced hotels may provide additional guest facilities such as a swimming pool, business centre (with computers, printers, and other office equipment), childcare, conference and event facilities, tennis or basketball courts, gymnasium, restaurants, day spa, and social function services. Hotel rooms are usually Room number, numbered (or named in some smaller hotels and Bed and breakfast, B&Bs) to allow guests to identify their room. Some boutique, high-end hotels have custom decorated rooms. Some hotels offer meals as part ...
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NASDAQ
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges. History 1971–2000 "Nasdaq" was initially an acronym for the National Association of Securities Dealers Automated Quotations. It was founded in 1971 by the National Association of Securities Dealers (NASD), now known as the Financial Industry Regulatory Authority (FINRA). On February 8, 1971, the Nasdaq stock market began operations as the world's first electronic stock market. At first, it was merely a "quotation system" and did not provide a way to perform electronic trade ...
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New York (state)
New York, officially the State of New York, is a state in the Northeastern United States. It is often called New York State to distinguish it from its largest city, New York City. With a total area of , New York is the 27th-largest U.S. state by area. With 20.2 million people, it is the fourth-most-populous state in the United States as of 2021, with approximately 44% living in New York City, including 25% of the state's population within Brooklyn and Queens, and another 15% on the remainder of Long Island, the most populous island in the United States. The state is bordered by New Jersey and Pennsylvania to the south, and Connecticut, Massachusetts, and Vermont to the east; it has a maritime border with Rhode Island, east of Long Island, as well as an international border with the Canadian provinces of Quebec to the north and Ontario to the northwest. New York City (NYC) is the most populous city in the United States, and around two-thirds of the state's popul ...
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Todd Boehly
Todd Boehly (born September 20, 1973) is an American businessman and investor. He is the co-founder, chairman, chief executive officer and controlling member of Eldridge Industries, a holding company headquartered in Greenwich, Connecticut. He is also the interim CEO of the Hollywood Foreign Press Association and co-owner and chairman of football club Chelsea. Early life and education Boehly, whose grandparents emigrated from Germany, attended Landon School in Bethesda, Maryland, graduating in 1991. He was a member of the school's wrestling team, which won I.A.C. championships in both 1990 and 1991. In 2014, Landon named their facilities the Boehly Family Wrestling Room in Boehly's honor. Boehly graduated from the College of William & Mary in 1996 with a Bachelor of Business Administration in Finance. He also studied at the London School of Economics. While at the London School of Economics, Boehly began working at Citibank and then at CS First Boston. Career 1996–2015 ...
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SBE Entertainment Group
SBE (''SamyBoy Entertainment'') is a privately held lifestyle hospitality company. SBE owns and operates over 20 hotels, 70 restaurants, and 42 lounges, and shares its headquarters between Los Angeles, New York City, and Miami. History SBE was established in 2002 by founder and CEO Sam Nazarian. SBE's established and upcoming hotel brands include SLS Hotel & Residences, Delano, Mondrian, Redbury, Hyde Hotel & Residences, Clift, Hudson, Sanderson and St Martins Lane. In November 2016, SBE acquired Morgans Hotel Group adding 13 boutique hotels to its portfolio, including New York's Hudson, the Mondrian and Delano brands, as well as Morgans Originals. Although Morgans was a public company, SBE acquired it in a "take-private" transaction, and therefore, SBE continues to be a private company. In June 2020 all of SBE's hotel holdings were sold to Accor. In the same Month, SBE founded C3 by SBE, a ghost kitchen startup. Management Nazarian holds majority ownership of SBE, and ...
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Ron Burkle
Ronald Wayne Burkle (born November 12, 1952) is an American businessman. He is the co-founder and managing partner of The Yucaipa Companies, LLC, a private investment firm that specializes in U.S. companies in the distribution, logistics, food, retail, consumer, hospitality, entertainment, sports, and light industrial sectors. Yucaipa has executed grocery-chain mergers and acquisitions involving supermarket chains including Fred Meyer, Ralphs, and Jurgensen's, and once owned stakes in about 35 companies, including the grocery chains A&P and Whole Foods Market, before their respective demise and takeover. Burkle's net worth was estimated at US$2 billion in February 12, 2018. He had been ranked No. 633 on Forbes' list of "The Richest People on The Planet 2014." Burkle is a prominent Democratic activist and fundraiser. Early life and education Ron Burkle was born on November 12, 1952, the elder of two sons, to Betty and Joseph Burkle in Pomona, California. Joseph worked seven ...
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Sanderson Hotel
The Sanderson Hotel is a hotel on Berners Street, London, built in 1958 as the new headquarters and showroom for Arthur Sanderson and Sons, manufacturers of wallpaper, fabrics and paint, for the company's centennial. The building was designed by architect Reginald Uren, of the architectural firm, Slater and Uren. The original design allowed for dynamic room configurations. The building surrounds a courtyard with a Japanese garden designed by Philip Hicks. The Sanderson building was listed Grade II* by English Heritage in 1991. After refurbishment by Philippe Starck and Denton Corker Marshall, it was reopened by Morgans Hotel Group as the Sanderson Hotel on 25 April 2000. In 2019 the hotel was sold to Vivion, a real estate firm backed by the Israeli tycoon Amir Dayan. The hotel occupies the site of 54 Berners Street, known for the Berners Street Hoax of 1810. Design features The building was constructed with a modernist steel and glass frontage that is seen in the opening foo ...
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Clift (hotel)
The Clift Royal Sonesta Hotel is a historic hotel located two blocks from Union Square at the intersection of Geary Street and Taylor Street, San Francisco, California. History In 1913, Frederick C. Clift, an attorney from a large family in the Sierra foothills, commissioned a 300-room hotel on a lot the family had inherited. The architect, a former student of Ecole de Beaux Arts, was George Applegarth and Kenneth A. MacDonald Jr. of MacDonald and Applegarth, the former of whom also designed the Palace of the Legion of Honor. The hotel opened on February 1, 1915, to serve crowds attending the Panama–Pacific International Exposition. Advertised as the first hotel in San Francisco to be fire and earthquake proof, with its 1924 addition of 3 floors, it became the largest hotel in the state. The hotel's Art Deco Redwood Room bar was added in 1933, paneled with wood from a single redwood tree. Canadian Four Seasons Hotels acquired an interest in the hotel in 1976, and began manag ...
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Delano Las Vegas Hotel
Delano Las Vegas (formerly known as THEhotel) is a 43-story 1,117-room luxury suite hotel. It is owned and operated by MGM Resorts International. It is located within the Mandalay Bay complex on the Las Vegas Strip in Paradise, Nevada. It opened on December 17, 2003, as "THEhotel at Mandalay Bay." In 2012, owner MGM Resorts International announced a partnership with Morgans Hotel Group to rebrand the hotel as Delano Las Vegas. Construction to rebrand the hotel began in April 2014. Several floors were worked on at a time, allowing much of the hotel to remain open during renovations. The Delano held its grand opening ceremonies in September 2014. The hotel includes an Alain Ducasse restaurant called "Rivea" and a lounge called "Skyfall", both located at the top of the hotel. History On May 23, 2002, the Mandalay Resort Group announced plans to build a 1,122-room all-suite hotel tower. The 41-story tower would connect to the company's Mandalay Bay resort on the Las Vegas Strip. The ...
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