DUBAI, United Arab Emirates,
April 13, 2015 /PRNewswire/
-- Morgans Hotel Group Co. (NASDAQ: MHGC), a global leader and
innovator in 'Creative Class' boutique hotels, today announced
its partnership with IFA Hotels & Resorts (IFA HR) to bring the
Delano brand to the Middle East
with Delano Dubai. Scheduled to open in 2017 as the third hotel in
the Delano portfolio, Delano
Dubai's 110-key deluxe hotel apartment property will be situated on
Palm Jumeirah and will form part of a contemporary mixed-used
resort development known as The8.
"Dubai is an ideal destination
for us to debut our first Delano
property in the Middle East," said
Jason Kalisman, Interim CEO of
Morgans Hotel Group. "The location and resort concept speaks to the
Delano guest experience of
providing an oasis of sensuality and soul, and where sophistication
and ease seamlessly blend with timeless design. Delano Dubai's
prime beachfront island location on Palm Jumeirah has a sleek
contemporary design and upscale resort facilities which will
attract an international clientele who embrace style, elegance and
luxury."
The 110 distinctive apartments will include one-, two-, and
three-bedroom units fully furnished and equipped to the highest
standards as well as a unique Presidential Suite. Guests of the
Delano Dubai property will feel a sense of familiarity and affinity
with the original Delano
properties in South Beach, Miami
and Las Vegas – all of which have
a clean, elegant contemporary aesthetic and a whimsical nature.
"Managing this hotel with their specialist asset management and
operational arm, IFA Hotel Investments, will enable us to benefit
from their extensive experience in development and operations in
this market, and allow us to work together to redefine Dubai's resort scene," continued Kalisman.
The8 is currently under construction and will feature both
Delano-branded hotel apartments as
well as residential properties offering diverse facilities and
entertainment. IFA Hotel Investments (IFA HI) will oversee the
asset management and operational aspect of the development.
Launched in 2014, The8 has been architecturally designed as
ultra-sleek and modern, drawing inspiration from the fashion,
design, and lifestyle elements of Miami's South Beach. The8 will contain
resort-style facilities including extensive water-sports, a gym,
tennis courts, a signature beachfront restaurant, beach cabanas,
barbeque and event areas, as well as dedicated amenities for young
families.
"The selection process saw many international brands interested
in the project and I am delighted with the final choice of the
Delano brand, backed by Morgans Hotel Groups' expertise," said
Joe Sita, IFA HI CEO, who led the
extensive operator search with the asset advisory team. "The
entrance of Morgans Hotel Group into this region, working alongside
our residential services teams, will augment a growing brand
implementation strategy within the city."
"This new management agreement with Morgans Hotel Group, one of
the USA's most celebrated boutique
hotel brands, brings a new design aesthetic and style of service to
the region," said Khaled Esbaitah, CEO IFA HR Middle East. "We
sought to ensure that whichever operator The8 introduced would add
significantly to the development's offer. We feel that with
Delano we have achieved the
perfect match."
Morgans Hotel Group Co. is widely credited as the creator of the
first "boutique" hotel and a continuing leader of the hotel
industry's boutique sector. Dedicated to building a differentiated
brand portfolio and establishing properties in 24 hour urban and
select resort markets, Morgans Hotel Group creates lifestyle hotels
with a vibe that encourages guests to live every moment more
intensely. Morgans Hotel Group is immersive, transformative and
deeply engaging; embracing irony and style, elegance and luxury,
with strong and daring vision. The group's international hotel
portfolio brings together the creative power of many – designers,
artists, musicians – to bend the rules, stretch the realm of
possibility and constantly push the boundaries of what a hotel can
be.
For more information on Delano Dubai, please visit
www.delanodubai.me
About Morgans Hotel Group
Morgans Hotel Group Co. (NASDAQ: MHGC) is widely credited as the
creator of the first "boutique" hotel and a continuing leader of
the hotel industry's boutique sector. Morgans Hotel Group operates
Delano in South Beach, Mondrian in
Los Angeles, New York, South Beach and London, Hudson in New York, Morgans and Royalton in New York, Clift in San Francisco, Shore Club in South Beach and
Sanderson and St Martins Lane in
London. Morgans Hotel Group has ownership interests or owns
several of these hotels. Morgans Hotel Group also has expanded its
brand through Delano in
Las Vegas, a licensed hotel, and
10 Karaköy in Istanbul, Turkey, a
franchised hotel. Morgans Hotel Group has other hotels in various
stages of development to be operated under management or franchise
agreements, including a Mondrian property in Doha, Qatar. For more information please visit
www.morganshotelgroup.com.
About IFA Hotels & Resorts
Listed on the Kuwait Stock Exchange, IFA Hotels & Resorts
(IFA HR) is a worldwide leader in the development of mixed-use
hotel and residential resort projects as well as luxury leisure
services. The company's main shareholder is Kuwait-based International Financial Advisors
and it currently has a market capitalisation of $US1billion. In 2010, IFA HR created IFA Hotel
Investments (IFA HI) to provide strategic direction to its
operational assets and expand its portfolio within the hospitality
industry.
IFA HR's existing portfolio incorporates projects in the
Middle East, Europe, Africa, the Indian Ocean, Asia and North
America. For more information please visit
www.ifahotelsresorts.com.
About IFA Hotel Investments:
IFA Hotel Investments (IFA HI) is a wholly owned subsidiary of
publically listed IFA Hotels & Resorts. IFA HI's role is to
lead, on a worldwide scale, IFA Hotels & Resorts' operational
asset portfolio including its hotels, hotel condominiums and other
commercial ventures. IFA Hotel Investments also oversees the
company's private residence clubs and vacation clubs, including its
newest venture in this arena – Aria Vacation Club. IFA HI focuses
mainly on assets in emerging markets; an area in which the company
has an advantage through applying a proven formula of asset class
diversification. Leading similar expansion efforts in developed
markets is YOTEL, the world's most radical hotel concept, in which
IFA HR has a majority stake and which IFA HI oversees.
Contacts:
Nathaniel
Garnick / Robyn Nentwig
Sard Verbinnen & Co
212.687.8080
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SOURCE Morgans Hotel Group Co.