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Morgans Expanding Hotel Portfolio

Morgans Hotel Group signed management agreements for several new hotels, including a Delano-branded resort in Mexico and a boutique hotel in New York City.

Morgans will manage a 114-room Delano 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, a destination spa and other amenities. The hotel is currently under construction and is expected to open early in 2013.

Morgans also entered into a management agreement for a 175-room 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. No further information has yet been announced. [