Morgans Hotel Group to Manage the Delano in Cabo San Lucas

Morgans Hotel Group Co. announced today it has entered into three management agreements for hotels in urban and resort markets around the world. Among the new agreements, Morgans plans to bring its Delano brand to two hotels in resort destinations outside of the United States.

Morgans recently signed a hotel management agreement for a 114-key Delano on the beach at the tip of the Baja Peninsula 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 and fresh local seafood, tropical drinks and fare at the bar, the warmth and hospitality of a destination spa, and other amenities found in a Delano-branded resort. The hotel is currently under construction and is expected to open early in 2013.

Morgans also signed a management agreement for a 200-key Delano on the Aegean Sea in Turkey, an exclusive, high-end resort destination easily accessible from Istanbul and other key European locations. In addition to the guest rooms, the resort is expected to feature up to 50 branded residences, several restaurants and bars with international as well as local cuisine, a traditional Turkish spa, indoor and outdoor meeting venues, and a particular focus on water sports facilities as the area is known as one of the windsurfing capitals of the world. Expected to open in 2013, this will be Morgans' first hotel in the region.

Morgans also entered into a management agreement for a 175-key hotel in New York City in the Highline area. The hotel will be branded as one of Morgans' existing brands. The hotel is currently under development and is expected to open in 2014. Morgans currently is keeping additional details confidential with more information to follow in the future.


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