Morgans Hotel Group and Capital Group Announce Delano Moscow
NEW YORK—Morgans Hotel Group announced plans to extend their signature luxury brand into Russia with the opening of Delano Moscow, the third international Delano-branded property, following the opening of Delano Marrakech slated for September 2012, and Delano Cesme scheduled to open in 2015. The Delano Moscow will include 160 guestrooms as well as fine dining and nightlife outlets and is expected to open in 2015. READER COMMENTS
This announcement is the latest progression in the New York-based hospitality management company's extensive international growth plan for its Delano luxury brand, focused on entering key markets around the world.
Delano Moscow will be situated in the heart of Moscow's new International Business Center, also referred to as Moscow-City, Russia's first ever mixed-use space, combining high-end residences, offices and retail in one complex. Morgans Hotel Group's newest Delano will be part of Capital Group's OKO project within Moscow City, a new development that will offer premium spaces designed for luxury living, business, and entertainment.
"With the introduction of each new Delano property, we bring to life the ethos we created in South Beach, while uniquely blending our vision with the markets we enter. Moscow is an exciting city and we could not have found a better partner to align with than Capital Group to further extend the Delano brand," says Michael Gross, CEO of Morgans Hotel Group, in an announcement.
Delano Moscow commences a business partnership between Capital Group and Morgans Hotel Group, which have entered into a 20-year management agreement for the property.
With the addition of Delano Moscow, Morgans Hotel Group now has signed management agreements for ten hotels that are slated to open over the next three-years, starting next month with the scheduled opening of Delano Marrakech. In aggregate, these new hotels will nearly double the size of Morgans Hotel Group's portfolio from thirteen hotels comprising 3,400 rooms across three countries, to twenty-three hotels comprising 6,300 rooms across seven countries. All of these new deals expand Morgans Hotel Group's three powerful and complementary brands Delano, Mondrian and Hudson in key gateway cities and resort destinations.