Morgans Hotel Group

237 Madison Avenue, Manhattan, New York City, NY 10018

Morgans Hotel Group (NASDAQ: $MHG) was a global, publicly-traded hospitality company founded by Ian Schrager and specialized in the boutique hotel category. Its foundations were laid in 1984 with the opening of the namesake Morgans Hotel in New York City. MHG was listed on the NASDAQ exchange for over a decade. As an independent company before M&A, MHG owned and managed 17 hotels in Doha, Istanbul, London, Los Angeles, Las Vegas, Miami Beach, New York and San Francisco comprising over 3,000 rooms.

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3.3

Overall Excellence Rating

Industry

Hotel Companies

Category

Hospitality

ESG/Ethical Impact

Morgans Hotel Group is dedicated to minimizing its environmental footprint. It has implemented energy-efficient lighting, HVAC systems, and smart room controls in its properties, significantly reducing energy consumption and greenhouse gas emissions. The company also invests in renewable energy sources, such as solar panels and wind turbines, to power its hotels sustainably. The company prioritizes sustainable sourcing of products and ingredients, especially in its dining establishments. This includes responsibly sourced seafood, organic produce, and partnerships with local farmers to support sustainable agriculture and reduce the carbon footprint of its menus. Morgans Hotel Group actively engages in waste reduction and recycling programs at its properties. This includes comprehensive recycling initiatives and efforts to minimize single-use plastics, contributing to waste diversion from landfills.

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Awards Received

2023

Revenues

$2,200,000,000.00

Website Traffic

Employee Rating

3.3

Customer Rating

3.7

Company Size

1000-5000

ESG Risk Rating

3

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