Morgans Hotel Group's Miami Beach hotels -- the Delano, Shore Club and Mondrian -- all posted gains in the second quarter of 2011 compared to 2010. The company itself posted a loss in the quarter, though a smaller one than the previous year.
During a call to discuss earnings Tuesday afternoon, CEO Michael Gross said the company would likely not be looking to sell the Delano despite selling off several other properties earlier this year. Morgans recently announced it had used the stylish South Beach property to secure a $100 million line of credit, which will be used to fund growth.
Read more about the company's plans for the Delano, and a new Mondrian coming to the Bahamas, here.
One of the beautiful hotels at Miami beach spot, awesome place to visit and awesome hotels to stay in during your trip.
Posted by: Krabi Hotels | 08/24/2011 at 10:38 AM
Best wishes to South Beach hotels! May this year shower you with blessings because every beach deserves to be taken care of.
Posted by: Darius Cartmell | 11/17/2011 at 02:31 PM