May 15, 2008

Morgans Hotel to close for $9 mln reno until Sept. 16

These are the last days of the Morgans Hotel before it closes this Sunday for a summer's worth of renovations.

The planned reopening date is September 16, according to the hotel's website.

Morgan’s restaurant, Asia de Cuba, will remain open during the hotel's renovation, a hotel representative told NewYorkology.

Considered the first boutique hotel when it opened in 1984, the Mogans hotel had an occupancy rate of 79.9 percent during the three-months just ended March 31, a 5.4 percent decline from a year earlier, according to the quarterly report of parent company Morgans Hotel Group. The average daily rate at the hotel climbed 12 percent for that same period -- to $311.23 a night from $277.66 a year earlier.

The $9 million renovation under the direction of designer Andree Putnam will cover the lobby, guestrooms and penthouse, Crain's reported in March. The hotel's "living room� space will get a high-tech business center.

One of its sister properties, the Royalton, compleed renovations last year. It's worth noting that the Royalton actually re-opened on time, a rarity in a city where it's common for hotels to miss their opening dates by several months.

Morgans is located at 237 Madison Ave., map.

Image source: Morgans website.

Correction: This article originally stated the Morgans was designed by Philippe Starck, but rather, he did the Royalton. Putnam was also the original Morgans designer.

May 15, 2008 10:56 AM in Foodology, Hotelology, Midtown

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