About Morgans Hotel Group
Morgans Hotel Group Co. (NASDAQ: MHGC) operates and owns, or has an ownership interest in, Morgans, Royalton and Hudson in New York, Delano and Shore Club in Miami, Mondrian in Los Angeles, Scottsdale and South Beach, Clift in San Francisco, and Sanderson and St Martins Lane in London. Morgans Hotel Group and an equity partner also own the Hard Rock Hotel & Casino in Las Vegas and related assets. Morgans Hotel Group has other property transactions in various stages of completion, including projects in SoHo, New York; Las Vegas, Nevada; Palm Springs, California; Boston, Massachusetts; and Dubai, UAE.
About Sanctuary West Avenue LLC
Sanctuary West Avenue LLC, a conglomeration of various affiliated companies including Sanctuary West Avenue and Sanctuary South Beach, is a fully integrated real estate company focused on the acquisition, development, rehabilitation and conversion of hotels. The company has developed condominium hotels in southeast Florida for the past 17 years. Sanctuary South Beach recently completed The Sanctuary, a full service boutique hotel in Miami Beach. The principals of Santuary West Avenue LLC have been involved in the conversion of like properties, as well as in the residential condominium conversion market, throughout the United States for the past two decades and the principals have over 75 years of realestate development experience. The Company’s philosophy is to deliver superb real estate value with an unparalleled customer experience.