Skift Take
Morgans survived the boutique hotel boom and crash, but its challenges on the customer service front has made it difficult to transition its young, hip guets into loyal visitors.
Morgans Hotel Group Co., a hotelier embroiled in a proxy battle with its largest stockholder, climbed to a two-year high after saying it has received interest in a takeover and would consider a sale.
The company’s board nominees plan to explore strategic alternatives, including a sale, if they are re-elected, New York-based Morgans said today in a statement. The company, which operates hotels including the Mondrian in Los Angeles and the Delano in Miami’s South Beach, said it has received unsolicited expressions of interest in a takeover from five investors.
Morgans shares ju
