Morgans Hotel

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Morgans Hotel
Morgans Hotel
General information
Architectural style Italian Romanesque
Location237 Madison Avenue,
Manhattan, New York City
Named for John Pierpont (JP) Morgan's Morgan Library & Museum
Opened1984 (as Morgans Hotel)
1927 (previous ownership)
Renovated2008
Closed2018
Owner Morgans Hotel Group ($MHG), 1984-2016
SBE Entertainment Group, 2016-2017
Shel Capital and Kash Group (2017-2018 closed, converted to No. 237 condos)
Technical details
Floor count19
Design and construction
Architect(s)Andrew J. Thomas
Developer Ian Schrager
Known forWorld's first boutique hotel
Other information
Number of rooms113 (1984)
149 (1927)
Number of restaurants1
Website
http://morganshotel.com

Morgans Hotel was the world's first boutique hotel, [1] [2] [3] located at 237 Madison Avenue in New York City. Founded by Studio 54 cofounder Ian Schrager as the first property in the Morgans Hotel Group, it opened in 1984.

Contents

History

The 1927 building was designed by architect Andrew J. Thomas, erected as Hotel Duane intended for long-term stays. An article of the era notes, "in design, the exterior of the building indicates a free interpretation of the Italian Romanesque style harmonizing very well with the fraternity clubs building at the north, designed in a similar style." [4] When initially opened, the lobby and guest rooms showed "a rather free interpretation of Spanish Renaissance decoration." [4] The hotel had operated under the name, Executive Hotel. [5]

Morgans Hotel Group

In 1984, Studio 54 cofounders Ian Schrager and Steve Rubell opened their first hotel, Morgans Hotel, named after J. P. Morgan's Morgan Library & Museum nearby. Designed by Andrée Putman, the instant hit introduced the boutique hotel category, becoming a "worldwide phenomenon." [1] [2] [3] In June 2005, Schrager sold most of his stake in the namesake Morgans Hotel Group to launch the Ian Schrager Company. [6] [7] Morgan Stanley underwrote MHG's initial public offering in February 2006, offering 18 million shares for about $20 each. Schrager cashed in his remaining 450,000 shares for another $9 million. [6] Morgans Hotel Group was a publicly traded company on NASDAQ for over a decade.

SBE Entertainment Group

In May 2016, Sam Nazarian's SBE Entertainment Group agreed to acquire the namesake MHG for $805 million, in a take-private transaction completed November 30, 2016. The son of Qualcomm board member and stakeholder Younes Nazarian (via M&A), Nazarian and SBE are better known as owners of LA lounges frequented by celebrity patronage and HBO's Entourage , appearing as himself in the "No Cannes Do" episode.

Luxury condo conversion

In July 2017, the building was purchased by Shel Capital and Kash Group. [8] [9] The new owners closed Morgans Hotel and converted it to luxury condos in 2018, named No. 237. [3]

Design

Andrée Putman served as interior designer for the 1984 and 2008 complete renovations of the 1927 structure. [5] [10] New design features were evident throughout Morgans' public spaces, including:

An over-sized, 2-story, balconied "living room" lobby, with textured taupe-colored glass walls and overlaid bronze mullions, featuring a custom Putman-designed wool rug of black, rich camel and taupe in a bold three-dimensional cubist pattern.

Floors were in three varied shades of imported Italian granite in different finishes, with groupings of antique French leather club chairs, including a teak and caned plantation chair from the '40s, all culled from Paris' top flea markets. Putman designed dark wood end tables, with spherical-shaped desk lamps in nickel-plated brass created by Félix Aublet in 1925. Candles were lit in the evening, coupled with black-and-white checkerboard patterned wool throws loosely draped over the French club chairs to further accentuate the "lived-in" feel.

Accommodations

Like everything else in Morgans, the 114 guest rooms steered away from formulaic institutional design. To update guest lodgings, Putman began in the hotel corridors, covered in wool carpet rich taupe with a black-and-white checkerboard patterned border. Guest room doors were of French custom-birdseye maple. With only 4-8 rooms per floor, each hallway contributed to the hotel's residential feel.

Inside the room, the walls were painted with a mixture of four muted tones, producing an effect like that of an "Impressionist wall painting" — an unusual backdrop for the specially commissioned black and white photographs by Robert Mapplethorpe. In addition to a regular closet, each room featured a four-drawer dresser cabinet with full-length lighted wardrobe mirror.

Inside the bathroom, unconventional features include customized stainless steel airplane-like sinks and hospital fixtures, floor-to-ceiling shower doors and partitions in 3/4" glass and poured -in-lace granite floors.

Morgans' duplex penthouse suite is a 19th-floor suite that came complete with its own greenhouse, kitchen, multimedia room with 60" Sony color television, curved staircase and two terraces with city views. Decorated in the same spirit as all Morgans' guest rooms, the suite offered a classic black wood bench by Bertola, and Ecart steel tube and opaline glass coffee tables.

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References

  1. 1 2 Daly, Michael (July 22, 1985). "The Comeback Kids". New York Magazine. New York Media, LLC. pp. 28–39. ISSN   0028-7369 . Retrieved April 25, 2013.
  2. 1 2 Stevens, Todd (August 14, 2015). "Tracing The Boutique Artists Design Hotel". Circa Design. Archived from the original on April 4, 2017.{{cite web}}: CS1 maint: unfit URL (link)
  3. 1 2 3 "Morgans Hotel: World's first boutique hotel by Ian Schrager awaits reopening as luxury micro-apartments". CityRealty. May 7, 2020. Retrieved January 21, 2023.
  4. 1 2 "Hotel Duane". Architectural Forum: 621–622. December 1929.
  5. 1 2 Gandee, Charles K. (March 1985). "The French Connection". Architectural Record. 173: 144–151.
  6. 1 2 Gelsi, Steve (February 13, 2006). "Morgans serves cash to Schrager". MarketWatch. Retrieved January 21, 2023.
  7. ↑ Walsh, Mark (January 13, 2006). "Ian Schrager Checks Out, Cashes in with Morgans Hotel Group". New York. Retrieved January 21, 2023.
  8. ↑ Howarth, Dan (June 28, 2017). "First boutique hotel Morgans to become micro condos". Dezeen. Retrieved January 17, 2023.
  9. ↑ Maurer, Mark (June 9, 2017). "Kash Group buying Morgans Hotel for condo conversion". The Real Deal New York. Retrieved January 17, 2023.
  10. ↑ "Morgans Hotel Group Announces Complete Renovation of Morgans, the Original Boutique Hotel". Hospitality Net. March 31, 2008. Retrieved January 21, 2023.

40°44′59.3″N73°58′52.3″W / 40.749806°N 73.981194°W / 40.749806; -73.981194

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