Morgans Hotel Group to Operate and Manage Lifestyle Hotel as Part of Baha Mar Resort

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October 15, 2010

BahamarLogo.JPG

NASSAU, Bahamas,

Oct. 15

/PRNewswire/ -- Baha Mar Ltd. announced today that they have signed a Letter of Intent with Morgans Hotel Group (Nasdaq:

MHGC) to operate and manage the planned 300-room lifestyle hotel to be included as part of the destination resort metropolis,

Baha Mar Resort.

The
partnership with Morgans Hotel Group comes following a decision
previously announced by Baha Mar to shift its strategy away from
aligning with a single family of hotels, towards one that allows it to
work with multiple, best-in-class brands giving Baha Mar an opportunity
to feature the very best brands for each of the different high-end hotel
segments planned for the property... 

News date : 10/15/2010

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