Ian Schrager, Chairman of Ian Schrager Hotels, announced today that the company bearing his name would resume the use of its original name, Morgans Hotel Group, LLC. The change will become effective immediately.
"The company will celebrate its 20th anniversary this fall," Mr. Schrager said. "We started as Morgans Hotel Group and it just seemed appropriate to go back to our founding name."
Mr. Schrager will be Chairman of Morgans Hotel Group.
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