The designs presented in this volume offer a wide and varied vision of the latest trends in bar and restaurant design, selected from the most cutting-edge, wining-and-dining hotspots in the world. With ...
Company has stopped payments on Scottsdale property
Morgans Hotel Group Co. said it has failed to reach a deal with lenders on restructuring terms of its loan on its Mondrian hotel in Scottsdale, Ariz., and is prepared to surrender the property to the lenders. The New York-based boutique hotel pioneer, which operates 11 other luxury properties, said it stopped paying its $40 million mortgage and mezzanine loans on the Scottsdale property in June. The loans, which were due June 1, are secured by its interests in the Mondrian, which opened in January 2007.
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