Morgans Hotel Group has named Michael Gross, who has been on the group’s board since October 2009, as its new CEO.
He joins from Yucaipa, Morgans’ largest shareholder, and has also held roles at Prentice Capital Management, Lehman Brothers and Salomon Smith Barney. Billionaire investor Ron Burkle, managing partner at Yucaipa, will also join the board. Daniel Flannery and Yoav Gery, who join from Marriott International, most recently working on the Edition brand, will be COO and chief development officer, respectively.
See the full release here: