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New York

Morgans wins small victory in board fight

Hotelier announces recommendation against OTK slate

From left: Michael Gross, Ian Schrager and the Delano Hotel in Miami
From left: Michael Gross, Ian Schrager and the Delano Hotel in Miami

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From the South Florida site: The New York-based hotelier that owns the Mondrian Soho in Manhattan and the Delano South Beach in Miami scored a small victory in a battle for control of its board when a proxy-advisory firm recommended that its shareholders not vote for the nominees put up by its biggest shareholder, Bloomberg News reported. [more]

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Ian SchragerMorgans Hotel GroupRon Burkle