The Real Deal New York

At the desk of: Morris Moinian

March 31, 2010
By C. J. Hughes

Unlike his older brother Joseph, who’s known for splashy condos and hotels, developer Morris Moinian keeps a relatively low profile in Manhattan. But last year, Moinian, 48, the president of Fortuna Realty Group, unveiled Hotel Indigo, a 122-room, ground-up outpost of the InterContinental chain on West 28th Street in Chelsea. And despite the lackluster hotel market, he has plans to expand the brand in Manhattan. Once owner of one of the country’s largest blouse manufacturers, today Moinian focuses solely on his real estate portfolio from a Midtown high-rise with views of St. Patrick’s Cathedral.