Morgans Hotel Group CEO Jason Kalisman resigns

Miami /
May.May 26, 2015 12:30 PM

From the New York website: Jason Kalisman, the interim CEO of Morgans Hotel Group, has resigned, effective immediately. Howard Lorber has also been named chairman.

Kailsman, who took over Morgans following Michael Gross’ resignation last year, says he wants to spend more time on personal matters and will remain a member of the board. Lorber joined the board in March.

Richard Szymanski, Mirgans’ chief financial officer, will act as interim CEO while the board continues its search for a CEO, according to MarketWatch.

“On behalf of the entire board, I want to thank Jason for his past contributions and for his continuation as a director of the Company,” Lorber said in a press release. “Going forward, we will continue to build on our operational momentum and complete the strategic alternatives process in a timely manner.”

During his tenure Kailsman, had attempted to push Ron Burkle, who owned Morgans’ debt and preferred shares, out of the group. He had also struggled and failed to retain management control of the Mondrian Soho following its sale to Alex Sapir.

“After careful consideration and discussions with the board, I have decided it is in the best interests of the Company to resign from my position as interim CEO to attend to personal obligations,” Kalisman said. “I am incredibly proud of what we achieved during my time as CEO at Morgans and did not want my obligations to inhibit the strategic review process or slow the strong momentum our team has worked so hard to build over the past two years.”

Morgans Hotel Group operates the Delano in South Beach and the Hudson Hotel and Royalton in New York, among others. [Market Watch] Christopher Cameron


Related Articles

arrow_forward_ios
From left: Pedro Villar, owner of Aloft Miami Brickell, along with his attorney Joe Pack (Newstar Media)
Aloft Miami-Brickell exits bankruptcy, staves off foreclosure
Aloft Miami-Brickell exits bankruptcy, staves off foreclosure
From left: Greg Friedman (buyer), managing principal and CEO, Peachtree Hotel Group, and David Leatherwood (seller), CEO and managing member, Norwich Partners (Peachtree Hotel Group, Norwich Partners, Booking.com, iStock)
Peachtree buys AC Hotel by Marriott in Aventura for $50M
Peachtree buys AC Hotel by Marriott in Aventura for $50M
Z Ocean Hotel in Miami Beach
Appeals court upholds $8M judgment against former Z Ocean condo-hotel partners
Appeals court upholds $8M judgment against former Z Ocean condo-hotel partners
From left: James Vosotas and Branden Muhl, former partners who teamed up to renovate and reopen Hotel Greystone (Vos Hospitality, Mahaska, LoopNet)
Partner in South Beach’s Hotel Greystone hit with $19M judgment
Partner in South Beach’s Hotel Greystone hit with $19M judgment
Location Ventures CEO Rishi Kapoor and Miami Beach Mayor Dan Gelber (Dan Gebler, Stock. Photo illustration by Priyanka Modi.)
Miami Beach removes developer Rishi Kapoor from banned political donors list
Miami Beach removes developer Rishi Kapoor from banned political donors list
Sadhana and Sanjaykumar Patel of Luckey’s Management with a rendering of the 172-room hotel development in Fort Lauderdale (Luckey's Management/George White Architect)
Lucky Day? Luckey’s Management wins approval for 172-room, dual-branded hotel in Fort Lauderdale
Lucky Day? Luckey’s Management wins approval for 172-room, dual-branded hotel in Fort Lauderdale
Dream Hotel to anchor $185M riverfront project on site of the Wharf Miami
Dream Hotel to anchor $185M riverfront project on site of the Wharf Miami
Dream Hotel to anchor $185M riverfront project on site of the Wharf Miami
Residence Inn by Marriott in Surfside sells for $70M
Residence Inn by Marriott in Surfside sells for $70M
Residence Inn by Marriott in Surfside sells for $70M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...