Andrew (Randy) Kwasniewski, President of the Hard Rock Hotel & Casino, Dies; Cause of Death Not Immediately Known
March 09 2010 - 6:54PM
Business Wire
Morgans Hotel Group Co. (NASDAQ: MHGC) today said that Andrew
(Randy) Kwasniewski was found dead in his Las Vegas home this
morning. Mr. Kwasniewski was President of Morgans Hotel Group Las
Vegas and Chief Operating Officer of the Hard Rock Hotel Inc.
Morgans said that the cause of his death was unknown to the company
at this time.
Mr. Kwasniewski joined Morgans Hotel Group in October 2006. He
had worked in the hotel industry for approximately 30 years. Prior
to joining Morgans, he served as Senior Vice President of Starwood
Capital Group where he played an integral role in the acquisition
and operational aspects of Starwood hotel portfolios including the
Societe du Louvre and Le Meridien. Prior to joining Starwood
Capital Group, he was the Vice President of Operations for the Hard
Rock Hotel & Casino in Las Vegas, Nevada where he oversaw all
Hotel, Food & Beverage, Retail, and Facilities staffs and
operations.
Fred Kleisner, CEO of Morgans Hotel Group, said, “I’ve known and
worked with Randy since 1995. He was not just one of my colleagues
and a leader of our company, he was my friend. I know few hotel and
casino executives who have the knowledge, focus and work ethic that
Randy possessed. I will miss him. All of us at Morgans are deeply
saddened by the passing of Randy. I know I speak for everyone when
I say we all mourn his loss. Randy was a dedicated husband and
father, a friend to many of us, and a valued colleague. Our hearts
and prayers go out to his family.”
About Morgans Hotel Group
Morgans Hotel Group Co. (NASDAQ: MHGC) is widely credited as the
creator of the first “boutique” hotel and a continuing leader of
the hotel industry’s boutique sector. Morgans Hotel Group operates
and owns, or has an ownership interest in, Morgans, Royalton and
Hudson in New York, Delano and Shore Club in South Beach, Mondrian
in Los Angeles, Scottsdale and South Beach, Clift in San Francisco,
Ames in Boston, and Sanderson and St Martins Lane in London.
Morgans Hotel Group and an equity partner also own the Hard Rock
Hotel & Casino in Las Vegas and related assets. Morgans Hotel
Group also manages hotels in Isla Verde, Puerto Rico and Playa del
Carmen, Mexico. Morgans Hotel Group has other property transactions
in various stages of completion, including projects in SoHo, New
York and Palm Springs, California. For more information please
visit www.morganshotelgroup.com.
Forward-Looking and Cautionary Statements
Statements contained in this press release which are not
historical facts are forward-looking statements as the term is
defined in the Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by the use of
words such as "expects," "plans," "estimates," "projects,"
"intends," "believes," "guidance," and similar expressions that do
not relate to historical matters. These forward-looking statements
are subject to risks and uncertainties which can cause actual
results to differ materially from those currently anticipated, due
to a number of factors which include, but are not limited to,
downturns in economic and market conditions, particularly levels of
spending in the business, travel and leisure industries;
hostilities, including future terrorist attacks, or fear of
hostilities that affect travel; risks related to natural disasters,
such as earthquakes and hurricanes; risks associated with the
acquisition, development and integration of properties; the
seasonal nature of the hospitality business; changes in the tastes
of our customers; increases in real property tax rates; increases
in interest rates and operating costs; the impact of any material
litigation; the loss of key members of our senior management;
general volatility of the capital markets and our ability to access
the capital markets; and changes in the competitive environment in
our industry and the markets where we invest, and other risk
factors discussed in MHG’s Annual Report on Form 10-K for the
fiscal year ended December 31, 2008, and other documents filed by
MHG with the Securities and Exchange Commission from time to time.
All forward-looking statements in this press release are made as of
the date hereof, based upon information known to management as of
the date hereof, and MHG assumes no obligations to update or revise
any of its forward-looking statements even if experience or future
changes show that indicated results or events will not be
realized.
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