December 6, 2010 – Executive search firm Spencer Stuart has been retained by Morgans Hotel Group Co. to lead in its search for a chief executive officer. The contract of Fred Kleisner, the company’s current CEO, concludes on December 31, 2010. Morgans Hotel Group is widely credited as the creator of the first "boutique" hotel and a continuing leader of the hotel industry's boutique sector. Spencer Stuart is an executive search firm with 51 offices in 27 countries.
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