BNET Industries
Morgans Hotel Group Co. (MHGC) is in the Travel Industry
- Revenue
- Dec 31 2007
- $322.9M
- Profit
- Dec 31 2007
- ($14.7M)
- Market Cap
- Dec 03 2008
- $133.0M
Latest News and Analysis
Morgans Hotel Group Invites Guests to Take a Recess From the Recession
Hotel group launches aggressive marketing and advertising campaign NEW YORK, Nov. 17 /PRNewswire-FirstCall/ -- Declaring that Recess Is On, Morgans Hotel Group Co. today announced an aggressive marketing campaign that uses both traditional and non-traditional media to make its point. "This campaign is aimed...
TiVo and Morgans Hotel Group Team Up to Redefine In-Room Entertainment
Deal Brings TiVo to the Hotel Room Enabling Guests to Watch TV on Their Terms NEW YORK and ALVISO, Calif., Nov. 12 /PRNewswire-FirstCall/ -- TiVo Inc. , the creator of and a leader in television services for digital video recorders DVRs, and Morgans Hotel Group Co. ,...
Morgans Hotel Group Reports Third Quarter 2008 Results
NEW YORK -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG") today reported financial results for the third quarter ended September 30, 2008 Highlights * Revenue per available room ("RevPAR") for Owned Comparable Hotels1 increased by 9.5% over the comparable period in 2007, compared to the domestic...
Morgans Hotel Group Encourages Its Employees to Get out and Vote
NEW YORK -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG"), today announced its proactive effort to encourage all Morgans' employees to vote in this historic presidential election. Fred Kleisner, CEO of Morgans Hotel Group said, "We are a creative, engaged and dynamic workforce here at Morgans and we...
Mondrian in South Beach Opens in December with Special Introductory Rate
MIAMI -- Morgans Hotel Group Co. (NASDAQ:MHGC), the groundbreaking innovator that introduced the world to iconic brands such as Delano in South Beach, Royalton in New York City and Sanderson in London, is set to unveil Mondrian in South Beach, with the first reservations set for December 1. With over...
Morgans Hotel Group Names John 'JP' Oliver Regional Vice President of Miami and General Manager of Delano
NEW YORK, Oct. 21 /PRNewswire-FirstCall/ -- Morgans Hotel Group Co. ("MHG") today named John "JP" Oliver as Regional Vice President of Miami and General Manager of Delano in South Beach, effective October 20, 2008. Oliver joins MHG from LXR Hotels & Resorts formerly Wyndham International where...
Morgans Hotel Group Announces Third Quarter 2008 Earnings Date and Conference Call Information
NEW YORK -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG") today announced that it will release its third quarter 2008 results after the market close on Wednesday, November 5, 2008. In conjunction with the release, the Company will host a conference call to review the quarter's results. The...
Beacon Equity Issues Technical Trade Alerts on Recent Analyst Upgrades: DWA, HUN, MHGC, DUK, AMZN, PSA
DALLAS, Oct. 13 /PRNewswire/ -- BeaconEquity.com announces the availability of Trade Alerts on stocks making news today. Investors can view all of the daily trading notes for free by visiting: http://www.beaconequity.com/m Today's Trade Alerts include: DreamWorks Animation SKG Inc. , Huntsman Corp. , Morgans Hotel...
Morgans Hotel Group Announces Amended Agreement for Echelon Project in Las Vegas
NEW YORK -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG") today announced that it has entered into an amended agreement with Boyd Gaming Corporation (NYSE: BYD) with regard to the companies' joint venture to develop a Mondrian and Delano within Boyd's existing Echelon development in Las Vegas. The...
Morgans Hotel Group Reveals Andree Putman's Restoration of Morgans, The Original Boutique Hotel
NEW YORK, Sept. 11 /PRNewswire/ -- Twenty-five years after Andree Putman designed her dynamic black and white contemporary interior for the opening of New York's Morgans Hotel and thirteen years after her 1996 update of that project, her love story with Morgans continues with an exciting third interior design....
Destination News - Destination, Rail, Road
Sep 8, 2008 Hyderabad Hyderabad metropolitan area is the fourth largest in India with a population of nearly ten million. The city is in central India but more towards the eastern seaboard.The new state-of-the-art Rajiv Gandhi International Airport opened in March 2008 in Shamshabad to the...
Morgans Hotel Group Announces Mondrian Los Angeles Renovation by Benjamin Noriega-Ortiz
LOS ANGELES -- The newly redesigned Mondrian Los Angeles hosted its launch event yesterday evening, September 4, 2008, allowing guests to experience first hand the renovations to this landmark Los Angeles property. Acclaimed designer Benjamin Noriega-Ortiz was commissioned to reinstate the beloved destination, building upon the original vision for the...
Morgans Hotel Group to Launch International Expansion with New Delano in Dubai
Owner is Leading Dubai Real Estate Developer NEW YORK -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG") today announced the development of Delano Dubai with a leading real estate development firm, marking the commencement of MHG's international expansion. Delano Dubai will be operated by MHG under a long-term...
Morgans Hotel Group Announces Asia de Cuba Mondrian South Beach
MIAMI -- Morgans Hotel Group Co. (NASDAQ:MHGC) ("MHG") today announced that Jeffrey Chodorow's famed Asia de Cuba will open its sixth restaurant in the magical, bayfront Mondrian South Beach at 1100 West Avenue, Miami Beach, following in the footsteps of its other high-profile locations at Morgans in New York; St...
BellwetherReport.com Analyst Report on MHGC, JAVA, CSIQ and AMED
BellwetherReport.com is the leading onlinefinancial newsletter for investors seeking top independent and unbiasedresearch. Investors seeking free and unbiased analyst opinions on thecompanies mentioned in this release are encouraged to sign up to www.bellwetherreport.com for a free subscription to access these reports.Today, we have once again scheduled interviews with a...
Morgans Hotel Group Reports Second Quarter 2008 Results
- RevPAR Growth in Excess of U.S. Average - - Significant Margin Improvement - - 2008 EBITDA Outlook Reaffirmed - NEW YORK -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG") today reported financial results for the second quarter ended June 30, 2008. ...
Morgans Hotel Group Issues Statement Regarding Echelon Project in Las Vegas
NEW YORK -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG") today issued the following statement regarding the announcement by Boyd Gaming Corporation (NYSE: BYD) that it will delay the entire Echelon project due to the difficult environment surrounding today's capital markets and current economic conditions. In January 2006, MHG entered...
Morgans Hotel Group Appoints Three New Members to Board of Directors
Expands Board from Seven to Ten NEW YORK -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG") announced today the appointment of Deepak Chopra, David Moore and Marc Gordon to its Board of Directors, effective immediately. With the additions of Messrs. Chopra, Moore and Gordon, the MHG Board of...
Morgans Hotel Group Announces Second Quarter 2008 Earnings Date and Conference Call Information
NEW YORK -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG") today announced that it will release its second quarter 2008 results after the market close on Wendesday, August 6, 2008. In conjunction with the release, the Company will host a conference call to review the quarter's results. The...
Morgans Hotel Group Announces New $30 Million Stock Repurchase Program
NEW YORK -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG") today announced that the Company's Board of Directors has authorized a repurchase of up to $30 million of MHG common stock, or approximately 9% of its outstanding shares, based on the current market price. The Company has previously completed two...
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- Incorporated: 2005
- CEO: Mr. Fred J. Kleisner
Morgans Hotel Group is a hospitality company that operates, owns, acquires, develops and redevelops boutique hotels in cities and select resort markets in the U.S. and Europe. As of Dec 31 2006, Co. owned and operated Morgans, Royalton, and Hudson hotels in New York, NY; Delano Miami and Shore Club hotels in Miami Beach, FL; Mondrian Los Angeles hotel in Los Angeles, CA; Clift hotel in San Francisco, CA; Mondrian Scottsdale hotel in Scottsdale, AZ; and St. Martins Lane and Sanderson hotels in London, the U.K., comprising over 2,700 rooms. Co. conducts its operations through its operating company, Morgans Group LLC, which holds all of its assets.
Key Competitors
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Morgans Hotel Group Co. Company Info
Board of Directors
Mr. David T. Hamamoto
Chairman
Dr. Deepak Chopra
Mr. Fred J. Kleisner
Mr. Marc Gordon
Mr. Jeffrey M. Gault
Mr. Robert Friedman
Mr. Thomas L. Harrison
Mr. Edwin L. Knetzger III
Mr. Michael D. Malone
Mr. David J. Moore
Contact Information
475 Tenth Avenue
New York, NY
212 277-4100
NAICS Code
Hotels (except Casino Hotels) and Motels: 721110
