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
- Oct 09 2008
- $168.7M
Latest News and Analysis
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 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...
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 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...
Investors Seek Growth in Small and Mid-Cap Retail Stocks at 8th Annual Oppenheimer Consumer Growth Conference
Boston Conference to Incorporate 17th Annual Gaming, Lodging & Leisure Conference NEW YORK -- Oppenheimer & Co. Inc. has assembled an impressive list of 90 companies for its 8th Annual Consumer Growth Conference. The event, considered one of the leading investor conferences for consumer growth...
Morgans Hotel Group, Normandy Real Estate Partners and Ames Hotel Partners Announce Joint Venture to Develop The Ames in Boston
NEW YORK, MORRISTOWN, N.J. & BOSTON -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG"), Normandy Real Estate Partners ("Normandy"), one of the largest real estate owners and operators in the Boston to Washington, D.C. corridor, and local partner Ames Hotel Partners today announced a new joint venture...
Morgans Hotel Group Appoints Howard Wein as Senior Vice President of Food and Beverage
NEW YORK -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG") today announced that Howard Wein has been appointed Senior Vice President of Food and Beverage, effective immediately. Wein joins MHG from the Starr Restaurant Organization, where he served as Chief Operating Officer of Starr Restaurants and founder...
Morgans Hotel Group Announces the Closing of the Financing for Hard Rock Expansion Project
Debt and Equity Financing in Place NEW YORK -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG") today announced that the Hard Rock joint venture between MHG and its equity partner, DLJ Merchant Banking Partners ("DLJMB"), has closed on the financing for the expansion of the...
Morgans Hotel Group Reports First Quarter 2008 Results
NEW YORK -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG") today reported financial results for the first quarter ended March 31, 2008. Highlights * Revenue per available room ("RevPAR") growth for Owned Comparable Hotels1 increased by 5.6% over the first quarter of 2007. *...
Morgans Hotel Group Announces First Quarter 2008 Earnings Date and Conference Call Information
NEW YORK -- Morgans Hotel Group Co. (NASDAQ:MHGC) ("MHG") today announced that it will release its first quarter 2008 results after the market close on Thursday, May 8, 2008. In conjunction with the release, the Company will host a conference call to review the quarter's results. The call...
MHGC, OVTI, UAPH, TKER, RMDX, RDYM Have Also Been Removed From Naked Short List Today.
M2 PRESSWIRE-2 April 2008-BUYINS.NET: MHGC, OVTI, UAPH, TKER, RMDX, RDYM Have Also Been Removed From Naked Short List TodayC1994-2008 M2 COMMUNICATIONS LTD RDATE:02042008 BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and...
Morgans Hotel Group Announces Complete Renovation of Morgans, the Original Boutique Hotel
Morgans to be Temporarily Closed During Renovation Period NEW YORK -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG") today announced that it will temporarily close Morgans, the original boutique hotel, on May 18, 2008 to undergo a complete renovation. The renovation will be led by internationally renowned designer...
COMV, CRME, CYTO, FRPT, MCHX, MHGC Have Also Been Added To Naked Short List Today.
M2 PRESSWIRE-26 March 2008-BUYINS.NET: COMV, CRME, CYTO, FRPT, MCHX, MHGC Have Also Been Added To Naked Short List TodayC1994-2008 M2 COMMUNICATIONS LTD RDATE:26032008 BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and...
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Morgans Hotel Group Reports Fourth Quarter 2007 Results
-Strong RevPAR Growth- -Significant EBITDA and Margin Growth- NEW YORK -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG") today reported financial results for the fourth quarter and year ended December 31, 2007, highlighted by double digit increases in revenue per available room ("RevPAR"), higher operating margins...
Morgans Hotel Group Unveils New agua at Delano
MIAMI, March 11 /PRNewswire-FirstCall/ -- Morgans Hotel Group is proud to announce the expansion and renovation of Delano's spa, agua. The spa has been reimagined by Morgans Hotel Group's longtime collaborator, Tim Andreas of BANJO Architects. agua has expanded to approximately 3,500 square feet, including a 500 square...
Morgans Hotel Group Announces Date for 2008 Annual Meeting of Stockholders
NEW YORK -- Morgans Hotel Group Co. (NASDAQ: MHGC) announced today that it has scheduled its 2008 Annual Meeting of Stockholders to be held at Hudson in New York City on Tuesday, May 20, 2008 at 10:00 AM Eastern time. The record date for determination of stockholders entitled to vote...
Morgans Hotel Group Announces Fourth Quarter 2007 Earnings Date and Conference Call Information
NEW YORK -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG") today announced that it will release its fourth quarter 2007 results after the market close on Wednesday, March 12, 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 Music Series With Giant Step at Hudson in 2008: 'Monday Nights at Hudson'
NEW YORK, Feb. 20 /PRNewswire-FirstCall/ -- Morgans Hotel Group has once again teamed up with the renowned music and lifestyle company, Giant Step, to curate and promote "Monday Nights at Hudson". The series started on February 11th, 2008 and will run through October 2008. Giant Step is bringing the...
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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
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
