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Morgans Hotel Group Co. (MHGC) is in the Travel Industry

Revenue
Dec 31 2007
$322.9M
Profit
Dec 31 2007
($14.7M)
Market Cap
Sep 04 2008
$519.0M

Latest News and Analysis

Additional Resources

  • 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...

    Articles 2008-08-25

  • 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...

    Articles 2008-08-01

  • 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...

    Articles 2008-07-25

  • 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...

    Articles 2008-07-01

  • 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...

    Articles 2008-06-26

  • 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...

    Articles 2008-06-17

  • 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...

    Articles 2008-06-16

  • 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...

    Articles 2008-06-06

  • 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. *...

    Articles 2008-05-08

  • 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...

    Articles 2008-04-28

  • 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...

    Articles 2008-04-02

  • 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...

    Articles 2008-03-28

  • 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...

    Articles 2008-03-26

  • 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...

    Articles 2008-03-12

  • 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...

    Articles 2008-03-11

  • 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...

    Articles 2008-03-11

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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.

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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
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