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
- Jul 22 2008
- $442.6M
Latest News and Analysis
Morgan Hotel Group Company Q1 2008 Earnings Call Transcript
Morgan Hotel Group Company Q1 2008 Earnings Call Transcript
Morgans Hotel Group Co.Q4 2007 Earnings Call Transcript
Morgans Hotel Group Co.Q4 2007 Earnings Call Transcript
Morgans Hotel Q3 2007 Earnings Call Transcript
Morgans Hotel Q3 2007 Earnings Call Transcript
Additional Resources
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...
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 to develop The...
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 and President of...
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 Hard Rock Hotel...
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...
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 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 Appoints Michael D. Malone to Board of Directors
Current Director Lance Armstrong Steps Down NEW YORK -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG") today announced that Michael D. Malone has been appointed to its Board of Directors, effective immediately. Mr. Malone recently retired from Bank of America as Senior Executive Banker and Managing Director. For...
Morgans Hotel Group Receives Gaming License for Hard Rock Hotel & Casino in Las Vegas
NEW YORK -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG") today announced that the Company has received approval from the Nevada Gaming Commission to operate the casino at the Hard Rock Hotel & Casino in Las Vegas. MHG and its equity partner, DLJ Merchant Banking Partners, expect to begin operating...
Morgans Hotel Group Announces Planned Filing of Resale Registration Statement in Connection With 2.375% Senior Subordinated Convertible Notes Due 2014
NEW YORK -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG") today announced that it intends to file, on or about February 14, 2008, a registration statement with the Securities and Exchange Commission to cover the resale of the shares of MHG's common stock that may be issued from time to...
Morgans Hotel Group Announces New Mondrian in Palm Springs
NEW YORK -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG") today announced a new joint venture with RE:Loft Partners Palm Springs, LLC to develop Palm Springs Hotel & Residences ("the Resort") in downtown Palm Springs, California. The Resort plans call for a Mondrian hotel with approximately 200 rooms, as well...
Operator aims to 'Boost' worker productivity, bottom line
New York entrepreneur and restaurateur John McDonald has come up with a new "perk" for his employees, an energy and immunity booster call E-Boost. The effervescent product is a blend of vitamins and minerals, including B12, C, magnesium, zinc, potassium and amino acids. McDonald said E-Boost was a hit with...
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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
Mr. Jeffrey M. Gault
Mr. Fred J. Kleisner
Mr. Robert Friedman
Mr. Thomas L. Harrison
Mr. Edwin L. Knetzger III
Mr. Michael D. Malone
Contact Information
475 Tenth Avenue
New York, NY
212 277-4100
