Investor Overview

Corporate Profile

Morgans Hotel Group is a fully integrated hospitality company that operates, owns, acquires and redevelops boutique hotels in gateway cities and select resort markets worldwide. With the launch of the first ever “boutique hotel” concept in 1984, Morgans Hotel Group has been credited with establishing and defining the rapidly expanding boutique hotel sector.

Since that time, we have gained experience operating in a variety of market conditions. We own, partially own and/or manage a portfolio of thirteen luxury hotel properties in London, Los Angeles, New York, Miami, San Francisco, comprising over 3,700 rooms. Each of our owned hotels was acquired and renovated by the Morgans Hotel Group and was designed by a world-renowned designer.
Stock Quote
MHGC (Common Stock )
ExchangeNASDAQ GM (US Dollar)
Price$7.46
Change (%) Stock is Down 0.03 (0.40%)
Volume38,500
Data as of 07/23/14 4:00 p.m. ET
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Recent News
DateTitle 
05/14/14Morgans Hotel Group Announces Preliminary Results of Annual Meeting
Stockholders Support Majority of Morgans Directors in Strong Show of Support for Continued Execution of Turnaround Plan NEW YORK, May 14, 2014 /PRNewswire/ -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("Morgans" or the "Company"), the New York-based hospitality management company, today announced that, based on the estimates of Okapi Partners, its proxy solicitor, preliminary results from its Annual Meeting held today in New York indicated that stockholders have elected seven of nine of the Co... 
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05/13/14Morgans Hotel Group Announces Retention of Morgan Stanley as Financial Advisor to Assist in Ongoing Review of Strategic Alternatives
Leading Investment Bank to Assist Board's Special Transaction Committee Established at the Beginning of 2014 NEW YORK, May 13, 2014 /PRNewswire/ -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("Morgans" or the "Company"), the New York-based hospitality management company, today disclosed that at the beginning of the year, the Morgans Board of Directors formed a special transaction committee to evaluate a full range of alternatives, including the potential sale or merger of the Company. Earlier t... 
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05/08/14Morgans Hotel Group Reports First Quarter 2014 Results
NEW YORK, May 8, 2014 /PRNewswire/ -- Morgans Hotel Group Co. (NASDAQ: MHGC) (the "Company") today reported financial results for the quarter ended March 31, 2014.  Highlights Adjusted EBITDA was $8.2 million in the first quarter of 2014, a 10% increase over the same period in 2013.  Delano South Beach generated strong operating results with EBITDA increasing by 11.8%. Revenue per available room ("RevPAR") for System-Wide Comparable Hotels increased by 2.5% on a year-over-year basis d... 
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05/06/14Morgans Hotel Group Comments On Glass Lewis Report
Morgans Urges Stockholders to Vote Their WHITE Proxy Card Today NEW YORK, May 6, 2014 /PRNewswire/ -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("Morgans" or the "Company"), the New York-based hospitality management company, today commented on a report issued by Glass Lewis & Co., LLC "Glass Lewis" on May 5, 2014 in which Glass Lewis provided a flawed recommendation that Morgans stockholders vote in favor of two under qualified and conflicted director nominees put forward by Kerrisdale Cap... 
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Contact Information
Investor Relations
888.277.4158
Daniel Gagnier
Sard Verbinnen & Co
212.687.8080
dgagnier@sardverb.com
Richard Szymanski
Morgans Hotel Group
212.277.4188
richard.szymanski@morganshotelgroup.com
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Morgans Hotel Group

US 800 606 6090

INT 00800 4969 1770

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