| Date | Title | |
| 02/04/10 | Morgans Hotel Group Announces Fourth Quarter 2009 Earnings Date and
Conference Call Information| NEW YORK, Feb 04, 2010 (BUSINESS WIRE) -- Morgans Hotel Group Co. (NASDAQ:MHGC) today announced that it will
release its fourth quarter 2009 results after the market closes on
Thursday, February 25, 2010.
In conjunction with the release, the Company will host a conference call
to review the quarter's results. The call will be webcast live over the
Internet at 5:00 PM Eastern time on Thursday, February 25, 2010 and can
be accessed at www.morganshotelgroup.... |
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| 02/03/10 | HSMAI Honors Morgans Hotel Group with a Platinum Award in Its 2009
Adrian Awards Competition| Winners Honored at Adrian Awards Gala in New York CityNEW YORK, Feb 03, 2010 (BUSINESS WIRE) -- The Hospitality Sales & Marketing Association International (HSMAI)
recognized Morgans Hotel Group with a Platinum Adrian
Award for web marketingexcellence for its winning entry in the 53rd
annual Adrian Awards Competition, the largest and most prestigious
travel marketing competition globally.
HSMAI paid tribute to Morgans Hotel Group during the 20th
annua... |
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| 01/28/10 | Morgans Hotel Group Announces Results from Special Stockholders Meeting| NEW YORK, Jan 28, 2010 (BUSINESS WIRE) -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG") announced the following
results of its special meeting of stockholders held earlier today in New
York City.
Proposal 1. Stockholders approved the full exercise of warrants issued
to an affiliate of The Yucaipa Companies, LLC ("Yucaipa") in a
transaction announced on October 15, 2009. For more information about
this transaction please see MHG's Current Report on Form 8... |
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| 01/22/10 | Mondrian in South Beach Announces Marina| South Florida's Top Bay Front Hotel Introduces Marina - Now Accepting ReservationsMIAMI BEACH, Fla., Jan 22, 2010 (BUSINESS WIRE) -- Morgans
Hotel Group (NASDAQ:MHGC), which gave us lobby socializing at Delano
and poolside partying at Skybar, now extends the velvet rope to the
water. Mondrian
in South Beach, the company's first condo-hotel offering, presents a
boaters destination with the Mondrian Marina on Biscayne Bay. One of
only three marinas l... |
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| 01/11/10 | Morgans Hotel Group Appoints Eric Gavin as Regional Director of Sales
and Marketing in Miami| NEW YORK, Jan 11, 2010 (BUSINESS WIRE) -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG") today named Eric Gavin
Regional Director of Sales and Marketing in Miami, effective January 11,
2010. Gavin will lead Morgans' sales and marketing efforts at Delano,
Shore Club and Mondrian in South Beach. Gavin brings fourteen years of
experience in a variety of sales and marketing roles to this role with
Morgans. Most recently, he was Director of Sales and Marketing ... |
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| 12/28/09 | Morgans Hotel Group Announces Extension of Loan Maturities on Hard
Rock Hotel & Casino in Las Vegas| NEW YORK, Dec 28, 2009 (BUSINESS WIRE) -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG"), the operator and part
owner of the Hard Rock Hotel & Casino in Las Vegas, today announced that
the maturity date of the loan secured by the hotel and casino has been
amended so that it is extendable to February 2014. In addition, the
non-recourse loan, secured by approximately 11 acres of unused land
owned by a Hard Rock subsidiary is now extendable until February... |
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| 12/11/09 | Morgans Hotel Group Announces Special Meeting of Stockholders| NEW YORK--(BUSINESS WIRE)--Dec. 11, 2009--
Morgans Hotel Group Co. (NASDAQ: MHGC) (“MHG”) announced today that it
has scheduled a special meeting of stockholders to be held at Hudson in
New York City on Thursday, January 28, 2010 at 10:00 AM Eastern time.
The record date for determination of stockholders entitled to vote at
the meeting has been set as the close of business on Friday, December
11, 2009. The special meeting is being convened to allow s... |
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| 12/08/09 | Morgans Hotel Group Provides Update on the Status of Hotel Property
in Scottsdale, Arizona| NEW YORK, Dec 08, 2009 (BUSINESS WIRE) -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG") today announced that it
has not been able to reach an acceptable agreement with its lenders on a
restructuring of the loans on its hotel in Scottsdale that would be in
the best long-term interests of its shareholders. As a result and
consistent with previous indications from management, MHG is prepared
for the lenders to exercise their remedies with respect to the hote... |
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| 11/24/09 | Morgans Hotel Group Introduces PDA- Peace Dance Art - During Art Basel 2009 Curated by Natalie Kovacs with Interview Magazine and Ben & Jerry's Ice Cream at Delano, Shore Club and Mondrian|
Over 3000 Guests Are Expected To Lend Their Bodies For A Public
Display Of Art – Peace Dance Art
MIAMI--(BUSINESS WIRE)--Nov. 24, 2009--
Morgans Hotel Group (NASDAQ:MHGC), the company that introduced the world
to the boutique hotel, announces PDA- Peace Dance Art - a series
of nomadic dance interventions to celebrate the properties as a stage at Delano,
Shore
Club and Mondrian
during Art Basel Miami Beach, Dece... |
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| 11/23/09 | Morgans Hotel Group Announces a New Management Contract for Hotel Las Palapas in Playa del Carmen, Riviera Maya, Mexico|
Expands Relationship with Existing Venture Partner
NEW YORK--(BUSINESS WIRE)--Nov. 23, 2009--
Morgans Hotel Group Co. (NASDAQ: MHGC) (“Morgans”) today announced a
management agreement for the Hotel Las Palapas, located in the vibrant
Playa del Carmen resort area, which is owned by affiliates of Walton
Street Capital (“Walton”). Morgans and Walton are already joint venture
partners in the ownership of two other hotels... |
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| 11/19/09 | Morgans Hotel Group Announces the Opening of Ames, the Latest Addition to Its Collection of Originals| NEW YORK--(BUSINESS WIRE)--Nov. 19, 2009--
Morgans
Hotel Group Co. (NASDAQ: MHGC) (“Morgans”) opens Ames
in Boston, the latest addition to the company’s collection of Originals.
“We are very pleased to be working with Normandy Real Estate Partners on
the reinvention of this iconic building and to offer our guests a
destination in Boston like no other. We took great pains to preserve the
historic elements of th... |
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| 11/09/09 | Morgans Hotel Group Announces Introductory Rate for Ames, a Morgans Original Premiering November 19, 2009| NEW YORK--(BUSINESS WIRE)--Nov. 9, 2009--
Morgans
Hotel Group Co. (NASDAQ: MHGC) (“MORGANS”), today announced an
introductory offer for its highly anticipated new hotel, Ames in Boston.
Morgans is offering introductory rates from $165, including
complimentary upgrades to the next available room type at check in
(based on availability). Ames,
the latest addition to Morgans’ collection of Originals, which includes Hudson,
... |
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| 11/02/09 | Morgans Hotel Group Secures Amendment to Eliminate Financial Covenant in Trust Preferred Securities| NEW YORK, Nov 02, 2009 (BUSINESS WIRE) -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG") today announced it has
successfully secured an amendment to the indenture related to its trust
preferred securities to permanently eliminate the sole financial
covenant. In exchange for the permanent removal of the covenant, MHG
paid a one-time fee of $2.0 million.
In August 2006, MHG issued $50.0 million of trust preferred securities
in a private placement. The secur... |
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| 10/26/09 | Morgans Hotel Group Reports Third Quarter 2009 Results|
- $75 Million Investment by Yucaipa –
- Successful Restructuring Agreement with Mezzanine Lender for
Hudson Hotel -
NEW YORK--(BUSINESS WIRE)--Oct. 26, 2009--
Morgans Hotel Group Co. (NASDAQ: MHGC) (“MHG” or the “Company”) today
reported financial results for the third quarter ended September 30,
2009.
On October 15, 2009, MHG announced that an affiliate of The Yucaipa
... |
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| 10/20/09 | Morgans Hotel Group Appoints Brian Jones as Senior Vice President of Sales| NEW YORK--(BUSINESS WIRE)--Oct. 20, 2009--
Morgans Hotel Group Co. (NASDAQ: MHGC) (“MHG”) today named Brian Jones
Senior Vice President of Sales, effective immediately. Jones will
oversee Morgans’ sales initiatives and strategy for Morgans Hotel Group.
Jones joins Morgans from Zina International, a full service integrated
marketing consultancy. Prior to that, Jones was Vice President of Global
Sales for Le Meridien Hotels and Resort... |
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| 10/19/09 | Morgans Hotel Group Announces Third Quarter 2009 Earnings Date and Conference Call Information| NEW YORK--(BUSINESS WIRE)--Oct. 19, 2009--
Morgans Hotel Group Co. (NASDAQ:MHGC) today announced that it will
release its third quarter 2009 results after the market closes on
Monday, October 26, 2009.
In conjunction with the release, the Company will host a conference call
to review the quarter’s results. The call will be webcast live over the
Internet at 5:00 PM Eastern time on Monday, October 26, 2009 and can be
accessed at ... |
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| 10/15/09 | Morgans Hotel Group Announces Agreement with Mezzanine Lender for Hudson Hotel| NEW YORK, Oct 15, 2009 (BUSINESS WIRE) -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG") today announced that it
has entered into an agreement with one of its lenders which holds, among
other loans, the mezzanine loan on the Company's Hudson Hotel property
in New York City.
The Hudson mezzanine loan was to mature on July 12, 2010 and provided
for a 15-month extension at the Company's option, subject to
satisfaction of certain conditions. Under the agreeme... |
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| 10/15/09 | Morgans Hotel Group Receives $75 Million Investment from Yucaipa to Fuel Future Growth|
Announces Appointment of Marc Gordon as President
NEW YORK--(BUSINESS WIRE)--Oct. 15, 2009--
Morgans Hotel Group Co. (Nasdaq: MHGC) (“MHG”) today announced that an
affiliate of The Yucaipa Companies, LLC (“Yucaipa”) has invested $75
million in MHG. The capital infusion will significantly strengthen the
company’s balance sheet and provide long-term financing for growth.
Combined with the recent amendment to MHG&... |
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| 10/02/09 | Morgans Hotel Group Extends Its Stockholder Protection Rights Agreement| NEW YORK--(BUSINESS WIRE)--Oct. 2, 2009--
Morgans Hotel Group Co. (NASDAQ: MHGC) (“MHG”) announced today that it
has extended until October 9, 2012 the term of its Stockholder
Protection Rights Agreement (the “Rights Agreement”), which was
scheduled to expire on October 9, 2009. In connection with that
extension, the Rights Agreement was also amended to include certain
technical changes to facilitate the implementation of the ... |
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| 10/01/09 | Morgans Hotel Group Announces a New Management Contract for San Juan Water and Beach Club Hotel in Puerto Rico| NEW YORK--(BUSINESS WIRE)--Oct. 1, 2009--
Morgans Hotel Group Co. (NASDAQ: MHGC) (“MORGANS”) today announced a
long-term management agreement for the San Juan Water and Beach Club
Hotel, a 78-key beachfront hotel in Isla Verde, Puerto Rico. Among other
awards, San Juan Water and Beach Club Hotel has been listed on Conde
Nast Traveler’s Gold List as one of the “World’s Best Places To Stay”
and has been number three ... |
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| 08/10/09 | Morgans Hotel Group Reports Second Quarter 2009 Results|
- Announces Successful Amendment of Credit Facility -
NEW YORK--(BUSINESS WIRE)--Aug. 10, 2009--
Morgans Hotel Group Co. (NASDAQ: MHGC) (“MHG”) today reported financial
results for the second quarter ended June 30, 2009.
Revenue per available room (“RevPAR”) for System-Wide Comparable
Hotels decreased 36.8% in constant dollars in the second quarter from
the comparable period in 2008. Adjusted ... |
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| 08/05/09 | Morgans Hotel Group Secures Amendment to Its Existing Line of Credit| NEW YORK--(BUSINESS WIRE)--Aug. 5, 2009--
Morgans Hotel Group Co. (NASDAQ:MHGC) announced today that it has
successfully completed an amendment to its existing line of credit.
“The amendment provides us with significant liquidity and flexibility to
accommodate our business needs through these challenging times,” said
Marc Gordon, Chief Investment Officer of Morgans Hotel Group. “We are
proud of the expression of confidence... |
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| 08/03/09 | Morgans Hotel Group Announces Second Quarter 2009 Earnings Date and Conference Call Information| NEW YORK--(BUSINESS WIRE)--Aug. 3, 2009--
Morgans Hotel Group Co. (NASDAQ:MHGC) today announced that it will
release its second quarter 2009 results after the market closes on
Monday, August 10, 2009.
In conjunction with the release, the Company will host a conference call
to review the quarter’s results. The call will be webcast live over the
Internet at 5:00 PM Eastern time on Monday, August 10, 2009 and can be
accessed at ww... |
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| 07/28/09 | Morgans Hotel Group Introduces Its New "Who Do You Want to Be?" Campaign| NEW YORK, Jul 28, 2009 (BUSINESS WIRE) -- Morgans
Hotel Group Co. (NASDAQ: MHGC), the original boutique hotel company
and originator of lobby socializing and the social network, today
announced its new "Who do you want to be?" campaign, introducing
exclusive offers designed for sophisticated travelers: "The Escapist",
"The Hedonist", "The Romantic", "The Socialite" and "The Road Warrior".
In keeping with Morgans' tradition of celebrating the indivi... |
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| 05/04/09 | Morgans Hotel Group Reports First Quarter 2009 Results| NEW YORK--(BUSINESS WIRE)--May. 4, 2009--
Morgans Hotel Group Co. (NASDAQ: MHGC) (“MHG”) today reported financial
results for the first quarter ended March 31, 2009.
Highlights
Revenue per available room (“RevPAR”) for System-Wide Comparable
Hotels decreased 36.0% in constant dollars in the first quarter from
the comparable period in 2008.
Adjusted EBITDA for the first... |
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| 04/21/09 | Morgans Hotel Group Announces First Quarter 2009 Earnings Date and Conference Call Information| NEW YORK--(BUSINESS WIRE)--Apr. 21, 2009--
Morgans Hotel Group Co. (NASDAQ: MHGC) today announced that it will
release its first quarter 2009 results after the market closes on
Monday, May 4th, 2009.
In conjunction with the release, the Company will host a conference call
to review the quarter’s results. The call will be webcast live over the
Internet at 5:00 PM Eastern time on Monday, May 4th, 2009 and
can be accessed at www.m... |
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| 04/20/09 | Morgans Hotel Group Announces Conde Nast Traveler's Selection of Mondrian in South Beach for the Cover of the May Hot List Issue| NEW YORK--(BUSINESS WIRE)--Apr. 20, 2009--
Morgans
Hotel Group Co. (NASDAQ: MHGC) continues to turn up the heat on
innovation and impresses at every corner of its boutique hotels. Today,
the company announced that Mondrian
in South Beach just snagged the cover of Conde Nast Traveler’s May
issue. Featuring a shot of their outdoor red carpet lounges and
foliage-curtained private cabanas, Mondrian tops the famed “Hot List”
... |
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| 04/13/09 | Morgans Hotel Group Announces the Launch of Recess Sessions| NEW YORK--(BUSINESS WIRE)--Apr. 13, 2009--
Morgans
Hotel Group Co. (NASDAQ: MHGC) today announced the launch of its
exclusive Recess Sessions on www.recessison.com.
“Morgans has always been about escaping, whether that means getting away
from the world around you or getting more into yourself and who you want
to be,” said Scott Williams, Morgans’ Chief Marketing Officer. “That
escape – and the immersion ... |
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| 03/30/09 | Morgans Hotel Group Introduces Its "Experience More" Campaign| NEW YORK--(BUSINESS WIRE)--Mar. 30, 2009--
Morgans
Hotel Group Co. (NASDAQ: MHGC) (“Morgans”) today announced its new “Experience
More” campaign: “Experience
More”, “Trade
Up” and “Plan
Ahead”. In keeping with Morgans’ commitment to inviting its guests
to stay the way they choose and to creating engaging experiences, the
company is launching a dynamic offering of packages... |
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| 03/19/09 | Morgans Hotel Group Unveils Bold New Website| NEW YORK--(BUSINESS WIRE)--Mar. 19, 2009--
Morgans Hotel Group Co. (NASDAQ: MHGC) (“Morgans”) today announced the
launch of a new, fully integrated and optimized website. The new
morganshotelgroup.com site offers consumers a more immersive experience,
streamlining the booking process through the use of the first
full-screen booking calendar and the use of rich lifestyle photography
as well as providing a varied dynamic user experience bas... |
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| 03/06/09 | Morgans Hotel Group Sets 2009 Annual Meeting Date| NEW YORK--(BUSINESS WIRE)--Mar. 6, 2009--
Morgans Hotel Group Co. (NASDAQ: MHGC) announced today that it has
scheduled its 2009 Annual Meeting of Stockholders to be held at Hudson
in New York City on Tuesday, May 19, 2009 at 10:00 AM Eastern time. The
record date for determination of stockholders entitled to vote at the
meeting has been set as the close of business on Friday, March 27, 2009.
About Morgans Hotel Group
Morgan... |
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| 02/26/09 | Morgans Hotel Group Reports Fourth Quarter 2008 Results| NEW YORK--(BUSINESS WIRE)--Feb. 26, 2009--
Morgans Hotel Group Co. (NASDAQ: MHGC) (“MHG”) today reported financial
results for the fourth quarter and year ended December 31, 2008.
Highlights
Revenue per available room (“RevPAR”) for Owned Comparable Hotels1
decreased by 17.7% in the fourth quarter from the comparable period in
2007.
RevPAR for System-Wide Comparable Ho... |
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