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Corporate Profile

Morgans Hotel Group is a fully integrated hospitality company that operates, owns, and acquires boutique hotels, primarily in gateway cities and select resort markets in the United States, Europe, and other international locations. 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 currently own, partially own and/or manage a portfolio of eleven hotel properties in London, Los Angeles, New York, Miami, San Francisco, comprising over 3,200 rooms. In addition, we also have a licensed hotel in Las Vegas, comprising 1,117 rooms and a francised hotel in Istanbul, comprising 71 rooms.

Stock Quote
MHGC (Common Stock )
ExchangeNASDAQ (US Dollar)
Financial Status IndicatorC
Change (%)0.00 (0.00%)
Data as of 10/26/16 4:00 p.m. ET
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Recent News
09/14/16Morgans Receives Revised Takeover Proposal and Will Adjourn Special Meeting of Stockholders to Evaluate
The Morgans Board has not made any change in its recommendation in favor of the merger with SBEEG Holdings, LLC NEW YORK, Sept. 14, 2016 (GLOBE NEWSWIRE) -- Morgans Hotel Group Co. (NASDAQ:MHGC) today announced that it has received a letter dated September 13, 2016, the redacted text of which is included in this press release, from the group identified in Morgans’ proxy materials as “Bidder V.” This letter reconfirms the interest of Bidder V in pursuing an acquisition of the common stock of M... 
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08/08/16Morgans Hotel Group Reports Second Quarter 2016 Results
NEW YORK, Aug. 08, 2016 (GLOBE NEWSWIRE) -- Morgans Hotel Group Co. (NASDAQ:MHGC) (the “Company” or “Morgans”) today reported financial results for the quarter ended June 30, 2016. Second Quarter 2016 Operating Results Adjusted EBITDA, defined below was $11.2 million in the second quarter of 2016, compared to $12.7 million for the same period in 2015, a decrease of 11.4%.   Revenue per available room (“RevPAR”) at System-Wide Comparable Hotels decreased by 1.5% in constant... 
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05/09/16Morgans Hotel Group Reports First Quarter 2016 Results
NEW YORK, May 09, 2016 (GLOBE NEWSWIRE) -- Morgans Hotel Group Co. (NASDAQ:MHGC) (the “Company” or “Morgans”) today reported financial results, in constant dollars where applicable, for the quarter ended March 31, 2016. First Quarter 2016 Operating Results Adjusted EBITDA, defined below, excluding the Company’s ownership interests in TLG and Mondrian SoHo, which the Company no longer held effective during the first quarter of 2015, was $8.1 million in the first quarter of 2016, compared to... 
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05/09/16SBE to Acquire Morgans Hotel Group
NEW YORK, May 09, 2016 (GLOBE NEWSWIRE) -- Morgans Hotel Group Co. (NASDAQ:MHGC), (“Morgans”) today announced it has entered into a definitive agreement under which Morgans will be acquired by leading global lifestyle hospitality company SBE. Under terms of the agreement, SBE will acquire all of the outstanding shares of Morgans common stock for $2.25 per share in cash, which, together with the exchange of Morgans Series A preferred securities, the assumption of debt and transfer of capitalize... 
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Contact Information
Investor Relations
Daniel Gagnier
Sard Verbinnen & Co
Richard Szymanski
Morgans Hotel Group
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Morgans Hotel Group

US 800 606 6090

INT 00800 4969 1770

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