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Last $7.63 USD
Change Today +0.07 / 0.93%
Volume 23.1K
As of 8:10 PM 04/16/15 All times are local (Market data is delayed by at least 15 minutes).

morgans hotel group co (MHGC) Snapshot

Previous Close
Day High
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52 Week High
09/11/14 - $8.49
52 Week Low
03/13/15 - $7.00
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for MORGANS HOTEL GROUP CO (MHGC)

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morgans hotel group co (MHGC) Details

Morgans Hotel Group Co., an integrated lifestyle hospitality company, acquires, owns, operates, develops, and redevelops boutique hotels. It operates primarily in gateway cities and select resort markets in the United States, Europe, and internationally. The company was incorporated in 2005 and is headquartered in New York, New York.

2,600 Employees
Last Reported Date: 03/13/15
Founded in 2005

morgans hotel group co (MHGC) Top Compensated Officers

Chairman, Interim Chief Executive Officer and...
Total Annual Compensation: $1.0
Chief Financial Officer and Secretary
Total Annual Compensation: $503.9K
Compensation as of Fiscal Year 2013.

morgans hotel group co (MHGC) Key Developments

Morgans Hotel Group Co. and IFA Hotels & Resorts to Launch Delano Resort in 2017

Morgans Hotel Group Co. announced its partnership with IFA Hotels & Resorts to bring the Delano brand to the Middle East with Delano Dubai. Scheduled to open in 2017 as the third hotel in the Delano portfolio, Delano Dubai's 110-key deluxe hotel apartment property will be situated on Palm Jumeirah and will form part of a contemporary mixed-used resort development known as The8. The 110 distinctive apartments will include one-, two-, and three-bedroom units fully furnished and equipped to the standards as well as a unique Presidential Suite. Guests of the Delano Dubai property will feel a sense of familiarity and affinity with the original Delano properties in South Beach, Miami and Las Vegas – all of which have a clean, elegant contemporary aesthetic and a whimsical nature. The8 is currently under construction and will feature both Delano-branded hotel apartments as well as residential properties offering diverse facilities and entertainment. IFA Hotel Investments will oversee the asset management and operational aspect of the development. Launched in 2014, The8 has been architecturally designed as ultra-sleek and modern, drawing inspiration from the fashion, design, and lifestyle elements of Miami's South Beach. The8 will contain resort-style facilities including extensive water-sports, a gym, tennis courts, a signature beachfront restaurant, beach cabanas, barbeque and event areas, as well as dedicated amenities for young families.

Morgans Hotel Group Co. Appoints Bradford B. Nugent to the Board

Morgans Hotel Group Co. increased the size of the Board from nine to 10 directors and appointed Bradford B. Nugent to fill the vacancy, effective immediately. Yucaipa American Alliance Fund II, L.P. and Yucaipa American Alliance (Parallel) Fund II, L.P. (together with their affiliates, Yucaipa) previously designated Mr. Nugent as their Investor Nominee (as defined in the Securities Purchase Agreement dated October 15, 2009 between Yucaipa and the Company) and the Board determined to appoint Mr. Nugent at this time, in advance of nominating him for election at the Annual Meeting. Mr. Nugent is not currently serving on any committees of the Board. Mr. Nugent will be eligible to participate in the compensation plan for non-employee directors previously disclosed by the Company.

Morgans Hotel Group Co. Appoints Howard M. Lorber and Kenneth E. Cruse as Members of the Board

On March 15, 2015, the Board of Directors of Morgans Hotel Group Co. appointed Howard M. Lorber and Kenneth E. Cruse as members of the Board, effective immediately, with terms expiring at the company's 2015 annual meeting of stockholders. The Board appointed Messrs. Cruse and Lorber to fill two vacancies on the Board. There are no arrangements or understandings pursuant to which Messrs. Lorber or Cruse were appointed. Messrs. Lorber and Cruse are not serving on any committees of the Board at this time.


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MHGC:US $7.63 USD +0.07
MGR:AU A$1.99 AUD -0.055
MEDL:US $0.14 USD +0.005
MAVB:IN 0.64 INR 0.00
LOAN:US $4.07 USD -0.02

MHGC Competitors

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Company Last Change
Belmond Ltd $12.99 USD -0.08
Interval Leisure Group Inc $25.35 USD +0.02
Monarch Casino & Resort Inc $18.79 USD -0.16
Red Lion Hotels Corp $6.66 USD -0.04
Marcus Corp/The $20.90 USD +0.30
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