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Last $6.68 USD
Change Today -0.06 / -0.89%
Volume 58.8K
MHGC On Other Exchanges
As of 8:10 PM 07/1/15 All times are local (Market data is delayed by at least 15 minutes).

morgans hotel group co (MHGC) Snapshot

Previous Close
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52 Week High
09/11/14 - $8.49
52 Week Low
06/16/15 - $6.26
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

Chief Financial Officer
Total Annual Compensation: $506.4K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $394.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $240.0K
Compensation as of Fiscal Year 2014.

morgans hotel group co (MHGC) Key Developments

Morgans Hotel Group Co. Announces Management Changes

Morgans Hotel Group Co. announced that Jason T. Kalisman has resigned as Interim Chief Executive Officer to spend more time on personal matters, effective immediately, and he will remain a member of the Board. Howard M. Lorber, has been named Chairman. The Board intends to continue its CEO search and in the interim, Richard Szymanski, Chief Financial Officer, will temporarily assume the duties of the principal executive officer for securities law reporting purposes.

Morgans Hotel Group Co. Reports Earnings and Operating Results for the First Quarter Ended March 31, 2015

Morgans Hotel Group Co. reported earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $53,306,000 against $55,468,000 a year ago. Operating income was $952,000 against operating loss of $9,092,000 a year ago. Loss before income tax expense was $12,712,000 against $23,779,000 a year ago. Net loss attributable to the company was $12,824,000 or $0.49 per basic and diluted share against $24,135,000 or $0.85 per basic and diluted share a year ago, primarily as a result of increased operating income and lower interest expense. Adjusted EBITDA was $9,663,000 against $9,644,000 a year ago. Excluding TLG, Adjusted EBITDA was $9,578,000 against $7,763,000 a year ago. EBITDA was $4,976,000 against $452,000 a year ago. For the quarter, the company reported revenue per available room for System-Wide Comparable Hotels decreased by 4.0% during the first quarter of 2015 as compared to the first quarter of 2014. System-Wide Comparable Hotels' room revenues plus resort fees decreased 0.6% during the first quarter of 2015 as compared to the same period in 2014.

Morgans Hotel Group Co. to Report Q1, 2015 Results on May 08, 2015

Morgans Hotel Group Co. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on May 08, 2015


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MHGC Competitors

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Company Last Change
Belmond Ltd $12.38 USD -0.11
Interval Leisure Group Inc $23.07 USD +0.22
Monarch Casino & Resort Inc $20.74 USD +0.18
Red Lion Hotels Corp $7.75 USD +0.09
Marcus Corp/The $19.73 USD +0.55
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Price/Sales 1.0x
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TEV/Sales NM Not Meaningful

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