Last $7.17 USD
Change Today -0.06 / -0.83%
Volume 105.2K
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As of 8:10 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

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09/11/14 - $8.49
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morgans hotel group co (MHGC) Details

Morgans Hotel Group Co. operates as an integrated lifestyle hospitality company that operates, owns, acquires, develops, and redevelops boutique hotels, nightclubs, restaurants, bars, and other food and beverage venues. It operates primarily in gateway cities and select resort markets in the United States, Europe, and other international locations. The company was incorporated in 2005 and is based in New York, New York.

4,400 Employees
Last Reported Date: 03/13/14
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, Principal Accounting...
Total Annual Compensation: $503.9K
Compensation as of Fiscal Year 2013.

morgans hotel group co (MHGC) Key Developments

Morgans Hotel Group Co. Launches La Savina Mediterranean Grill at Mondrian South Beach

Morgans Hotel Group Co. launched a new 140-seat restaurant, La Savina Mediterranean Grill at Mondrian South Beach. The new restaurant features culinary team led by Morgans Corporate Executive Chef Tien Ho (Momofuku, Best New Chef Food & Wine). La Savina's team has perfectly captured and transported the natural and abundant flavors found on the Mediterranean coast to Biscayne Bay. Eliciting the spirit of these magical islands, La Savina offers a simple mix of fresh crudos, grilled meats and fish, artisanal charcuteries and the best seasonal vegetables in South Florida, served alongside Mondrian's unmatched views of Biscayne Bay. La Savina's Mediterranean kitchen specializes in simple, highly flavorful chargrilled meats and fish prepared in the classic "a la parilla" style that is the staple of coastal Mediterranean cooking.

Morgans Hotel Group Announces the Opening of Half & Half at Hudson

Morgans Hotel Group unveiled its newest nightlife concept, Half & Half, an arcade and dance hall at the legendary Hudson Hotel. Inspired by the early 1980's art and music scene of downtown Manhattan when nightlife was designed by the likes of Haring, Warhol, or Basquiat, Half & Half, centers around rotating installations of young artists and designers that will take over the space. Every few months a different artist will be commissioned to create a new vision, continually evolving the guest experience and celebrating the act of creation. Half & Half's first installation will be created by artist Harrison Boyce, a New York based photographer and videographer best known for his commercial work with fashion designers Dries van Noten and global channel Nowness, as well as music videos for Pusha T, Theophilus London, and French Montana. His first installation, entitled "Nostalgia," is themed after the soul music dancehalls of the late 1970's and the early hip-hop scene of the 1980's, features ten-foot high imagery of female soul dancers, graphic billboards of classic hip-hop lyrics, and black and white photography that captures the theatrics of the time. As part of Boyce's installation, the upper lounge that surrounds Half & Half's sunken dance floor will be transformed into a classic arcade, featuring old-school games such as NBA Jam(R), Ms. Pacman(R), Mortal Kombat(R), Arkanoid(R), Street Fighter(R), Frogger(R), and Golden Tee(R). Guests will be able to play the games with custom Half & Half tokens, or rent private lounge areas that come with unlimited gaming. The art, ambiance, cocktails and food will have guests reliving that classic, downtown Manhattan cool of yesteryear in present day NYC.

Morgans Hotel Group Co. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Morgans Hotel Group Co. reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company has posted total revenues of $55,506,000 against $58,262,000 a year ago. Operating income was $1,827,000 against $445,000 a year ago. LBIT was $9,973,000 against $10,223,000 a year ago. Net loss attributable to company was $10,143,000 or $0.04 per share against $10,328,000 or $0.44 per share a year ago. EBITDA was $9,831,000 against $8,000,000 a year ago. Adjusted EBITDA was $10,970,000 against $11,722,000 a year ago. For the nine months, the company has posted total revenues of $172,578,000 against $171,620,000 a year ago. Operating loss was $5,297,000 against $7,029,000 a year ago. LBIT was $43,142,000 against $37,510,000 a year ago. Net loss attributable to company was $43,997,000 or $1.64 per share against $37,753,000 or $1.46 per share a year ago. EBITDA was $20,563,000 against $18,067,000 a year ago. Adjusted EBITDA was $37,372,000 against $34,611,000 a year ago.


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