Last $7.54 USD
Change Today +0.06 / 0.80%
Volume 63.5K
As of 5:20 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

morgans hotel group co (MHGC) Snapshot

Open
$7.47
Previous Close
$7.48
Day High
$7.55
Day Low
$7.46
52 Week High
12/20/13 - $8.49
52 Week Low
10/9/13 - $6.25
Market Cap
258.2M
Average Volume 10 Days
95.8K
EPS TTM
$-1.84
Shares Outstanding
34.2M
EX-Date
--
P/E TM
--
Dividend
--
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. 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.

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. Adopts Amended and Restated Bylaws

Morgans Hotel Group Co. announced that on August 14, 2014, the Board of Directors of the company adopted an amendment to the company's amended and restated Bylaws to add a forum selection provision for the adjudication of certain disputes.

Morgans Hotel Group Co. Announces Financial Results for the Second Quarter and Six Months Ended June 30, 2014; Expects to Open Two High-Profile Hotels in the Third Quarter of 2014

Morgans Hotel Group Co. announced financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of $61.448 million against $60.707 million a year ago. Loss before income tax expense was $9.390 million against $15.954 million a year ago. Net loss attributable to the company was $9.719 million or $0.40 per diluted share against $16.008 million or $0.59 per diluted share a year ago. Adjusted EBITDA was $14.777 million against $12.559 million a year ago. For the six months, the company reported total revenue of $117.072 million against $113.358 million a year ago. Loss before income tax expense was $33.169 million against $27.287 million a year ago. Net loss attributable to the company was $33.854 million or $1.24 per diluted share against $27.425 million or $1.03 per diluted share a year ago. Adjusted EBITDA was $22.976 million against $20.011 million a year ago. The company currently expects to open two high-profile hotels in the third quarter of 2014. Delano Las Vegas, a 1,117 room hotel at Mandalay Bay, is expected to open in early September and will be operated under a license agreement with MGM. Mondrian London, a 359 room hotel on the South Bank of the Thames, is expected to open on September 30, 2014, and will be operated under a long-term management agreement. Additionally, the company has a franchise agreement for 10 Karakoy, a 71-room Morgans Original in Istanbul, Turkey which is expected to open by the end of 2014 and a management agreement for a Mondrian in Doha, Qatar which is expected to open in the second quarter of 2015.

Morgans Hotel Group Co. to Report Q2, 2014 Results on Aug 08, 2014

Morgans Hotel Group Co. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Aug 08, 2014

 

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