Morgans Hotel Group Co. · New York, NY United States ·(NASDAQ (GM): MHGC)
Company Description
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This link will open in a new window Morgans Hotel Group is part of a growing trend of staying in boutiques rather than shopping in them. The company owns (wholly or partially) and manages about a dozen luxury boutique hotels in New York; Las Vegas; Los Angeles; Miami; San Francisco; Scottsdale, Arizona; and London. The design of each location reflects its environs, and all feature upscale restaurants and bars. Hotel brands include Hard Rock , Hudson, Mondrian, and Royalton, while Asia de Cuba and Skybar are restaurant and bar brands. Investors include Morgan Stanley and OTK Associates. Chairman David Hamamoto and former CEO Edward Scheetz together own more than 15% of the company. To read the full description, subscribe now.
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Key Morgans Hotel Group Co. Financials
| Company Type | Public - NASDAQ (GM): MHGC Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $314.5 |
| 2008 Employees | 4,000 |
Morgans Hotel Group Co. Executives
21 executives listed for Morgans Hotel Group Co.'s New York, NY location.
| Title | Name & Bio | Contact |
| Chairman | David Hamamoto | Network |
| CEO and Director | Frederick Kleisner | Network |
| President and Director | Marc Gordon | Network |
Competition
Competitive Landscape for Morgans Hotel Group Co.
Demographics, consumer tastes, and personal income drive demand. The profitability of individual companies can vary: while QSRs rely on efficient operations and high volume sales, FSRs rely on high-margin items and effective marketing. Large companies have advantages in purchasing, finance, and marketing. Small companies can offer superior food or service. The industry is highly labor-intensive: annual revenue per worker is between $40,000 and $45,000. Restaurants compete with companies that serve meals or prepared foods, including grocery stores, warehouse clubs, delis, and convenience stores. In addition, restaurants compete with home cooking. To read the full description, subscribe now.Top Morgans Hotel Group Co. Competitors
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