Morgans Hotel Group Co. (NASDAQ: MHGC)

475 10th Ave.
New York, NY 10018 (Map)
Phone: 212-277-4100
Fax: 212-277-4260
http://www.morganshotelgroup.com

Hoover's coverage by Amy Schein

Overview

Morgans Hotel Group (MHG) is part of a growing trend of staying in boutiques rather than shopping in them. The company owns (wholly or partially) and/or manages about a dozen luxury boutique hotels in high profile markets such as New York; Los Angeles; Miami; San Francisco; and London. MHG also manages hotels in Isla Verde, Puerto Rico and Playa del Carmen, Mexico. The design of each location reflects its environs, and all feature upscale restaurants and bars. Hotel brands include Delano, Clift, Hudson, Mondrian, and Royalton, while restaurant and bar brands consist of Asia de Cuba and Skybar, among others. The company developed its first property, Morgans on Madison Avenue in New York, in 1984.

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Key Numbers from Hoover's UK

Key financials for Morgans Hotel Group Co. (NASDAQ: MHGC)

Company Type Public (NASDAQ: MHGC)
Fiscal Year-End December
2010 Sales (mil.) £152.8
1-Year Sales Growth 1.6%
2010 Net Income (mil.) (£52.6)
2010 Employees 4,600
1-Year Employee Growth 2.2%
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Key People from Hoover's UK

Key people and executives for Morgans Hotel Group Co. (NASDAQ: MHGC)

Chairman David T. Hamamoto
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CEO and Director Michael J. Gross
EVP Operations David Weidlich
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Top Competitors from Hoover's UK

Top competitors of Morgans Hotel Group Co. (NASDAQ: MHGC)

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Significant Developments

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Rankings from Hoover's UK

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