This story has been updated to more accurately reflect the value of the deal. Hotel and nightclub mogul Sam Nazarian is buying a boutique hotel group in a deal that will give billionaire investor Ron ...

It used to be that people rented a hotel room, ate dinner, got drunk and screwed. Now that people have gone back to doing that at home, it’s the hotels that are getting screwed. Morgans Hotel Group Co ...

Margins matter. The more Morgans Hotel Group (NASDAQ: MHGC) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to ...

NEW YORK CITY-Morgans Hotel completes a $475-million refinancing of its hotel properties--three of the sites are located here, the others are in Miami and Los Angeles. "The completion of this ...

Morgans Hotel (NASDAQ:MHGC) agrees to be acquired by SBE Entertainment for $2.25/share in cash, which would result in a total enterprise value of the deal at ~$794M. SBE will take MHGC private, a ...

Morgans Hotel Group Co. MHGC ("MHG" or the "Company") today announced that its slate of director nominees intends to initiate a process to explore strategic alternatives, including a sale of the ...

March 12 (Reuters) - Boutique-hotel operator Morgans Hotel Group Co reported a wider quarterly loss as it was hit mainly by losses related to its Hard Rock joint venture. Morgans Hotels Group and DLJ ...

NEW YORK CITY-Ian Schrager's Morgans Hotel Group has received $580 million in floating rate financing on its hotel assets around the country that total 1,516 keys. Those assets include the Hudson, ...

New York-based Morgans Hotel Group Co. (MHGC) announced that its chief executive officer (CEO) Fred Kleisner will resign upon the completion of his tenureship on December 31. The hotel company ...

NEW YORK, Sept 20 (Reuters) - Morgans Hotel Group Co said on Thursday that Chief Executive W. Edward Scheetz has resigned by mutual agreement with the company in order to allow him to address ...