Company Fundamentals\Company Profile
A Wright Investors' Service Research Report:
Morgans Hotel Group Co.
440 Wheelers Farms Road
Milford, CT 06461 U.S.A.
COMPANY PROFILE
Figures in U.S. Dollars
Wright Quality Rating:DLNN Key Data
Morgans Hotel Group Co. is a fully integrated hospitality company that operates, Ticker:
owns, acquires, develops and redevelops boutique hotels primarily in gateway cities MHGC
and select resort markets in the United States, Europe and in select international
locations. At December 31, 2009, the Company owned or partially owned, and 2010 Sales:
managed a portfolio of 13 luxury hotel properties in New York, Miami, Los Angeles,
236,370,000
San Francisco, London, Las Vegas, Boston and Scottsdale, comprising approximately
4,700 rooms. In addition, it manages two non-Morgans Hotel Group branded hotels in
San Juan, Puerto Rico and Playa del Carmen, Mexico comprising approximately 150 Major Industry:
rooms. It also has a hotel under development in the SoHo neighborhood of New York. Miscellaneous
It has other hotel development projects, including projects to be developed by third-
parties but managed by the Company upon completion, in various stages of Sub Industry:
advancement and pending financing, located in Palm Springs and elsewhere. Hotel & Motel Chains
Stock Chart Officers
Chairman Country:
David T. Hamamoto United States
Chief Executive Officer Currency:
Michael Gross
U.S. Dollars
Executive Vice President &
Fiscal Year Ends:
Chief Operating Officer
Daniel R. Flannery December
Chief Financial Officer Employees
Richard T. Szymanski 4,600
Exchanges:
NAS FRA
Share Type:
Common
Market Capitalization:
Stock Price (9/2/2011): 6.33
193,205,488
Recent stock performance
1 Week -0.8%
4 Weeks 11.1% Total Shares
13 Weeks -14.9% Outstanding:
52 Weeks -9.6% 30,522,194
Earni