Morgans Hotel Group (MHGC) Reports Q2 Loss of $0.31

Morgans Hotel Group (NASDAQ: MHGC) reported Q2 EPS of ($0.31), versus ($0.40) reported last year. Revenue for the quarter came in at $56.2 million, versus $53.31 million reported last year.

Revenue per available room ("RevPAR") for System-Wide Comparable Hotels decreased by 5.7% during the second quarter of 2015 as compared to the second quarter of 2014. System-Wide Comparable Hotels' room revenues plus resort fees, implemented at certain hotels in the second half of 2014, decreased 2.2% during the second quarter of 2015 as compared to the same period in 2014.

For earnings history and earnings-related data on Morgans Hotel Group (MHGC) click here.

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