Morgans Hotel Group Co. (MHGC) Posts Q1 Operating Loss of 43c/Share

Morgans Hotel Group Co. (NASDAQ: MHGC) reported Q1 EPS of ($0.43), $0.03 better than the analyst estimate of ($0.46). Revenue for the quarter came in at $47.68 million versus the consensus estimate of $39.9 million.

Revenue per available room ("RevPAR") for System-Wide Comparable Hotels increased by 17.0% in actual dollars, or 17.2% in constant dollars, during the first quarter of 2013 from the comparable period in 2012, the Company's highest RevPAR growth rate since the first quarter of 2007.

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

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