Morgans Hotel Group (MHGC) Tops Q3 EPS by 3c

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Go back to Morgans Hotel Group (MHGC) Tops Q3 EPS by 3c

Morgans Hotel Group Reports Third Quarter 2015 Results

November 4, 2015 4:18 PM EST

NEW YORK, Nov. 4, 2015 /PRNewswire/ -- Morgans Hotel Group Co. (NASDAQ: MHGC) (the "Company" or "Morgans") today reported financial results for the quarter ended September 30, 2015. The Company's Board of Directors (the "Board") also announced that it is executing on a new strategic plan to create long-term value and is in the process of engaging a new President and Chief Executive Officer.  Pursuant to the strategic plan, the Company will initiate shortly a broker-marketed monetization of Hudson New York and Delano South Beach.

The Company also announced today that Michael Olshan... More