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Stock Market & Financial Investment News

News Breaks
November 15, 2012
05:16 EDTMHGCMorgans Hotel Group refinances the mortgage loan secured by Hudson
Morgans Hotel Group announced that it has successfully executed a new $180M non-recourse loan secured by Hudson in New York. The proceeds were used to retire the previous mortgage loan on Hudson of $115M and fund reserves required under the new loan, with the remainder available for general corporate purposes.
News For MHGC From The Last 14 Days
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February 10, 2016
16:22 EDTMHGCMorgans Hotel provides update on debt prepayment, strategic process
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January 29, 2016
08:31 EDTMHGCFelCor to sell Morgans, Royalton hotels in New York
FelCor Lodging Trust (FCH) announced that it is in negotiations to sell its Morgans and Royalton hotels in New York. Proceeds from these opportunistic asset sales will be used to fund initiatives intended to create significant stockholder value. FelCor and Morgans Hotel Group (MHGC), which operates the hotels, have agreed that FelCor may sell the hotels unencumbered by management. Morgans will continue to manage the properties for FelCor until they are sold.

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