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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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May 21, 2015
07:09 EDTMHGCBurkle pressured Morgans Hotel CEO to resign, NY Post reports
The resignation yesterday of Morgans Hotel Group interim CEO Jason Kalisman was a victory for Ron Burkle's Yucaipa Cos., New York Post reports, citing a source close to the situation. Burkle pressured Kalisman to resign after trying to block his attempts to sell the company's most valuable properties, the Post adds. Reference Link
May 19, 2015
17:27 EDTMHGCMorgans Hotel announces Jason Kalisman resigned as Interim CEO
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