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Stock Market & Financial Investment News

News Breaks
November 27, 2012
17:33 EDTMHGCDavid T. Hamamoto reports 11.1% stake in Morgans Hotel
On November 20, Mr. Hamamoto resigned from the board of directors of the company and from his position as Executive Chairman of the company.
News For MHGC From The Last 14 Days
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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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