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Stock Market & Financial Investment News

News Breaks
May 19, 2014
07:12 EDTMHGCVector Group 'strongly' supports sale of Morgans Hotel
Vector Group raised its stake in Morgans Hotel to 6.4% and said it "strongly" supports the potential sale or merger of the company. It urges Morgans' board to sell the company as "they firmly believe that such a transaction will maximize stockholder value."
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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