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Stock Market & Financial Investment News

News Breaks
August 8, 2014
07:17 EDTMHGCMorgans Hotel reports Q2 EPS (40c), one estimate (26c)
Reports Q2 revenue $61.45M, one estimate $62.6M; Reports Q2 hotel revenue $55.59M
News For MHGC From The Last 14 Days
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March 16, 2015
16:52 EDTMHGCVector Group raises stake in Morgans Hotel to 7.1% from 6.4%
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March 13, 2015
07:32 EDTMHGCMorgans Hotel reports Q4 RevPAR for system wide comparable hotels down 0.8%
System-Wide Comparable Hotels' room revenues plus resort fees increased 1.1% during the fourth quarter of 2014 as compared to the same period in 2013. RevPAR from System-Wide Comparable Hotels in New York decreased 3.9% for the quarter ended December 31, 2014 over the same period in 2013, due to decreased ADR. RevPAR from System-Wide Comparable Hotels in Miami decreased 4.4% in the fourth quarter of 2014 as compared to the fourth quarter of 2013. Delano South Beach experienced a RevPAR decrease of 4.9% during the fourth quarter of 2014 as compared to the same period in 2013, primarily due to market softness in October and November partially offset by a 4.4% ADR increase in December 2014 as compared to December 2013.
07:31 EDTMHGCMorgans Hotel reports Q4 EPS (31c), one estimate (24c)
Reports Q4 revenue $62.38M, one estimate $65.2M

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