Hotel News Resource - Morgans Hotel Group News

Expands Relationship with Existing Venture Partner - More

RevPAR at System-Wide Comparable Hotels decreased by 32.2% (30.6% in constant dollars) in the third quarter of 2009 compared to the third quarter of 2008. Occupancy declined by 8.9% and average daily rate declined by 25.5% (23.8% in constant dollars) compared to the same period in the prior year. - More

Morgans Hotel Group Co. (NASDAQ: MHGC) ('MHG') today named Brian Jones Senior Vice President of Sales, effective immediately. Jones will oversee Morgans' sales initiatives and strategy for Morgans Hotel Group. Jones joins Morgans from Zina International, a full service integrated marketing consultancy. Prior to that, Jones was Vice President of ... - More

Announces Appointment of Marc Gordon as President - More

Morgans Hotel Group Co. (NASDAQ: MHGC) announced a long-term management agreement for the San Juan Water and Beach Club Hotel, a 78-key beachfront hotel in Isla Verde, Puerto Rico. - More

RevPAR for System-Wide Comparable Hotels decreased 36.8% - More

Morgans Hotel Group Co. (NASDAQ: MHGC) today announced its new 'Who do you want to be?' campaign, introducing exclusive offers designed for sophisticated travelers: 'The Escapist', 'The Hedonist', 'The Romantic', 'The Socialite' and 'The Road Warrior'. - More

RevPAR for System-Wide Comparable Hotels decreased 36.0% in constant dollars in the first quarter from the comparable period in 2008. - More

Revenue per available room for Owned Comparable Hotels decreased by 17.7% in the fourth quarter from the comparable period in 2007. - More

Due to difficult economic conditions that impacted the travel industry in the fourth quarter, particularly at luxury hotels and in urban markets such as New York City, the Company expects to report a decline in RevPAR in constant dollars from Comparable Hotels of 19% versus the fourth quarter of 2007 and a decline of 4% for the full year 2008 as... - More