$MHGC News

Last published 10y ago

10y agoMHGCMorgans Hotel's (MHGC) Management on Q4 2015 Results - Earnings Call TranscriptEarnings Call Transcripts
10y agoMHGCMorgans Hotel Group (MHGC) Q4 2015 Results - Earnings Call WebcastEarnings Call Transcripts
11y agoMHGCMoMA Design Store Presents The Skateroom at Delano South BeachBusiness WireNEW YORK--(BUSINESS WIRE)--The Museum of Modern Art (MoMA) Design Store is excited to announce its first installation and pop-up shop during the week of Art Basel Miami Beach with The Skateroom at Delano, a Morgans Hotel Group (NASDAQ:MHGC) property celebrating its 20th anniversary this year. The three entities will create an immersive installation throughout the legendary property with the exclus ...
11y agoMHGCHudson New York Launches $15 Room Rates to Commemorate 15th AnniversaryBusiness WireNEW YORK--(BUSINESS WIRE)--Morgans Hotel Group Co. (NASDAQ:MHGC) today announced the launch of unprecedented celebratory rates to commemorate the 15th anniversary of Hudson New York. Fifteen years ago in October, Hudson opened its doors in the heart of New York, transforming an historic building into a moment filled with theater. The iconic hotel broke the mold for boutique hotels and excited gues ...
12y agoMHGCMorgans Hotel Group Refinances Debt Secured by Hudson and Delano South BeachBusiness WireNEW YORK--(BUSINESS WIRE)--Morgans Hotel Group Co. (NASDAQ:MHGC) (“Morgans”), the New York-based hospitality management company, announced today that it has successfully refinanced its $180 million mortgage loan secured by Hudson in New York and its $100 million revolving credit facility secured by Delano South Beach. The mortgage loan and credit facility were refinanced with nonrecourse mortgage ...
12y agoMHGCDelaware Court of Chancery Sets Date for Hearing on Unopposed Motion to Dismiss Claims Against Michael J. Gross in Morgans Hotel Group Co. Stockholder Derivative ActionBusiness WireNEW YORK--(BUSINESS WIRE)--Morgans Hotel Group Co. (NASDAQ: MHGC) (the “Company”) today announced that pursuant to Orders entered by the Delaware Court of Chancery on December 3 and December 6, 2013 in the litigation captioned OTK Associates, LLC v. Friedman, et al., Civil Action No. 8447-VCL, Morgans Hotel Group Co. has issued a Notice of Hearing on Unopposed Motion to Dismiss Claims against Mich ...
12y agoEBAY MHGCStubHub, Virgin America and Hudson New York Partner to Provide the Ultimate Big Game Experience For Sale on Cyber MondayBusiness WireSAN FRANCISCO--(BUSINESS WIRE)--StubHub, the world’s largest secondary ticket marketplace, has partnered with Virgin America and Hudson New York, to offer the ultimate Cyber Monday package. Fans can purchase a once-in-a-lifetime experience to attend the Big Game. The package, offered as the “Big Game Plane”, includes a charter flight to New Jersey on a Virgin America Airbus A320, appropriately nam ...
13y agoMHGCMorgans Hotel Group Confirms Unsolicited Proposal from The Yucaipa CompaniesBusiness WireNEW YORK--(BUSINESS WIRE)--Morgans Hotel Group Co. (NASDAQ:MHGC) ("Morgans Hotel Group" or the "Company") today confirmed that it has received a letter from The Yucaipa Companies, LLC, (“Yucaipa”) containing an unsolicited and conditional proposal to acquire Morgans Hotel Group for $8.00 per share.
13y agoMHGCAll Seven OTK Associates Director Nominees Elected to Morgans Hotel Group Board of DirectorsBusiness WireNEW YORK--(BUSINESS WIRE)--OTK Associates, LLC (“OTK”), the largest shareholder of Morgans Hotel Group Co. (“Morgans”) (Nasdaq: MHGC) with 13.9% of the outstanding common stock of the company, today announced that, based on the preliminary results, Morgans stockholders have voted overwhelmingly to elect all seven OTK nominees – John Dougherty, Jason Kalisman, Mahmood Khimji, Jonathan Langer, Andre ...
13y agoMHGCLeading Proxy Advisory Firms ISS and Glass Lewis Both Reject Entirety of Morgans Hotel Group’s Slate of Nominees and Definitively Recommend Vote for Change on OTK’s Gold CardBusiness WireNEW YORK--(BUSINESS WIRE)--OTK Associates, LLC (“OTK”), the largest shareholder of Morgans Hotel Group Co. (“Morgans”) (Nasdaq: MHGC) with 13.9% of the outstanding common stock of the company, today announced that two leading proxy advisory services, Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis & Co., LLC (“Glass Lewis”) have both decisively advised Morgans’ stockholders to vote ...
13y agoMHGCOTK Associates Responds to Morgans Hotel Group’s “Promise” to Explore Strategic AlternativesBusiness WireNEW YORK--(BUSINESS WIRE)--OTK Associates LLC, the largest stockholder of Morgans Hotel Group Co. (“Morgans”) (Nasdaq: MHGC) with 13.9% of the outstanding common stock of the company, today issued the following in response to Morgans’ press release announcing its intention to initiate a process to explore strategic alternatives, if its directors are elected at its upcoming annual meeting:
13y agoMHGCOTK Associates Issues Letter to Morgans Hotel Group StockholdersBusiness WireNEW YORK--(BUSINESS WIRE)--OTK Associates LLC, the largest shareholder of Morgans Hotel Group Co. (Nasdaq: MHGC) with 13.9% of the outstanding common stock of the company, today issued a letter to Morgans Hotel Group stockholders.
13y agoMHGCOTK Associates Files Detailed Investor Presentation on Morgans Hotel Group with the SECBusiness WireNEW YORK--(BUSINESS WIRE)--OTK Associates, LLC (“OTK”), the largest shareholder of Morgans Hotel Group Co. (“Morgans”) (Nasdaq: MHGC) with 13.9% of the outstanding common stock of the company, today filed an investor presentation with the Securities and Exchange Commission in connection with the slate of seven directors it has nominated for election to the board of directors of Morgans at the comp ...
13y agoMHGCOTK Associates Mails Definitive Proxy Statement and Sends Letter to Morgans Hotel Group StockholdersBusiness WireNEW YORK--(BUSINESS WIRE)--OTK Associates, LLC (“OTK”), the largest shareholder of Morgans Hotel Group Co. (“Morgans”) (Nasdaq: MHGC) with 13.9% of the outstanding common stock of the company, today announced that it filed definitive proxy materials with the Securities and Exchange Commission in connection with OTK’s seven nominees for election to the board of directors of Morgans at its upcoming ...
13y agoMHGCDelaware Chancery Court Rules in Favor of OTK AssociatesBusiness WireNEW YORK--(BUSINESS WIRE)--OTK Associates LLC, the largest stockholder of Morgans Hotel Group Co. (Nasdaq: MHGC) with 13.9% of the outstanding common stock of the company, today announced that Vice Chancellor J. Travis Laster of the Delaware Court of Chancery has issued an order granting a preliminary injunction prohibiting Morgans Hotel Group’s board from taking any steps to postpone the Annual M ...
13y agoMHGCOTK Associates Releases New Letter to Morgans Hotel Group StockholdersBusiness WireNEW YORK--(BUSINESS WIRE)--OTK Associates LLC, the largest stockholder of Morgans Hotel Group Co. (Nasdaq: MHGC) with 13.9% of the outstanding common stock of the company, today released the following open letter to Morgans stockholders.
13y agoMHGCOTK Associates Obtains Delay of Morgans Hotel Group’s Rights OfferingBusiness WireNEW YORK--(BUSINESS WIRE)--OTK Associates LLC, the largest stockholder of Morgans Hotel Group Co. (Nasdaq: MHGC) with 13.9% of the outstanding common stock of the company, today commented on the postponement of Morgans’ recently announced rights offering and recapitalization plan pending a hearing for a preliminary injunction in Delaware Chancery Court. The hearing is expected to be scheduled befo ...
13y agoMHGCOTK Associates Files a Motion to Join Derivative Lawsuit Against Morgans Hotel GroupBusiness WireNEW YORK--(BUSINESS WIRE)--OTK Associates LLC, the largest stockholder of Morgans Hotel Group Co. (Nasdaq: MHGC) with 13.9% of the outstanding common stock of the company, today disclosed that it has filed a motion to join a derivative lawsuit filed in Delaware Chancery Court to stop a self-serving recapitalization that the company is rushing to consummate in advance of a stockholder meeting initi ...
13y agoMHGCOTK Associates Comments on Morgans Hotel Group’s Agreement with The Yucaipa CompaniesBusiness WireNEW YORK--(BUSINESS WIRE)--OTK Associates LLC, the largest shareholder of Morgans Hotel Group Co. (Nasdaq: MHGC) with 13.9% of the outstanding common stock of the company, today commented on Morgans' agreements with The Yucaipa Companies.
13y agoMHGCOTK Associates to Nominate Directors to Morgans Hotel BoardBusiness WireNEW YORK--(BUSINESS WIRE)--OTK Associates LLC, the largest shareholder of Morgans Hotel Group Co. (Nasdaq: MHGC) with 13.9% of the outstanding common stock of the company, today disclosed that it intends to nominate a slate of seven candidates to the company’s board of directors and notified the company of its intent in a letter on March 15, 2013. Morgans' 2013 Annual Meeting of Shareholders is sc ...
15y agoINV EAT PNRA JACK+17Strategos/wRatings Innovation Index Identifies the Most Innovative Travel & Hospitality CompaniesBusiness WireTAMPA, Fla.--(BUSINESS WIRE)--Innovaro (NYSE Amex:INV), a comprehensive innovation solution company, and The wRatings Corporation, an independent stock research firm, today announced the results of their quarterly Strategos/wRatings Innovation Index, with the focus of this issue on the Travel and Hospitality industry. The study was conducted as a collaborative effort between Strategos, the strateg ...