MHGC Profile
Morgans Hotel Group Co. (MHGC) was a publicly traded hotel management company based in New York City, USA. The company was primarily focused on developing, operating, and franchising boutique hotels in major urban centers around the world.
Morgans Hotel Group Co. was acquired by sbe Entertainment Group, LLC in December 2016, and as a result, the company is no longer traded on any stock exchange. Therefore, its current market capitalization is not available.
Before the acquisition, Morgans Hotel Group Co. had a market capitalization of around $160 million. The company owned and operated several hotels under various brands, including Delano, Hudson, and Mondrian. Morgans Hotel Group Co. also had a management and licensing business, which provided services to third-party hotel owners.
Investing in hotel companies like Morgans Hotel Group Co. carries certain risks, including the potential for economic downturns, changes in consumer preferences, and supply and demand imbalances in the hotel industry. It is important for potential investors to conduct thorough research and analysis before making any investment decisions.
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