Morgans Hotel Group Co (MHGC)

[Penny Roger$]

Morgans Hotel Group Co. is a fully integrated hospitality company that operates, owns, acquires, develops and redevelops boutique hotels primarily in gateway cities and select resort markets in the United States, Europe and in select international locations. At March 1, 2011, the Company owned or partially owned, and managed a portfolio of 12 luxury hotel properties in New York, Miami, Los Angeles, San Francisco, London and Boston. In addition, the Company managed two non-Morgans Hotel Group branded hotels in San Juan, Puerto Rico and Playa del Carmen, Mexico. The Company also has a number of hotel development projects, including projects to be developed by third-parties but managed by the Company upon completion, in various stages of advancement or pending financing, located in Cabo San Lucas, Mexico, on the Aegean Sea in Turkey, in the Highline area in New York City, in Doha, Qatar. In November 2011, it sold the Sanderson and St Martins Lane hotels to Capital Hill Hotels Limited.

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