>Morgans Hotel Refinances Debt

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>Morgans Hotel Group Co. (MHGC – Snapshot Report) announced recently that it has refinanced in full the existing mortgage debt secured by two hotels in London. The company enjoys a 50% ownership through a joint venture with an affiliate of Walton Street Capital in these two hotels. Morgans Hotel Group’s operates the two hotels – Sanderson and St Martins Lane in London under a long-term management contract.

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