Last Updated - Tuesday, March 11, 2014McCaysville GA –  March 11, 2014 (Hospitalitybusinessnews.com) Morgans Hotel Group has been going through...

Last Updated - Monday, February 10, 2014NEW YORK–(hospitalitybusinessnews.com)– Morgans Hotel Group Co., the New York-based hospitality management...

Last Updated - Thursday, December 19, 2013Hotel owners and operators are catching the attention of U.S. shareholder activists as surging property values spur investors to press for higher returns at companies seen as laggards. Strategic Hotels & Resorts Inc. (BEE), owner of Manhattan’s JW Marriott Essex House, is under pressure from Orange Capital LLC to consider...

Last Updated - Thursday, November 7, 2013NEW YORK, Nov. 6, 2013 (hospitalitybusinessnews.com) — Morgans Hotel Group Co. today reported financial...

Last Updated - Sunday, November 3, 2013NEW YORK–(hospitalitybusinessnews.com)–Morgans Hotel Group Co.  today confirmed that it has received a letter from The Yucaipa Companies, LLC, containing an unsolicited and conditional proposal to acquire Morgans Hotel Group for $8.00 per share. The Company’s Board of Directors will carefully review the proposal...

Last Updated - Wednesday, September 4, 2013Billionaire Ron Burkle, an investor in Morgans Hotel Group Co., demanded its board sell the boutique-lodging company after Chief Executive Officer Michael Gross resigned. “Get Morgans on the market and sell it to an appropriate buyer,” Burkle, founder of Morgans shareholder Yucaipa Cos., wrote in a letter to Chairman Jason...

Last Updated - Tuesday, September 3, 2013New York (hospitalitybusinessnews.com) September 3, 2013 – On August 30, 2013, Michael Gross, who has served...

Last Updated - Tuesday, July 16, 2013NASSAU, The Bahamas, July 15, 2013 (hospitalitybusinessnews.com) — This past February, Baha Mar celebrated the...

Last Updated - Saturday, June 15, 2013Dissident shareholder OTK Associates gained control of Morgans Hotel Group Corp.’s board Friday, likely reducing...

Last Updated - Saturday, June 15, 2013DALLAS, TX, Jun 13, 2013 (hospitalitybusinessnews.com) — JMJ Development, LLC has filed suit in Istanbul, Turkey asserting breach of contract, tortuous interference with existing and prospective contracts, intentional misrepresentation, conversion, fraud, and conspiracy against a land owner, Zeki Coruk, Morgans Hotel Group and...

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