Morgans Hotel Group

At Morgans Hotel Group, we are the global leader and innovator of the lifestyle hospitality sector, dedicated to building a differentiated brand portfolio and establishing our properties in 24 hour urban and select resort markets. We create a vibe that encourages our guests, who we call the Creative Class, to live every moment more intensely. Morgans Hotel Group is immersive, transformative and deeply engaging; embracing irony and style, elegance and luxury, with strong and daring vision. We bring together the creative power of many – designers, artists, musicians – to bend the rules, stretch the realm of possibility and constantly push the boundaries of what a hotel can be. We lead, where others follow. DELANO BRAND Delano is the ultimate oasis of sensuality and soul, where sophistication and ease seamlessly blend with timeless design. Effortlessly chic and flirtatious, yet restrained in its simplicity, Delano is proof that the new rules of elegance are crisp, clean, and modern, without fuss or complexity. There is a world outside Delano, but there is nothing there you need. Delano is in South Miami Beach, Las Vegas, and is coming soon to Cartagena, Cesme and Dubai. MONDRIAN BRAND Mondrian is a place to see-and-be-seen. Here we believe in the perfect moment, where confidence reigns and perpetual possibility awaits. Intense, current, and playful, Mondrian is bold and brave, offering instant excitement the minute the door swings open - seductive and striking, it’s where glamour and fantasy prevail. Mondrian is in London, Los Angeles, and South Miami Beach, and is coming soon to Doha and Istanbul. HUDSON BRAND Hudson is filled with exuberance and energy, social interaction and passion for life. It all begins in the lobby, the heart and soul of the hotel, where intriguing lives intersect, genuine conversations spark, and adventure and experimentation begin. Spirited and casual, Hudson is the perfect urban playground, where youthful curiosity hangs with eclectic enchantment, and around every corner lies another opportunity to explore. Hudson is in New York City. ORIGINALS BRAND Originals are a family of individual hotels that shun the status quo, each distinctive and daring, creating a surreal fantasy where anything is possible. Stimulating, charismatic and iconic, Originals bring vision and style together with a spirit filled with magic and illusion. Sanderson and St Martins Lane in London, Morgans and Royalton in New York, Clift in San Francisco, Shore Club in South Miami Beach, and 10 Karaköy in Istanbul are all Originals.
Type
Public
HQ
New York, US
Founded
1984
Size (employees)
2,700 (est)
Morgans Hotel Group was founded in 1984 and is headquartered in New York, US

Morgans Hotel Group Office Locations

Morgans Hotel Group has an office in New York
New York, US (HQ)
475 10th Ave

Morgans Hotel Group Data and Metrics

Morgans Hotel Group Financial Metrics

Morgans Hotel Group's revenue was reported to be $220 m in 2015
Numbers are in $, USD

Revenue (Y, 2015)

220 m

Revenue growth (Y, 2014 - Y, 2015), %

(6%)

Net income (Y, 2015)

22.1 m

EBIT (Y, 2015)

11.9 m

Market capitalization (30-Nov-2016)

75.2 m

Closing share price (30-Nov-2016)

2.1

Cash (31-Dec-2015)

45.9 m
Morgans Hotel Group's current market capitalization is $75.2 m.
Numbers are in $, USDFY, 2013FY, 2014Y, 2015

Revenue

236.5 m235 m220 m

Revenue growth, %

(1%)(6%)

Operating expense total

238.4 m233.5 m208.1 m

EBIT

(1.9 m)1.5 m11.9 m

EBIT margin, %

(1%)1%5%

Interest expense

46 m54.3 m48.1 m

Interest income

48.1 m

Income tax expense

716 k1.5 m(50.2 m)

Net Income

(44.2 m)(50 m)22.1 m
Numbers are in $, USDFY, 2013FY, 2014FY, 2015

Cash

10 m13.5 m45.9 m

Accounts Receivable

18.4 m10.5 m8 m

Inventories

PP&E

292.6 m277.8 m265.7 m

Goodwill

66.6 m54.1 m54.1 m

Total Assets

571.2 m551.2 m561.8 m

Accounts Payable

Additional Paid-in Capital

252.8 m241 m236.7 m

Retained Earnings

(462 m)(517.6 m)(499.8 m)
Numbers are in $, USDFY, 2013FY, 2014FY, 2015

Net Income

(44.2 m)(50 m)22.1 m

Depreciation and Amortization

27.4 m28.9 m22.4 m

Accounts Receivable

(3.9 m)4.6 m2 m

Inventories

Accounts Payable

Cash From Operating Activities

(3.1 m)(3.9 m)5.7 m

Purchases of PP&E

(9.5 m)(5.3 m)(7.1 m)

Cash From Investing Activities

(7.4 m)(18.9 m)28.5 m

Cash From Financing Activities

14.7 m26.2 m(1.8 m)

Interest Paid

36.6 m44.4 m40.7 m

Income Taxes Paid

150 k1 m84 k

Morgans Hotel Group Market Value History

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