Morgans Hotel Group is an integrated lifestyle hospitality company, that owns, develops, operates, and licenses boutique hotels. It operates primarily in gateway cities and select resort markets in the United States, Europe, and internationally.

Type
Subsidiary
HQ
Los Angeles, US
Founded
1984
Morgans Hotel Group was founded in 1984 and is headquartered in Los Angeles, US
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Morgans Hotel Group Office Locations

Morgans Hotel Group has offices in Los Angeles, West Hollywood, New York, Miami Beach and in 6 other locations
Los Angeles, US (HQ)
5900 Wilshire Blvd
Las Vegas, US
3940 S Las Vegas Blvd
Miami Beach, US
1901 Collins Ave
Miami Beach, US
1100 West Ave
Miami Beach, US
1685 Collins Ave
New York, US
358 W 58th St
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Morgans Hotel Group Financials and Metrics

Summary Metrics

Founding Date

1984

Morgans Hotel Group Financials

Morgans Hotel Group's revenue was reported to be $219.98 m in Y, 2015 which is a 6.4% decrease from the previous period.
Annual
USDFY, 2013FY, 2014Y, 2015

Revenue

236.5 m235 m220 m

Revenue growth, %

(1%)(6%)

EBIT

(1.9 m)1.5 m11.9 m

EBIT margin, %

(1%)1%5%
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

58.3 m55.6 m61.4 m55.5 m53.3 m56.2 m53.2 m51 m52.9 m48.4 m

Operating expense total

57.8 m64.7 m59.5 m53.7 m52.4 m51.3 m50.6 m49.8 m50 m47.9 m

EBIT

445 k(9.1 m)2 m1.8 m952 k4.9 m2.6 m1.3 m2.9 m544 k

EBIT margin, %

1%(16%)3%3%2%9%5%2%5%1%
Annual
USDFY, 2013FY, 2014FY, 2015

Cash

10 m13.5 m45.9 m

Accounts Receivable

18.4 m10.5 m8 m

PP&E

292.6 m277.8 m265.7 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

7.6 m129.1 m133 m96.3 m38.1 m33 m38.8 m11.9 m11.2 m10.6 m

Accounts Receivable

17.3 m19.2 m20.2 m15.4 m10.8 m9.5 m9.8 m7.5 m7.3 m7.6 m

PP&E

297.3 m288.3 m284.4 m281.3 m273.6 m269.9 m268.1 m261.7 m257.9 m254.5 m

Goodwill

66.6 m66.6 m66.6 m66.6 m54.1 m54.1 m54.1 m53.7 m53.7 m53.7 m
Annual
USDFY, 2013FY, 2014FY, 2015

Net Income

(44.2 m)(50 m)22.1 m

Depreciation and Amortization

27.4 m28.9 m22.4 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Net Income

(38.1 m)(23.9 m)(33.4 m)(43.5 m)(12.8 m)(19.5 m)(27 m)(8.9 m)(14.7 m)(23.1 m)

Depreciation and Amortization

15.2 m5 m9.9 m14.9 m4.8 m9.6 m14.4 m4.9 m9.7 m14.6 m

Cash From Operating Activities

(3.6 m)(1.1 m)(3.5 m)(5.2 m)(5.7 m)(7.2 m)(4.7 m)(2.9 m)(1.9 m)266 k

Purchases of PP&E

(9.1 m)(1 m)(2.1 m)(3.9 m)(577 k)(1.7 m)(4.6 m)(897 k)(2 m)(3.5 m)
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