Morgans Hotel Group Reports First Quarter 2013 Results

30 Apr

– Morgans Hotel Group Co.  (“MHG” or the “Company”) today reported financial results for the quarter ended March 31, 2013.  The Company will host a conference call to review the results on Tuesday, April 30, 2013 at 9:00 am.

Adjusted EBITDA was $7.5 million in the first quarter of 2013, a $6.5 million increase over the same period in 2012, due primarily to increases in EBITDA at the Company’s fee-owned hotels, Delano South Beach and Hudson.

 

Source:-Travelandtoureurope.com

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