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MHGC News

Potential Morgans Hotel Group (MHGC) Sale Raises Questions From Major Investor

Gregory Cohen of Rambleside Holdings, wrote to the board that his company was concerned that Morgans would be undervalued in a transaction. Morgans has been for sale since May 2014.

With Heavy Lifting Done, Morgans Hotel Could Be Primed for Sale

One analyst increased his buyout target to $14 for the hotel operator and believes the opportunity exists for a sale since the company now has positive cash flow.

3 Leisure Stocks Pushing Industry Growth

TheStreet highlights 3 stocks that pushed the Leisure industry

Hard Rock is Low on Chips With Debt Payment Due

The owner of the Hard Rock Hotel & Casino Las Vegas has until June 2 to make up the interest it owes to its lender, but doesn't believe it'll be able to do it.

Activist Says Morgans Hotel Can Fetch $341M in a Sale

Luxury hotelier Morgans Hotel Group could receive as much as $341 million if the company elects to sell itself, according to one activist investor looking to elect a new slate of directors at the company's annual meeting.

Breaking News

Surprise: Tesla Has a New Vehicle for the Holidays

EV leader Tesla had indicated in January that it would not introduce a new vehicle to the market in 2022.

Elon Musk Shakes Up USA-Russia Talks Over Brittney Griner

Tesla's billionaire CEO is calling on the Biden administration to make a move against the mass incarceration of people for weed.

Stock Market Today - 8/11: Stocks End Mixed As Cooling Inflation Slows Fed Rate Bets

Stocks finished the day mixed as investors reappraised inflation concerns and the potential impact on interest rates.

Royal Caribbean Follows Norwegian in Making Huge Covid Move

Royal Caribbean cruise line has slowly returned to its prepandemic normal, and Carnival Cruise is likely to follow on soon.