MHGC Description — Morgans Hotel Group Co
Morgans Hotel Group is a hospitality company that operates, owns, acquires, develops and redevelops boutique hotels in the U.S., Europe and other locations. Co. conducts its operations through Morgans Group LLC, and its operating company (Morgan Group). Co. manages all aspects of Morgans Group. As of Dec 31 2015, Co.'s portfolio of hotel properties and food and beverage operations and entities consisted of: three owned and managed hotels; food and beverage operations; two joint venture hotels; seven managed hotels; its licensed hotel; its 90.0% controlling interest in TLG Acquisition LLC; and its investments in hotels under development and other proposed properties.