Morgans Hotel Group (MHGC) Posts Q4 Loss of 31c/Share

Morgans Hotel Group (NASDAQ: MHGC) reported Q4 EPS of ($0.31), $0.55 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $62.38 million versus the consensus estimate of $65.2 million.

The Company's System-Wide Comparable Hotels on the West Coast generated 13.9% RevPAR growth in the fourth quarter of 2014 as compared to 2013, with a 21.5% RevPAR increase at Mondrian Los Angeles and a 9.2% RevPAR increase at Clift.

For earnings history and earnings-related data on Morgans Hotel Group (MHGC) click here.

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