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Enter Symbol:
Rating: MHGC
Mkt Outperform $12

JMP Securities reiterated Morgans Hotel Group Co. (NASDAQ: MHGC) to Mkt Outperform with price target $12

Wednesday,  Jan 26, 2011  11:25 AM ET by Lynn Gilbert

JMP Securities reiterated Morgans Hotel Group Co. (NASDAQ: MHGC) to Mkt Outperform with
price target $12. Previously, JMP Securities rated Morgans Hotel Group Co. (NASDAQ: MHGC) to Mkt Outperform on 03/30/2010, when the stock price was valued at $6.68.

Morgans Hotel Group Co. is an integrated hospitality company that operates, owns, acquires, develops and redevelops boutique hotels primarily in gateway cities and select resort markets in the United States, Europe and in select international locations. As of December 31, 2008, the Company owned or partially owned, and managed a portfolio of 12 luxury hotel properties in New York, Miami, Los Angeles, Scottsdale, San Francisco, London and Las Vegas, comprising approximately 3,700 rooms. In addition, it has two hotel developments, in Boston and New York, and a hotel expansion in Las Vegas representing an estimated 1,300 additional guest rooms. In June 2008, the Company entered in a joint venture agreement with Normandy Real Estate Partners and Ames Hotel Partners as part of the development of the Ames hotel in Boston, Massachusetts.

MP Securities' equity research department provides institutional clients with comprehensive industry knowledge, unique insight and actionable information. JMP's senior research analysts are charged with developing proprietary investment themes, anticipating secular and cyclical changes and producing action-oriented reports. JMP follows companies in six industries that exhibit above-average long-term growth characteristics — Technology, Healthcare, Consumer, Real Estate, Financial Services and Business Services — and produces specialized equity research that enables investors to understand and invest in complicated growth stocks profitably.

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