Luxury Boutique Hotel Operator Morgans Hotel Cashflow Challenges

William Mack recently published an in-depth article on the luxury boutique hotel operator Morgans Hotel.

Morgans Hotel Group (MHGC) is the original “boutique” hotel operator, with about 4,950 rooms at its 15 properties. With designs by the famous duo of Philippe Starck and Ian Schrager, its flagship hotels help to attract a celebrity following and enhance a glamorous image throughout the system. MHGC has grown from a portfolio of just nine hotels to today’s 15, located primarily in gateway cities. Beginning with the purchase of the Las Vegas Hard Rock in early 2007, the company’s aggressive growth at the end of the most recent lodging cycle has provided management a huge challenge: improve operational results, while keeping lenders at bay.

You can read the full article here Morgans Hotel: Clouds Ahead for Boutique Hotel Operator?

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