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Morgans Hotel Group Co(MHGC)

 
123Jump Rating:   Underwriters: Morgan Stanley
      Merrill Lynch & Co.
Status: Priced  
 
Address: 475 10th Ave.
 FiledDate: 10/27/2005
  New York,
    
  NY 10018
 Filed Price Range ($): $19-21
       
Telephone: 212-277-4100 Filed Offer Amount ($ Million): $300.00
       
Fax: 212-277-4260 Shares Offered (Millions): 18
       
Websites: www.morganshotelgroup.com Shares Outstanding (Millions): 33.5
       
Management: David Hamamoto, Chair.
 IPO Date: 02/14/2006
  Edward Scheetz, Pres./Dir./CEO
    
  Richard Szymanski, CFO
 Final Offer Price ($): $20.00
       
Industry: Resorts Final Offer Size (Millions of Shares): 18.00
       
Employees: 1,900 Final Offer Amount ($ Million): $360.00
       
Competitors: Ritz-Carlton
 S-1 Forms:
  Starwood Hotels & Resorts
    
  LXR Luxury Resorts
  
       
     
     
     
       
 
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Major Stock Holders   (Prior To Offering)

Name

 Class A
David T. Hamamoto 2.20%
NCIC MHG Subsidiary LLC 30.30%
NorthStar Partnership, L.P. 6.90%
NorthStar Partnership, L.P. 6.00%
W. Edward Scheetz 2.20%

Major Stock Holders  (After Offering)

Name

 Common Stock Class A Class B Class C Class L ADS
David T. Hamamoto 0% 2.00% 0% 0% 0% 0%
NCIC MHG Subsidiary LLC 0% 28.10% 0% 0% 0% 0%
NorthStar Partnership, L.P 0% 5.50% 0% 0% 0% 0%
RSA Associates, L.P. 0% 6.40% 0% 0% 0% 0%
W. Edward Scheetz 0% 2.00% 0% 0% 0% 0%

Income Data (Thousand $ Except EPS)
Year Revenues Costs Oper Income Taxes Net Income EPS
2002 204,925 179,922 25,003 576 -23,845 0.00
2003 210,643 186,019 24,624 652 -42,471 0.00
2004 234,398 196,684 37,714 827 -31,595 0.00
2005 190,246 152,951 37,295 574 -29,146 0.00
*As of period Ended September 30, 2005

Balance Sheet Data (Thousand $)

Year

 Cash Acct Recv. Inventory Total Cur Assets Total Cur Liability PPE Total Assets LT Debt SH Equity
2003 3,728 6,702 0.00 0.00 633,456 468,676 616,722 547,892 616,722
2004 12,915 8,884 0.00 0.00 607,551 446,811 612,683 550,951 612,683
2005 23,748 10,737 0.00 0.00 717,747 430,527 623,627 659,941 623,627
*As of period Ended September 30, 2005

Cash Flow Summary (Thousand $)

Year

 Net Cash-Ops Net Cash-Inv Net Cash-Fin Net Change
2002 -528 -15,410 12,962 -2,976
2003 7,050 -9,065 3,659 1,644
2004 -22,820 -12,630 44,637 9,187
2005 9,966 -23,473 24,340 10,833
*As of period Ended September 30, 2005
 
 
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