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Morgans Hotel Group Temporarily Closes the Royalton Hotel in Manhattan; 
Will Undergo a Complete Refurbishment and Redesign 

NEW YORK - June 1, 2007 - Morgans Hotel Group Co. (NASDAQ: MHGC) (“MHG”) today announced that it will temporarily close its legendary Royalton hotel on June 10th, 2007, for the first time since opening in 1988, to undergo a complete refurbishment and redesign. 

The newly renovated Royalton will feature thoughtfully re-imagined public spaces including the entrance, lobby, restaurant, bar, lounge areas, and hallways on the guestroom floors. The hotel will also boast three newly designed penthouses and upgraded guest rooms. It is anticipated that the grand re-opening of Royalton’s new design will occur in October 2007. 

“Our distinctive brands are MHG’s greatest asset, and the best way for us to remain at the forefront of the boutique hotel sector is by ensuring that our properties consistently exceed our guests’ expectations,” said Ed Scheetz, President and Chief Executive Officer of MHG. “We look forward to revamping Royalton to enhance the property’s elegance and style, appealing to today’s modern guest.” 

Hotel guests scheduled to stay at Royalton during this period will have an option of staying at either Morgans (located in mid-town east) or Hudson (located blocks from Central Park). 

The closing of the hotel is not expected to have a material impact on our financial condition or our previously issued guidance for 2007. 

ABOUT MORGANS HOTEL GROUP 
Morgans Hotel Group Co. (NASDAQ: MHGC), which is widely credited with establishing and developing the rapidly expanding boutique hotel sector, owns and operates Morgans, Royalton and Hudson in New York, Delano and The Shore Club in Miami, Mondrian in Los Angeles, Scottsdale and South Beach, Clift in San Francisco, and Sanderson and St Martins Lane in London. In February 2007, MHG and an equity partner acquired the Hard Rock Hotel & Casino in Las Vegas and related assets. MHG has other property transactions in various stages of completion including projects in Miami Beach, Florida, and Las Vegas, Nevada, and continues to vigorously pursue its strategy of developing unique properties at various price points in international gateway cities in the United States, Europe, South America, Asia and around the world. For more information please visit www.morganshotelgroup.com. 

Statements contained in this press release which are not historical facts are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995. 

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Contact:

Morgans Hotel Group
Jennifer Foley, 212-277-4166


 

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Also See: Morgans Hotel Group Co. to Acquire Hard Rock Hotel & Casino in Las Vegas and Related Assets for $770 Million / May 2006
Tim Miller Rejoins Morgans Hotel Group as Chief Branding Officer and Jennifer Nellany Named General Counsel / June 2006
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