Current Report Filing (8-k)
January 29 2016 - 8:39AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 28, 2016
Morgans Hotel Group Co.
(Exact name of registrant as specified in its charter)
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Delaware |
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001-33738 |
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16-1736884 |
(State or other Jurisdiction of
Incorporation) |
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(Commission
File Number) |
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(IRS Employer
Identification No.) |
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475 Tenth Avenue
New York, NY |
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10018 |
(Address of Principal Executive Offices) |
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(Zip Code) |
Registrants telephone number, including area code: (212) 277-4100
Not applicable
(Former
name or former address if changed since last report.)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. Other Events
On January 28, 2016, Morgans Hotel Group Management LLC (Morgans) entered into amendments to each of the hotel management agreements relating
to Royalton hotel and Morgans hotel, both owned by affiliates of FelCor Lodging Trust Incorporated (FelCor). In connection with FelCors potential sale of each of Royalton and Morgans, announced today, Morgans
and FelCor agreed to allow FelCor to sell the hotels unencumbered by the current hotel management agreements. Under each of the amendments, FelCor has the right to terminate the hotel management agreements at any
time upon at least 30 days prior written notice in exchange for paying Morgans $3.5 million for each of the hotels upon a termination of each agreement (for a total of $7.0 million). FelCor has stated that it expects that Morgans will
continue to manage the hotels for FelCor until they are sold.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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MORGANS HOTEL GROUP CO. |
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Date: January 29, 2016 |
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By: |
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/s/ Richard Szymanski |
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Name: |
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Richard Szymanski |
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Title: |
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Chief Financial Officer |
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