NEW YORK--(BUSINESS WIRE)--Morgans Hotel Group Co. (NASDAQ:MHGC) announced today that it has successfully completed an amendment to its existing line of credit.
“The amendment provides us with significant liquidity and flexibility to accommodate our business needs through these challenging times,” said Marc Gordon, Chief Investment Officer of Morgans Hotel Group. “We are proud of the expression of confidence from our lender group. We appreciate their support and thank them for working with us.”
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