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Monday, October 10, 2011

Morgans Hotel Group to sell 2 London-hotel stakes

Morgans Hotel Group to sell 2 London-hotel stakes By Mia Lamar Morgans Hotel Group Co. /quotes/zigman/98618/quotes/nls/mhgc MHGC -5.14% and its joint venture partner plan to sell two London hotels for roughly $295 million in a move it said will give it capital for growth. The operator of boutique ... Morgans Hotel Group to sell 2 London-hotel stakes

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