Morgans Announces 4Q Earnings Conference Call Information

. October 14, 2008

FEBRUARY 21, 2007. Morgans Hotel Group Co. ("MHG")(NASDAQ:MHGC)has announced that it will release its fourth quarter 2006 results after the market close on Thursday, March 15, 2007.

In conjunction with the release, the Company will host a conference call to review the quarter's results. The call will be webcast live over the Internet at 5:00 PM Eastern time on March 15, 2007 and can be accessed at www.morganshotelgroup.com under the About Us, Investor Overview section. Participants should follow the instructions provided on the website for the download and installation of audio applications necessary to join the web cast.

The call can also be accessed live over the phone by dialing 877-502-9274 or 913-981-5584 for international callers. A replay of the call will be available two hours after the call and can be accessed by dialing 888-203-1112 or 719-457-0820 for international callers; the password is 5429446. The replay will be available from March 15, 2007 through March 22, 2007.

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