OTK Associates Files Detailed Investor Presentation on Morgans Hotel Group with the SEC

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OTK Associates Files Detailed Investor Presentation on Morgans Hotel Group with the SEC

NEW YORK--(BUSINESS WIRE)-- OTK Associates, LLC ("OTK"), the largest shareholder of Morgans Hotel Group Co. ("Morgans") (NAS: MHGC) with 13.9% of the outstanding common stock of the company, today filed an investor presentation with the Securities and Exchange Commission in connection with the slate of seven directors it has nominated for election to the board of directors of Morgans at the company's upcoming annual meeting of stockholders on June 14, 2013. The presentation details OTK's plan to align the interests of the board and management with the stockholders of the company and maximize value.

The full presentation can be found at http://1.usa.gov/13fm5L1.


OTK is urging stockholders to vote the GOLD proxy card today to elect OTK's proposed slate of independent director nominees, who possess significant lodging industry expertise, capital markets experience and hotel operating acumen.

IMPORTANT INFORMATION

STOCKHOLDERS ARE ADVISED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO SOLICITATION OF PROXIES BY OTK ASSOCIATES, LLC AND ITS AFFILIATES FROM THE STOCKHOLDERS OF MORGANS HOTEL GROUP CO. FOR USE AT THE 2013 ANNUAL MEETING OF MORGANS HOTEL GROUP CO. WHEN THEY ARE AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. SUCH MATERIALS ARE, ALONG WITH OTHER RELEVANT DOCUMENTS, AVAILABLE AT NO CHARGE AT THE SECURITIES AND EXCHANGE COMMISSION'S WEBSITE AT HTTP://WWW.SEC.GOV OR BY CONTACTING THE PARTICIPANTS' PROXY SOLICITOR, OKAPI PARTNERS, TOLL FREE AT (877) 869-0171, OR BY EMAIL TO INFO@OKAPIPARTNERS.COM.



Investor:
Okapi Partners LLC
Bruce Goldfarb/Patrick McHugh/Charles Garske
212-297-0720
or
Media:
Sard Verbinnen & Co
Dan Gagnier/Nathaniel Garnick
212-687-8080

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

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