• Morgans hit by winter weather

Morgans Hotel Group has reported a 9.7% increase in full-year revpar, with fourth-quarter revpar slowing to an increase of 5.2% as performance was hit by bad weather in the US.

Adjusted full-year Ebitda was up 30.8% to $53.0m. The group said that it remained hard to make forecasts over future trading, "given the short term booking patterns and transient nature of the hotel business".

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