• Morgans wins loan extension

Morgans Hotel Group has secured agreements from lenders of two loans worth $337.5m, to extend them until 12 October.

The loans are comprised of a $217.0m mortgage secured on the Hudson and a $120.5m mortgage secured on the Mondrian Los Angeles. The loans were scheduled to mature on 12 July.

See the full release here:
http://www.marketwatch.com/story/morgans-hotel-group-provides-update-on-the-status-of-the-debt-secured-by-hudson-and-mondrian-los-angeles-2010-09-10?reflink=MW_news_stmp

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