Morgans Announces 1Q '08 Earnings Date and Conference Call

. October 14, 2008

APRIL 29, 2008. Morgans Hotel Group Co. (NASDAQ:MHGC) ("MHG") today announced that it will release its first quarter 2008 results after the market close on Thursday, May 8, 2008.

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 May 8, 2008 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 webcast.

The call can also be accessed live over the phone by dialing 800-683-1525 or 973-872-3197 for international callers; the password is 45774481. A replay of the call will be available two hours after the call and can be accessed by dialing 800-642-1687 or 706-645-9291 for international callers; the password is 45774481. The replay will be available from May 8, 2008 through May 15, 2008.

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