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Morgans Hotel Group Announces Asia de Cuba Mondrian South Beach

MIAMI-(Business Wire)-August 25, 2008 - Morgans Hotel Group Co. (NASDAQ:MHGC) (“MHG”) today announced that Jeffrey Chodorow’s famed Asia de Cuba will open its sixth restaurant in the magical, bayfront Mondrian South Beach at 1100 West Avenue, Miami Beach, following in the footsteps of its other high-profile locations at Morgans in New York; St Martins Lane in London; Clift in San Francisco and Mondrian’s, both in Los Angeles and Scottsdale.

One of the most successful, independent restaurant companies in the US, Chodorow’s China Grill Management opened the first Asia de Cuba in New York in 1997 at Morgans. Ten years later the restaurant continues to rank as one of Zagat NYC’s “most popular nightspots.”

Asia de Cuba at Mondrian South Beach blends a vibrant, social atmosphere conceived by Marcel Wanders with innovative menus, incorporating the best of Asian and Latin cuisines and producing intense flavors distinctly united. The restaurant delivers imaginatively prepared signature dishes such as Calamari Salad “Asia de Cuba,” with chayote, hearts of palm, banana, cashews, chicory and radicchio in a sesame orange dressing; Tunapica, a picadillo style tuna tartare with Spanish olives, black currants, almonds and coconut in a soy-lime vinaigrette; Palomillo of Marinated Lamb, Miso-Cured Alaskan Butterfish accompanied by a tempura-battered shisito pepper, and Lobster “Mai-Tai, with rhum, coconut, red curry and wok crispy boniato."

From Morgans Hotel Group, the groundbreaking innovator that introduced the world to such iconic brands as Delano in Miami Beach and Royalton in New York City, Mondrian South Beach represents the first time the company offers private residences and condo-hotel ownership. With enchanting environments by Elle Décor’s International Designer of the year 2006, Marcel Wanders, ownership opportunities are priced from $500,000 to $6 million. The property features 335 hotel residences of studios, one- and two-bedroom units, and four tower suites and is scheduled to open in December 2008. For more information, www.mondriansouthbeach.com.

China Grill Management owns and operates six successful concepts in South Florida including China Grill South Beach, Blue Door at Delano, Blue Sea at Delano, Kobe Club, Tuscan Steak and China Grill at Fort Lauderdale Grande. For more information, www.chinagrillmgt.com.

About Morgans Hotel Group

Morgans Hotel Group Co. (NASDAQ:MHGC) operates and owns, or has an ownership interest in, Morgans, Royalton and Hudson in New York, Delano and The Shore Club in Miami, Mondrian in Los Angeles and Scottsdale, Clift in San Francisco, and Sanderson and St Martins Lane in London. MHG and an equity partner also own the Hard Rock Hotel & Casino in Las Vegas and related assets. MHG has other property transactions in various stages of completion, including projects in Miami Beach, Florida; Chicago, Illinois; SoHo, New York; Las Vegas, Nevada; and Palm Springs, California. For more information please visit www.morganshotelgroup.com.

Forward-Looking and Cautionary Statements

Statements contained in this press release which are not historical facts are forward looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by the use of words such as "expects," "plans," "estimates," "projects," "intends," "believes," "guidance," and similar expressions that do not relate to historical matters. These forward-looking statements are subject to risks and uncertainties which can cause actual results to differ materially from those currently anticipated, due to a number of factors which include, but are not limited to, downturns in economic and market conditions, particularly levels of spending in the business, travel and leisure industries; hostilities, including future terrorist attacks, or fear of hostilities that affect travel; risks related to natural disasters, such as earthquakes and hurricanes; risks associated with the acquisition, development and integration of properties; the seasonal nature of the hospitality business; changes in the tastes of our customers; increases in real property tax rates; increases in interest rates and operating costs; the impact of any material litigation; the loss of key members of our senior management; general volatility of the capital markets and our ability to access the capital markets; and changes in the competitive environment in our industry and the markets where we invest, and other risk factors discussed in MHG’s Annual Report on Form 10-K for the fiscal year ended December 31, 2007, and other documents filed by MHG with the Securities and Exchange Commission from time to time. All forward-looking statements in this press release are made as of the date hereof, based upon information known to management as of the date hereof, and MHG assumes no obligations to update or revise any of its forward-looking statements even if experience or future changes show that indicated results or events will not be realized.

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