Scheetz buys and sells shares of Morgans Hotel Group

By Lisa Kerner

Charlotte, N.C., June 23 - Morgans Hotel Group Co. investors NorthStar Capital Investment Corp. and company director W. Edward Scheetz reported the purchase of 304,107 shares and the sale of 90,060 shares of the company's stock between April 22 and June 20.

The shares were priced between $11.82 and $14.92 each, it was reported in a schedule 13D filing with the Securities and Exchange Commission.

Scheetz beneficially owns 923,175 shares, or 8.16%, of the New York-based hospitality company.

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