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Hamamoto owns 9.3% of Morgans Hotel Group
By Lisa Kerner
Charlotte, N.C., Nov. 13 - Morgans Hotel Group Co. investor David T. Hamamoto bought 414,000 shares of the company's stock between Nov. 7 and Nov. 12 at prices from $3.21 to $4.46 each, it was reported in a schedule 13D/A filed with the Securities and Exchange Commission.
Hamamoto beneficially owns 2,747,778 shares, or 9.3%, of the New York-based hospitality company.
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