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<TITLE>Filed by Bowne Pure Compliance</TITLE>
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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of
earliest event reported): September 23, 2008</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>Morgans Hotel Group Co.<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>Delaware</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>001-33738</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>16-1736884</B></TD>
</TR>
<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
</TR>
</TABLE>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>475 Tenth Avenue<BR>New York, NY<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>10018</B></TD>
</TR>
<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(212) 277-4100</B>


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    <TD nowrap style="border-bottom: 1px solid #000000"><B>Not applicable<BR></B></TD>
</TR>
<TR>
    <TD nowrap>(Former name or former address if changed since last report.)</TD>
</TR>
</TABLE>

<P align="left" style="font-size: 10pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P align="center" style="font-size: 10pt; display: none">1
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<P align="justify" style="font-size: 10pt; margin-left: 0%; font-size: 10pt"><B>Item&nbsp;1.01. Entry Into a Material Definitive Agreement.</B>

<P align="justify" style="font-size: 10pt; text-indent: 4%">On September&nbsp;23, 2008, Morgans LV/Investment LLC,
a Delaware limited liability company (&#147;Morgans&#148;) and an affiliate of the Morgans Hotel Group Co.,
and Echelon Resorts Corporation, a Nevada corporation and a subsidiary of Boyd Gaming Corporation (&#147;Boyd&#148;),
entered into the Third Amendment (the &#147;Third Amendment&#148;) to Morgans Las Vegas, LLC Limited Liability
Company Agreement, a joint venture agreement governing the development of the Delano Las Vegas and the Mondrian
Las Vegas at Echelon Place (the &#147;Joint Venture&#148;). The Third Amendment, among other things, provides for the following:

<P>
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 <TR style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000" valign="top">
<TD style="background: none transparent scroll repeat 0% 0%" width="4%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>the immediate return to Morgans of the $30 million deposit
provided for the project, plus interest,</TD>
 </TR>
</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">
 <TR style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000" valign="top">
<TD style="background: none transparent scroll repeat 0% 0%" width="4%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>the elimination of Morgans&#146; future funding obligations of
approximately $41 million,</TD>
 </TR>
</TABLE>

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 <TR style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000" valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%" width="4%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>the elimination of any obligation by Morgans to provide a construction loan guaranty, and</TD>
 </TR>
</TABLE>


<P>
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 <TR style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000" valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%" width="4%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>sole control by Morgans over the use of the Delano and Mondrian brands in connection with the project.</TD>
 </TR>

</TABLE>


<P align="justify" style="font-size: 10pt; text-indent: 4%">The amended agreement also limits the amounts
that Morgans and Boyd are required to continue to fund for pre-development and related costs to approximately
$420,000 each. The deadline to obtain construction financing has been extended to December&nbsp;31, 2009. Each
party has the right to terminate the joint venture for any reason prior to December&nbsp;31, 2009. Additionally,
the terms of the management agreement, which provide for a Morgans affiliate to operate the joint venture hotels upon their
completion, remain unchanged.



<P align="justify" style="font-size: 10pt; text-indent: 4%">A copy of the Third Amendment is attached hereto as Exhibit&nbsp;10.1
and is incorporated herein by reference. The foregoing description of the Third Amendment does not purport to be complete
and is qualified in its entirety by reference to the full text of the Third Amendment. A copy of the press release
announcing Morgans&#146; entry into the Third Amendment is furnished as Exhibit&nbsp;99.1 hereto.

<P align="justify" style="font-size: 10pt; margin-left: 0%; font-size: 10pt"><B>Item&nbsp;9.01. Financial Statements and Exhibits.</B>


<P align="justify" style="font-size: 10pt; margin-left: 0%; font-size: 10pt">(d)&nbsp;Exhibits.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit&nbsp;Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Third Amendment to Morgans Las
Vegas, LLC Limited Liability Company Agreement, dated
September&nbsp;23,
2008, by and between Morgans/LV Investment LLC and Echelon Resorts
Corporation</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press release issued by Morgans
Hotel Group Co. dated September 25, 2008</TD>
</TR>

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</DIV>


<P align="center" style="font-size: 10pt">&nbsp;





<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">2
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<P align="center" style="font-size: 10pt"><B>SIGNATURES </B>&nbsp;



<P align="justify" style="font-size: 10pt; margin-left: 2%; font-size: 10pt; text-indent: 2%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned hereunto duly authorized. &nbsp;


<P align="justify" style="font-size: 10pt; margin-left: 46%; font-size: 10pt">MORGANS HOTEL GROUP CO.


<P align="justify" style="font-size: 10pt">Date: September&nbsp;25, 2008


<P align="justify" style="font-size: 10pt; margin-left: 46%; font-size: 10pt; margin-top: -11pt">By: <U><B>/</B>s/ Richard Szymanski&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>


<DIV align="justify" style="font-size: 10pt; margin-left: 46%">Richard Szymanski
<BR>
Chief Financial Officer
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">3
</DIV>

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<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit&nbsp;Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Third Amendment to Morgans Las
Vegas, LLC Limited Liability Company Agreement, dated
September&nbsp;23,
2008, by and between Morgans/LV Investment LLC and Echelon Resorts
Corporation</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press release issued by Morgans
Hotel Group Co. dated September 25, 2008
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;



<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">4




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Filed by Bowne Pure Compliance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of
earliest event reported): September 23, 2008
Morgans Hotel Group Co.
(Exact name of registrant as specified in its charter)
Delaware
001-33738
16-1736884
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
475 Tenth Avenue
New York, NY
10018
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(212) 277-4100
Not applicable
(Former name or former address if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry Into a Material Definitive Agreement.
On September 23, 2008, Morgans LV/Investment LLC,
a Delaware limited liability company ("Morgans") and an affiliate of the Morgans Hotel Group Co.,
and Echelon Resorts Corporation, a Nevada corporation and a subsidiary of Boyd Gaming Corporation ("Boyd"),
entered into the Third Amendment (the "Third Amendment") to Morgans Las Vegas, LLC Limited Liability
Company Agreement, a joint venture agreement governing the development of the Delano Las Vegas and the Mondrian
Las Vegas at Echelon Place (the "Joint Venture"). The Third Amendment, among other things, provides for the following:
•
the immediate return to Morgans of the $30 million deposit
provided for the project, plus interest,
•
the elimination of Morgans' future funding obligations of
approximately $41 million,
•
the elimination of any obligation by Morgans to provide a construction loan guaranty, and
•
sole control by Morgans over the use of the Delano and Mondrian brands in connection with the project.
The amended agreement also limits the amounts
that Morgans and Boyd are required to continue to fund for pre-development and related costs to approximately
$420,000 each. The deadline to obtain construction financing has been extended to December 31, 2009. Each
party has the right to terminate the joint venture for any reason prior to December 31, 2009. Additionally,
the terms of the management agreement, which provide for a Morgans affiliate to operate the joint venture hotels upon their
completion, remain unchanged.
A copy of the Third Amendment is attached hereto as Exhibit 10.1
and is incorporated herein by reference. The foregoing description of the Third Amendment does not purport to be complete
and is qualified in its entirety by reference to the full text of the Third Amendment. A copy of the press release
announcing Morgans' entry into the Third Amendment is furnished as Exhibit 99.1 hereto.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number
Description
10.1
Third Amendment to Morgans Las
Vegas, LLC Limited Liability Company Agreement, dated
September 23,
2008, by and between Morgans/LV Investment LLC and Echelon Resorts
Corporation
99.1
Press release issued by Morgans
Hotel Group Co. dated September 25, 2008
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned hereunto duly authorized.
MORGANS HOTEL GROUP CO.
Date: September 25, 2008
By:
/
s/ Richard Szymanski
Richard Szymanski
Chief Financial Officer
EXHIBIT INDEX
Exhibit Number
Description
10.1
Third Amendment to Morgans Las
Vegas, LLC Limited Liability Company Agreement, dated
September 23,
2008, by and between Morgans/LV Investment LLC and Echelon Resorts
Corporation
99.1
Press release issued by Morgans
Hotel Group Co. dated September 25, 2008