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Code: 10
 

SBE Completes Acquisition of Morgans Hotel Group

SBE Completes Acquisition of Morgans Hotel Group

sbe Founder and CEO, Sam Nazarian announced with partners Ron Burkle and Cain Hoy Enterprises the definitive closing of sbe’s acquisition of Morgans Hotel Group, a move that further expands its international footprint and solidifies its unique position as the preeminent global leader of lifestyle hospitality management, entertainment, food & beverage and development. The transaction more than doubles the number of hotels in sbe’s portfolio that includes more than 100 properties currently operating or in development.

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