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.