hakkasan group
Hakkasan Group and MGM Resorts International Transition Las Vegas Venues to MGM Management
Hakkasan Group | May 8, 2019
LAS VEGAS, May 7, 2019 -- Hakkasan Group and MGM Resorts International, two leading hospitality companies, announced today that the management agreements between them for Stack at The Mirage; Fix, Yellowtail, and Lily Lounge at Bellagio, as well as Alibi Ultra Lounge and Herringbone at ARIA, will end effective May 31, 2019. These venues will continue to operate under MGM Resorts' control. Hakkasan Group will continue to manage JEWEL Nightclub and Liquid Pool Lounge at ARIA, 1OAK Nightclub at The Mirage, Wet Republic Ultra Pool, Level Up at MGM Grand as well as the Hakkasan Group-owned venue Hakkasan Nightclub and Restaurant. The str...
sbe in Advanced Discussions with Hakkasan Group for Potential Merger
sbe | March 22, 2017
NEW YORK, March 22, 2017 -- sbe, the leading lifestyle hospitality company that develops, manages and operates award-winning hospitality venues globally, today announced that it is in advanced discussions to merge Hakkasan Group into the sbe family. sbe Founder and CEO, Sam Nazarian stated, "sbe is in advanced discussions with Hakkasan Group regarding a potential merger. As currently contemplated, sbe would welcome Hakkasan's global portfolio of prestigious restaurants and best in class nightlife assets into sbe's international platform of lifestyle hospitality and entertainment assets to create the most dynamic hospitality...
Morgans Hotel Group to Sell The Light Group to Hakkasan Group for $36 Million
Morgans Hotel Group | December 19, 2014
NEW YORK, Dec. 19, 2014 -- Morgans Hotel Group Co. (NASDAQ: MHGC) (the "Company") today announced that it has entered into a definitive agreement to sell its 90% controlling interest in The Light Group ("TLG"), a leading lifestyle food & beverage company, to Hakkasan Group, a worldwide dining, entertainment, and hospitality company, for a total enterprise value of $36 million. The purchase price includes the remaining 10% equity interest in TLG held by Andrew Sasson, TLG's founder, and Andy Masi, TLG's Chief Executive Officer. The transaction was approved by the Company's Board of Directors as a part of its ongoing review of strateg...
