morgans
SBE Acquires Morgans Hotel Group for $794 Million in an All-Cash Transaction
SBE | May 10, 2016
SBE broadens portfolio to include 20 world-class lifestyle hotel properties and more than 90 world-renowned entertainment and food & beverage offerings Cain Hoy Enterprises to contribute to recapitalization; Yucaipa Companies to take significant equity stake in SBE Jonathan Goldstein and Ron Burkle to join Sam Nazarian on SBE Board of Directors LOS ANGELES, May 10, 2016 -- SBE today announced a definitive agreement to acquire Morgans Hotel Group in an all-cash transaction, a move that will further strengthen SBE's position as a global leader in lifestyle hospitality management, entertainment, food & beverage, and developmen...
FelCor to Sell Morgans and Royalton Hotels
FelCor | January 29, 2016
IRVING, Texas--(January 29, 2016)--FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that it is in negotiations to sell its Morgans and Royalton hotels in New York. Proceeds from these opportunistic asset sales will be used to fund initiatives intended to create significant stockholder value. FelCor and Morgans Hotel Group, which operates the hotels, have agreed that FelCor may sell the hotels unencumbered by management. Morgans will continue to manage the properties for FelCor until they are sold. ...
