morgans hotel group
sbe Announces Jorge Giannattasio as Chief Operating Officer
sbe | January 18, 2017
Former Starwood Chief of Latin American Joins Leading Global Lifestyle Hospitality Company to Spearhead Daily Operations LOS ANGELES, Jan. 18, 2017 -- sbe, the Los Angeles-based leading lifestyle hospitality company that develops, manages and operates award-winning hospitality venues globally, today announced that Jorge Giannattasio has joined as Chief Operating Officer. In his role, he will work closely with sbe Founder and CEO Sam Nazarian to oversee the daily operations across the sbe platform. "We are thrilled to welcome Jorge to sbe," stated Nazarian. "In December, we announced the acquisition of Morgans Hotel Group ...
sbe Completes Acquisition Of Morgans Hotel Group
sbe | December 2, 2016
Transaction expands sbe's portfolio to 22 hotels, and 129 venues The Yucaipa Companies consents to transaction and together with Cain Hoy Enterprises will hold substantial Preferred and Common Equity stake in sbe Security Benefit to provide debt financing for recapitalization; Ron Burkle and Jonathan Goldstein to join Sam Nazarian on sbe Board of Directors NEW YORK, Dec. 2, 2016-- sbe Founder and Chief Executive Officer Sam Nazarian today 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 solid...
Morgans Hotel Group Shareholders Vote to Approve Acquisition by sbe
sbe | October 3, 2016
LOS ANGELES, Oct. 3, 2016 -- sbe, the Los Angeles-based leading lifestyle hospitality company that develops, manages and operates award-winning hospitality venues, today announced that earlier this week, shareholder approval was secured for the acquisition of Morgans Hotel Group. Assuming the acquisition is completed, sbe will have a portfolio of 20 world-class lifestyle hotel properties in nine attractive gateway markets, more than 90 world-renowned entertainment and food & beverage outlets, as well as an extensive pipeline of hotels scheduled to open by 2019. The proposed merger with sbe received the approval of approximately 71% ...
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. ...
Rambleside Willing to Pay $507 million in Cash to Acquire Hudson Hotel & Delano Hotel from Morgans
September 14, 2015
NEW YORK, Sept. 14, 2015-- Today, Rambleside Holdings, an investment firm specializing in real estate assets and securities, released a letter sent to the Board of Directors of Morgans Hotel Group Co., expressing serious concern with the "strategic process" and its own plan to maximize value for all shareholders. The full text of the letter can be found below: September 14, 2015 Members of the Board of Directors Morgans Hotel Group Co. 237 Madison Avenue New York, NY 10016 Attn: Mr. Howard M. Lorber, Chairman of the Board Dear Members of the Board: Rambleside Holdings, and its affiliated entities ("Rambleside"), are currently among the ...
Morgans Hotel Group Makes Leadership Changes – Board Member Howard M. Lorber Appointed Chairman
Morgans Hotel Group | May 20, 2015
Jason T. Kalisman Resigns as Interim CEO, Remains a Director NEW YORK, May 20, 2015 -- Morgans Hotel Group Co. (NASDAQ: MHGC) (the "Company"), today announced that Jason T. Kalisman has resigned as Interim Chief Executive Officer of the Company to spend more time on personal matters, effective immediately, and he will remain a member of the Board. Howard M. Lorber, veteran real estate investor and member of Morgans Board, has been named Chairman. The Board intends to continue its CEO search and in the interim, Richard Szymanski, Chief Financial Officer, will temporarily assume the duties of the principal executive officer for securitie...
The Middle East’s First Delano Hotel to Debut in Dubai
Morgans Hotel Group | April 13, 2015
Morgans Hotel Group and IFA Hotels & Resorts to Launch a Delano Resort in 2017 DUBAI, United Arab Emirates, April 13, 2015 -- Morgans Hotel Group Co. (NASDAQ: MHGC), a global leader and innovator in 'Creative Class' boutique hotels, today announced its partnership with IFA Hotels & Resorts (IFA HR) to bring the Delano brand to the Middle East with Delano Dubai. Scheduled to open in 2017 as the third hotel in the Delano portfolio, Delano Dubai's 110-key deluxe hotel apartment property will be situated on Palm Jumeirah and will form part of a contemporary mixed-used resort development known as The8. "Dubai is an ideal destination ...
