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...