Morgans Hotel Group shareholders OK purchase by SBE

Shareholders voted to approve SBE Entertainment Group’s acquisition of Morgans Hotel Group on Wednesday, in a deal valued at about $800 million. Sam Nazarian’s SBE, a Los Angeles-based hospitality group will acquire Morgans’ 20-hotel portfolio, which includes the Hudson Hotel on Columbus Circle, and is set to close on the deal later this year, the […]

Morgans shareholder files lawsuit over proposed SBE merger

From left: Howard Lorber and Sam Nazarian The legal battle over SBE Entertainment Group’s acquisition of Morgans Hotel Group has kicked off – sort of. On Friday, Morgans shareholder Jacquie Sinclair filed a lawsuit seeking class-action status against Morgans and its board of directors, as well as SBE, in relation to SBE’s proposed buyout of […]