Morgans Hotel Group
Morgans Hotel NYC Fetches $41M
The acquisition is scheduled for completion in July, when the new owners—a joint venture of The Kash Group and Shel Capital—will execute a residential conversion of the the 90-year-old Midtown Manhattan property.
sbe in Talks to Merge with Hakkasan Group
The deal would allow both companies to further expand their global hospitality business.
SBE Closes Purchase of Morgans Hotel Group
The transaction, valued at $805 million, more than doubles the number of hotels in the company’s portfolio.