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SBE to Acquire Morgans for $794 Million

What a difference a few months make. Last November, merger discussions between Morgans Hotel Group and SBE Entertainment Group collapsed. But just yesterday it was announced that Morgans Hotel Group agreed to be purchased by Sam Nazarian’s SBE for $2.25 a ...

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SBE Entertainment, Morgans Hotel Group Negotiations Collapse

Following months of negotiations, merger discussions between Morgans Hotel Group and SBE Entertainment Group have collapsed, reports The Wall Street Journal. The two parties involved were Ronald Burkle, a preferred equity holder in Morgans, who was in support of the ...

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SBE in Talks to Merge with Morgans Hotel Group

SBE in Talks to Merge with Morgans Hotel Group

SBE, the hospitality, lifestyle, and real estate development company led by Sam Nazarian, is nearing an agreement to merge with Morgans Hotel Group, The Wall Street Journal reports. According to people familiar with the matter, Nazarian is expected to assume ...

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SBE Forms Real Estate Development Business

SBE Forms Real Estate Development Business

LOS ANGELES—SBE, the Los Angeles-based hospitality company that develops, manages, and operates hotels, restaurants, and nightclubs, announced the formation of an international real estate development subsidiary, Dakota Development. The Dakota team, which has developed more than 80 projects for SBE, ...

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sbe Entertainment to Expand in Mexico

sbe Entertainment to Expand in Mexico

LOS ANGELES—sbe Entertainment Group announced a major expansion into Mexico, agreeing to manage five resort hotels that will include residential units, sbe club membership units, and sbe restaurants and nightclubs. These projects will be built by Armar Group, a privately ...

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SBE Recapitalizes at a $350 Million Valuation

SBE Recapitalizes at a $350 Million Valuation

SBE and Cain Hoy Enterprises announced a strategic investment partnership following a recapitalization of SBE, which set an enterprise valuation of $350 million for the hospitality, entertainment, and real estate development company. In addition to the investment, SBE and Cain ...

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