Rambleside Offers $507 Million to Morgans Hotel Group

    Rambleside Holdings, a real estate investment firm, has offered to buy two hotels owned by Morgans Hotel Group for $507 million. Morgans is currently in talks to merge with SBE Entertainment Group, according to The Wall Street Journal.

    Rambleside, which owns four percent of Morgans’ stock, wishes to acquire the Hudson Hotel in New York and Delano Hotel in Miami Beach, Fla.

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