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Yucaipa Companies

09
May

SBE Acquires Morgans Hotel Group

LOS ANGELES–SBE has reached an agreement to acquire Morgans Hotel Group in an all-cash transaction, a move that SBE said will further strengthen its position as a global leader in lifestyle hospitality management, entertainment, F&B and development. SBE Founder, Chairman and CEO Sam Nazarian will retain majority ownership interest in SBE as well as all…
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