M&A Deal Summary

SBE Entertainment Group Acquires Morgans Hotel Group

On May 9, 2016, SBE Entertainment Group acquired leisure company Morgans Hotel Group for 794M USD

Acquisition Highlights
  • This is SBE Entertainment Group’s 1st transaction in the Leisure sector.
  • This is SBE Entertainment Group’s largest (disclosed) transaction.
  • This is SBE Entertainment Group’s 1st transaction in the United States.
  • This is SBE Entertainment Group’s 1st transaction in New York.

M&A Deal Summary

Date 2016-05-09
Target Morgans Hotel Group
Sector Leisure
Buyer(s) SBE Entertainment Group
Deal Type Add-on Acquisition
Deal Value 794M USD
Advisor(s) Morgan Stanley (Financial)
Fried Frank Harris Shriver & Jacobson (Legal)

Target

Morgans Hotel Group

New York, New York, United States
Morgans Hotel Group Co. is widely credited as the creator of the first “boutique” hotel and a continuing leader of the hotel industry’s boutique sector. Morgans Hotel Group operates Delano in South Beach, Mondrian in Los Angeles, South Beach and London, Hudson in New York, Morgans and Royalton in New York, Clift in San Francisco, Shore Club in South Beach and Sanderson and St Martins Lane in London. Morgans Hotel Group has ownership interests or owns several of these hotels. Morgans Hotel Group also licenses its brand through Delano in Las Vegas and 10 Karaköy in Istanbul, Turkey. Morgans Hotel Group has other hotels in various stages of development to be operated under management or franchise agreements, including a Mondrian property in Doha, Qatar and a Delano in Dubai.

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Buyer(S) 1

Buyer

SBE Entertainment Group

Los Angeles, California, United States

Category Company
Founded 2002
Sector Leisure
DESCRIPTION

SBE Entertainment Group LLC is a developer, manager and operater of hotels, restaurants and nightlife. SBE Entertainment Group was founded in 2002 and is based in Los Angeles, California.


DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-05 SLS Beverly Hills

Los Angeles, California, United States

SLS Beverly Hills is a provider of restaurant services in UC.

Sell -