Morgans Hotel Group Said to Be Close to a Merger With SBE | bloomberg.com
Sam Nazarian’s SBE, which manages luxury properties such as the SLS Beverly Hills and nightclubs including Hyde, is close to an agreement to merge with boutique lodging company Morgans Hotel Group Co., said two people with knowledge of the discussions. The deal may be completed as early as this month, said one of the people, who asked not to be identified because negotiations are continuing. Nazarian, founder and chief executive officer of SBE, would lead the combined company and SBE would be its majority owner, the person said.
