Keyword: Morgans Hotel Group
As his SBE Entertainment Group grows globally through partnerships and acquisitions, Sam Nazarian reflects on what lifestyle hotels can be.
The acquisitive French hotel company is making further inroads into North America with investment in owner of Morgans Hotel Group.
This appointment is sbe's seventh senior leadership hire in less than a year, and its fourth in 2017 alone.
The transaction, which has a value of $805 million, more than doubles the number of hotels in SBE’s portfolio.
With investors increasingly viewing hotels as a solid asset class, strong corporate governance has never been more important.
More hotels look to destination bars to drive business as a new night-time sensibility comes to the sector.
Led by GM Karin Kopano and director of sales and marketing Deirdre Yack, the hotel is on track to open this winter.
Robert Festinger began his hospitality career in New York City in 1997 working at the Terrace on the Park followed by terms at Starwood Hotels & Resorts Worldwide.
The company has over 700 guestrooms under management with 10 additional nightlife, hotel and restaurant concepts in the pipeline.
The hotel group founded by Ian Schrager was valued at roughly $82 million at the time of the sale.