SBE, Morgans Hotel Group Reportedly in Merger Talks

Sam Nazarian - SBE Entertainment Group

Los Angeles hotelier Sam Nazarian (pictured) is close to a deal that would merge his company, SBE Entertainment Group -- owner of SLS Las Vegas Hotel & Casino -- with boutique hotel pioneer Morgans Hotel Group, The Wall Street Journal reported last week. Nazarian, the paper said, is expected to serve as CEO of the new, combined company, which would have 19 hotels under the SLS, Delano, and Mondrian brands. If it comes to fruition, the merger could be announced as early as this month.

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