Morgans Hotel Group to Acquire Food & Beverage Co - The Light Group

Morgans Hotel Group Co., today announced that it has entered into a definitive agreement to purchase a 90% controlling interest in The Light Group (”TLG”), a leading lifestyle food and beverage company currently operating numerous venues for MGM Resorts International (”MGM”). This acquisition, while being immediately accretive to the Company’s earnings, also provides Morgans with a first class food and beverage platform, a creative and experienced management team, and renowned brand names.

Morgans Hotel Group
Morgans Hotel Group

Continue reading Morgans Hotel Group to Acquire Food & Beverage Co - The Light Group

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