Morgans Hotel Group Receives Unsolicited Takeover Bid
Photo Credit: 10 Karakoy, a Morgans Original in Istanbul. Morgans' deal with SBE may be in jeopardy now that a last-minute, unsolicited bid has come forward with financial backing. Morgans Hotel Group
Skift Take
Is any hotel merger or acquisition ever simple, or swift? In this case, most definitely not. Given the board members’ often contentious history with each other and the company’s direction, it’s anyone’s guess as to whether this new offer from “Bidder V” will prove to be superior than the offer from Sam Nazarian’s SBE.
