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Morgans Hotel Group to Acquire Leading Lifestyle Food and Beverage Company - The Light Group

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Published on 22/11/11 - Updated on 17/03/22

Positions Company to Increase F&B Revenues, Drive ADR Growth and Win New Management Agreements

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

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