
Morgans Hotel Group Sells the Sanderson and St. Martins Lane hotels.
Morgans Hotels Group announced yesterday that it has sold the Sanderson and St. Martins Lane hotels in London to Capital Hill Hotels and others for $299 million.The sale is expected to close in the Q4 and has to complete customary closing conditions first.Morgans will continue operations under long-term management contracts that have been extended to 2041 from 2027.The sale is expected to close in the Q4 and has to complete customary closing conditions first.
