Articles tagged “sbe”

This AccorHotels investment in SBE aligns with its strategy for growth in North America as it adds more properties in key cities such as New York, Los Angeles, Las Vegas, and Miami. It does, though, contradict, in some respects, the chain's push to go asset-light.

... Which is great and all, but can it really succeed?

Just in time for the holiday season. Let's hope this turns out to be a miracle for all parties involved.

Will someone just buy this hotel company that so desperately needs to be bought before year's end?

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.

As Morgans Hotel Group's own SEC filings have shown, it desperately needs to be bought by someone. New revelations suggest that the company’s deal with SBE might be in question.

The lesson leaned from the latest SEC filings from Morgans? When your company's stock price dwindles and its future looks bleak, you need to put aside personal differences and seriously consider a potential buyer.