MORGANS HOTEL GROUP ANNOUNCES AGREEMENT TO SELL THE LIGHT GROUP TO HAKKASAN GROUP FOR $36 MILLION
MORGANS HOTEL GROUP ANNOUNCES AGREEMENT TO SELL THE LIGHT GROUP TO HAKKASAN GROUP FOR $36 MILLION Morgans Hotel Group Co. (NASDAQ: MHGC) (the “Company”) today announced that it has entered into a definitive agreement to sell its 90% controlling interest in The Light Group (“TLG”), a leading lifestyle food & beverage company, to Hakkasan Group, … Read more