Morgans Hotels Receives Revised Takeover Bid

Morgans Hotels Group has delayed its consideration of sbe’s $82 million acquisition bid to assess an unsolicited takeover proposal from a company identified as Bidder V in SEC filings. The bid cited a potentially new financing source that would provide up to $500...

Norsk Dor Arrives in Sydney

Chef Damien Domenico has launched his latest eatery, Norsk Dor, in Sydney. Envisioned to resemble a traditional Nordic cabin, the restaurant’s Australian roots are represented with Australian hardwood and brushwood timber from the Central Coast of New South Wales....

Red Lion Acquires Vantage Hospitality

Red Lion Hotels Corporation (RHLC) has acquired Vantage Hospitality Group for $23 million in cash and 690,000 common stock shares. In addition to transforming Red Lion into a national brand on a meaningful scale, the agreement expands the company’s portfolio to more...