Morgans Hotel Group is bringing F&B capabilities in-house with the acquisition of the Light Group (TLG), which currently operates numerous venues for MGM Resorts International such as the Bank Nightclub, Haze at ARIA, and Yellowtail Japanese Restaurant & Lounge at Bellagio Hotel. The firm has already begun to execute a revitalization of the F&B and nightlife operations at Delano South Beach. As part of the transaction, Andrew Sasson, founder and chairman of TLG, will join the company’s board of directors. Andy Masi will remain as TLG’s CEO. The transaction is expected to close in Q4.
Morgans Hotel Group Acquires the Light Group
The move brings the hotel operator's F&B capabilities in-house.
Morgans Hotel Group Acquires the Light Group
The move brings the hotel operator's F&B capabilities in-house.
