Morgans Hotel Group Can’t Stay Away from Vegas

Morgans Hotel Group pulled out of its minority stake in the Las Vegas Hard Rock Hotel & Casino back in March, but the company can’t seem to stay away from the gambling capital.

This time around, though, the company that owns 13 hotels, such as New York’s Hudson Hotel and the Delano in Miami's South Beach, is going into Vegas by buying a 90% stake in Vegas nightclub operator the Light Group for around $47 million, according to the Las Vegas Review-Journal.

Nightlife is a key component in Morgans' brand reputation.Continue reading...