SBE Buys Morgans Hotel Group, Delano in $794M Deal

Miami Herald, May 9, 2016–Herrera, Chabeli

In a $794 million deal, SBE acquired Morgans’ 13 properties across the U.S., including the 194-room Delano, which SBE will take direct ownership of, the Mondrian South Beach and the Shore Club Miami Beach hotel for a short time.