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Rumor: Hakkasan To Sell Bank, 1OAK, Light And More

Posted by Chuckmonster on 29 Jul 2015
Rumors are swirling that Hakkasan is looking to divest itself from portions of their acquisition of The Light Group from Morgans Hotel Group. The original deal, which was announced in December 2014, outlined that...

Tagged: nightlife   hakkasan   light group   morgans hotel      


Delano Las Vegas Construction Begins In November, Targeting April 2014 Opening

Posted by Chuckmonster on 6 Aug 2013
This morning, MGM Resorts International held its quarterly earnings call. It was filled with back patting and many congratulations by institutional investors... MGM didn't lose as much money this quarter as they had previously. MGM's...

Tagged: delano las vegas   morgans hotel group   light group   murren   mandalay bay   


Update: Delayed Delano Las Vegas Walks Back Dates

Posted by Chuckmonster on 21 May 2013
Here's a quick update to last week's story about Delano Las Vegas being delayed. Delano Las Vegas, the rebranded THEhotel, was originally scheduled to open in Fall 2013. As we reported last week it had...

Tagged: delano las vegas   morgans hotel group   mgm resorts   manadalay bay   the hotel   


Sayonara THEhotel!!!

Posted by Chuckmonster on 6 Aug 2012
Here's a surprise, that isn't a surprise: MGM Resorts International has signed an agreement with Morgans Hotel Group to turn Mandalay Bay's THEhotel into a Delano Las Vegas property next year. This is yet another move...

Tagged: mandalay bay   delano las vegas   morgans hotel group   thehotel   


Morgans Hotel Group Buys Majority Stake In Light Group

Posted by Chuckmonster on 17 Nov 2011
Today, Morgans Hotel Group announced in a statement that it had reached an agreement to purchase 90% stake in nightlife pioneer The Light Group for $46.5m. The deal calls for a $28.5M cash on...

Tagged: morgans hotel   mgm resorts international   light group   


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