Group On, Group Off: Morgans Hotel Group to Take Over the Light Group
November 17, 2011 at 5:59 PM
We knew that that Las Vegas nightclub and restaurant company, The Light Group wasn't having a good year (cough, Harmon, cough) but things have ended on a much better note with an acquisition by the boutique hotel operator, Morgans Hotel Group.
Morgans once managed the Hard Rock Las Vegas but that partnership went south after Hard Rock sued Morgans for sullying up their name with Rehab and other too sexy events. Oh and business was just not very good for Morgans.
Yet now Morgans is heading back to Vegas in a big way after announcing that they are purchasing a 90 percent controlling interest in the Light Group to the tune of $46 million. Andrew Sasson, the founder and chairman of TLG, will join the Morgan's board of directors while Andy Masi will remain as the Light Group's Chief Executive Officer.
But perhaps we should have seen this change-up coming. After all, our sister site HotelChatter reported last month that the Light Group would be taking over the food and beverage operations at The Delano in South Beach, a Morgans Hotel.
So what does this mean for your upcoming nightlife options in Las Vegas? Probably not much. The Light Group will still continue to run all their current operations (most or all within MGM properties.) However, should you venture outside of Las Vegas and stay at a Morgans Hotel, you might see another Yellowtail sushi restaurant or The Bank nightclub. But hopefully not another Diablo's Mexican Cantina.