Morgans Hotel Group Co. was widely credited as the creator of the first "boutique"​ hotel, and was acquired by sbe in late 2016. sbe has quickly emerged as one of the most transcendent forces in hospitality, real estate and entertainment since it was founded in 2002. Helmed by its visionary Founder, Chairman and CEO Sam Nazarian, sbe has established a thriving collection of award-winning hospitality and lifestyle destinations that are developed and managed through its Hotels, Restaurants, Nightlife and Real Estate groups.