Ron Burkle is not happy that Morgans Hotel Group delayed a shareholder vote to give a rival suitor more time to make a definitive offer, The Post has learned.

Morgans shares soared 19 percent Wednesday, to $2.10, after the company announced a mystery bidder had made a revised offer — and that the company would delay to Sept. 26 a special stockholders meeting to vote on a Burkle-backed offer.

Burkle appears close to buying the financially strapped boutique hotel chain, which includes The Hudson in Columbus Circle, for $2.25 a share, or $800 million, until the mystery suitor made a preliminary offer of $2.75.

Burkle’s Yucaipa Cos., in a letter sent Wednesday to the Morgans board, a copy of which was reviewed by The Post, said the mystery bidder’s “purported financing source indicated it would provide up to $500 million in capital to support that transaction, but very little information about this financing has been provided.”

“We also want to remind the Board that Yucaipa’s preferred stock has a punitive interest increase [from 10] to 20 percent as of October 16, 2016.”

Morgans cannot pay the higher interest rate, sources have told The Post.
Burkle declined comment.