With Tao Group Hospitality joining Mohari's portfolio of investments, both companies expect to create a global platform for the development and management of premium hospitality assets.
Mahori Hospitality is historically an investment firm focused on the luxury lifestyle and hospitality sectors while Tao Group’s specialization is F&B, nightlife and entertainment. This acquisition will thus offer more development opportunities to Mahori Hospitality as well as the knowledge about these markets.
This acquisition adds to Mohari's already extensive portfolio of assets, but beyond that, also provides the group with a platform and management team which will accelerate its growth plans and deepen its footprint in leading hospitality destinations.
Once the acquisition completed, Mohari's existing portfolio of luxury and lifestyle properties and operating companies will feature the Peninsula Papagayo in Costa Rica, anchored by a Four Seasons luxury resort; Centro Canalejas Madrid, featuring the Four Seasons Madrid; and The Ritz-Carlton Yacht Collection.
Mohari's luxury hospitality portfolio aligns with Tao Group's expansive global collection of brands, including TAO, the Michelin Star-awarded Hakkasan, OMNIA, Marquee, LAVO, Beauty & Essex and more. Mohari will bring deep real estate development and hospitality management experience to Tao Group, especially for projects like the recently announced Tao Hotel in Orlando.
Adding Tao Group to our portfolio is a major strategic milestone for Mohari and we're excited about the prospects for the combined business and the transformational potential of our partnership. Noah and Jason have built a world class and industry leading organization and I'm personally thrilled to have their leadership and entrepreneurial spirit joining the Mohari family. The combination of our assets, brands and teams creates a unique global platform to further realize our vision and expand on our ambition in the hospitality space.
Mark Scheinberg, Founder and Principal, Mohari Hospitality
