Luxurious life-style funding agency Mohari Hospitality introduced April 17 that it’ll purchase Tao Group Hospitality from Madison Sq. Backyard Leisure Corp. The transaction, which values Tao Group Hospitality at $550 million, is predicted to shut in Might.
Based in 2017, Mohari will deliver actual property growth and hospitality administration expertise to Tao Group, particularly for initiatives such because the lately introduced Tao Resort in Orlando, FL. Mohari’s present portfolio of luxurious and life-style properties and working firms embrace the Peninsula Papagayo in Costa Rica, anchored by a 4 Seasons luxurious resort; Centro Canalejas Madrid, that includes the 4 Seasons Madrid; and The Ritz-Carlton Yacht Assortment.
Tao Group Hospitality, which acquired Hakkasan Group in April 2021, operates greater than 80 areas in over 20 markets throughout 4 continents and incorporates a assortment of widely known hospitality manufacturers. These embrace TAO, Hakkasan, OMNIA, Marquee, LAVO, Magnificence & Essex, Moist Republic, Yauatcha, Ling Ling, Cathédrale, Little Sister, The Spotlight Room, Sake No Hana, Jewel and extra.
