Mohari Hospitality, founded in 2017 by entrepreneurial investor Mark Scheinberg, is a global investment company that engages in a broad range of real estate investment activities, with emphasis on luxury hospitality in prime urban and resort markets. LLC served as financial advisor, Hughes Hubbard & Reed LLP served as legal advisor and Ernst & Young LLP served as accounting advisor.įor more information on Mohari Hospitality visit, and for more information on Tao Group Hospitality visit. For Tao Group Hospitality, Goldman Sachs & Co. Monarch Alternative Capital LP served as the lead lender for the debt financing associated with the transaction.įor Mohari Hospitality, Moelis & Company LLC served as financial advisor and placement agent, Kirkland & Ellis LLP served as legal advisors and Deloitte served as accounting and tax advisors. "Mohari's experienced leadership team and impressive portfolio make it ideal partner for the next phase of Tao Group's growth."Īs previously disclosed, Tao Group will enter into a multi-year agreement with Sphere Entertainment for consulting, marketing, and support services. "Tao Group is thrilled to build this partnership with Mohari and bring our shared vision of premium lifestyle and hospitality experiences for guests around the world to life on an even larger scale," said Noah Tepperberg, Co-CEO Tao Group. "Mark and I, alongside the entire Mohari team, look forward to working together with Tao Group and the management team to continue growing their business globally as we elevate both of the brands." They are a global innovator and leader in nightlife, but also in hospitality and entertainment experiences," said J. "When you think of premium lifestyle and hospitality experiences, you think of Tao Group. All of which aligns with Tao Group's global collection of 80 branded locations in over 20 markets, including TAO, the Michelin Star-awarded Hakkasan, OMNIA, Marquee, LAVO, Beauty & Essex and more. Tao Group joins Mohari's extensive portfolio of luxury and lifestyle properties and operating companies, including 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 deep estate development and hospitality management experience joined with Tao Group's global platform and management team will accelerate Mohari's growth plans and amplify its presence in leading hospitality destinations. The combination of our assets, brands and teams has created a unique global platform to further realize our vision and expand on our ambition in the hospitality space." "Noah and Jason built a world class and industry leading organization and I'm personally thrilled to have their leadership and entrepreneurial spirit now part of the Mohari family. “Our newest offering stays true to that reputation by bringing together five unique restaurants and nightlife venues under one roof."Welcoming 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," said Mark Scheinberg, Founder and Principal, Mohari. “Downtown New York City has always been known as a crossroads of entertainment and as an incubator for creatives,” Tao Group Hospitality co-CEO Noah Tepperberg says in a statement to Page Six. The project marks Tao Group Hospitality’s fourth venture with Lightstone Group. Our source tells us that Loosie’s will have a “vibe” that is “reminiscent of the clubs in the ’90s and early 2000s.” Tao Hospitality Group co-CEO Noah Tepperberg calls the Lower East Side “an incubator for creatives.” Chance Yeh Tao Group Hospitality will launch modern Japanese restaurant Sake No Hana, rooftop lounge The Highlight Room, piano lounge Silver Lining, lobby cafe and bar The Fix and nightclub Loosie’s. We hear the new spaces will be situated inside the forthcoming Moxy hotel on the Lower East Side and are set to open their doors in late October. The nightlife giant behind celebrity hotspots like Little Sister Lounge and Tao Downtown is opening five new food and beverage venues next month, an insider tells Page Six exclusively. Tao Group Hospitality is coming to the Lower East Side. Maluma dines with a Doberman in his party at Tao Downtown Michael Strahan celebrated at Tao Downtown night before jersey retired Julia Fox look-alike fools clubgoers at Tao Nelly, Ashanti continue to fuel romance rumors at starry private party
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