MOHARI HOSPITALITY FINALIZES ACQUISITION OF TAO GROUP HOSPITALITY

SCOOP heard that Mohari Hospitality, an investment firm focused on the luxury lifestyle and hospitality sectors, announced the completion of its acquisition of the $550 million valued Tao Group Hospitality, a global leader and innovator in restaurants, nightlife, and entertainment from Sphere Entertainment Co. and other limited partners.

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. 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. Monarch Alternative Capital LP served as the lead lender for the debt financing associated with the transaction. For 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. For Tao Group Hospitality, Goldman Sachs & Co. LLC served as financial advisor, Hughes Hubbard & Reed LLP served as legal advisor and Ernst & Young LLP served as accounting advisor.