Mohari: Acquires Iconic Bauer Hotel in Venice
Deal News | Nov 20, 2024 | PR Newswire Cision Mohari Hospitality
Mohari Hospitality has announced its acquisition of the iconic Bauer Hotel in Venice, Italy, in partnership with Omnam Investment Group. Situated in the heart of the city, the Bauer Hotel is renowned for its architectural significance and location on the Grand Canal. Under Mohari's ownership, the historic hotel will undergo extensive restoration to elevate its status as a symbol of Venetian elegance. Rosewood Hotels & Resorts will play a key role in redesigning and operating the property, bringing its expertise in heritage property restoration. This acquisition is part of Mohari's strategy to build a luxury portfolio with irreplaceable heritage value and cultural resonance, following recent investments in Paris and Madrid. Advisors on the acquisition included Kryalos SGR, DLA Piper, Deloitte, Eastil Secured, CBRE, and Cushman & Wakefield.
Sectors
- Hospitality Industry
- Real Estate Investment
Geography
- Italy – The acquisition centers around the Bauer Hotel, located in Venice, Italy, emphasizing the geographical significance of the deal.
- Europe – Mohari's growing portfolio, which includes properties in Paris and Madrid, demonstrates a broader European strategy.
Industry
- Hospitality Industry – The article focuses on the acquisition of a historic hotel property, which is a significant topic within the hospitality industry.
- Real Estate Investment – The acquisition itself involves significant real estate investment, highlighting the involvement of key investment players like Mohari Hospitality and Omnam Investment Group.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mohari Hospitality | Acquirer | Company | A global investment firm specializing in luxury properties and hospitality, founded by Mark Scheinberg. |
| Omnam Investment Group | Strategic Partner | Company | A real estate investment and development group focusing on high-end hospitality projects in Europe. |
| Bauer Hotel | Target Company | Company | A historic hotel located in Venice's San Marco district, known for its late 19th-century Venetian architectural style. |
| Rosewood Hotels & Resorts | Design and Operations Partner | Company | A luxury hotel group that will lead the design, restoration, and operation of the Bauer Hotel. |
| Kryalos SGR | Adviser | Company | Provided advisory services to Mohari and Omnam on the acquisition. |
| DLA Piper | Legal Adviser | Company | Provided legal advisory services for the acquisition. |
| Deloitte | Financial Adviser | Company | Provided financial advisory services for the acquisition. |
| Eastil Secured | Adviser | Company | Provided advisory services for the acquisition. |
| CBRE | Adviser | Company | Provided real estate advisory services for the acquisition. |
| Cushman & Wakefield | Adviser | Company | Provided advisory services for the acquisition. |