Mohari Hospitality, an investment firm focused on the luxury lifestyle and hospitality sectors, announced today that it will acquire Tao Group Hospitality, a global leader and innovator in restaurants, nightlife, and entertainment from Madison Square Garden Entertainment Corp. (NYSE: MSGE) ( MSG Entertainment ) and other limited partners. The transaction values Tao Group Hospitality at $550 million and is expected to close in May, subject to customary closing conditions.
With Tao Group joining Mohari s portfolio of investments, the companies look to create a global platform for the development and management of premium hospitality assets
NEW YORK, April 17, 2023. | April 17, 2023
/PRNewswire/ Mohari Hospitality, an investment firm focused on the luxury lifestyle and hospitality sectors, announced today that it will acquire Tao Group.