Mohari Hospitality Acquires Tao Group Hospitality
May 3, 2023
Mohari Hospitality has completed the acquisition of Tao Group Hospitality, purchasing the company from Sphere Entertainment Co. and other limited partners. The deal brings Tao's global portfolio of restaurants, nightclubs and entertainment venues into Mohari's luxury hospitality platform and is supported by debt financing led by Monarch Alternative Capital.
- Buyers
- Mohari Hospitality
- Targets
- Tao Group Hospitality
- Sellers
- Sphere Entertainment Co., other limited partners
- Industry
- Restaurants & Hospitality
- Location
- New York, United States
- Transaction Type
- Buyout
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