Mohari Hospitality To Acquire Tao Group Hospitality
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.