(“Mohari”) today announced the acquisition of the Bauer Hotel in Venice, Italy. The acquisition of this iconic property is a significant addition to Mohari’s growing European portfolio, underscoring its commitment to building a collection of luxury properties with irreplaceable heritage and unique cultural resonance. Previous owner, Signa Group, had signed a management agreement with , which will operate the property.
Mohari has made this latest acquisition alongside its strategic partner in Europe, Omnam Investment Group, a real estate investment and development group specializing in high-end, transformative hospitality with over a decade of experience in Italy and Europe, investing and developing historic and complex projects.
The Bauer Hotel is located in the heart of Venice and considered one of the city’s architectural treasures, embodying late 19th-century Venetian medieval mannerism. The property is positioned on the Grand Canal in the historic San Marco district, just steps from the world-renowned Piazza San Marco. Under its new ownership, the property will undergo an extensive restoration, recapturing its grandeur as a symbol of Venetian elegance.
“Our vision at Mohari is to establish a portfolio of unparalleled luxury hospitality destinations defined by iconic locations, heritage value, and exceptional guest experiences. The legendary Bauer Hotel fits perfectly within our vision,” said Mark Scheinberg, Founder and Principal of Mohari Hospitality.
“The Bauer is truly irreplaceable, prominently situated in the beautiful city of Venice. We are proud to have the opportunity to preserve and elevate this extraordinary jewel of a property, honoring its legacy while transforming it to become one of Europe’s most distinguished hotels.”
Rosewood Hotels & Resorts, celebrated for their global collection of remarkable destinations and expertise in reimagining heritage properties, will bring their design, restoration, and operational excellence to the project.
The Bauer Hotel joins Mohari’s growing collection of luxury European assets, following the Company’s recent acquisition of a , which is set to become a luxury hotel of exceptional prominence and stature, and its previous flagship investment in the , which has since become one of Europe’s most exceptional hotels.
Mohari and Omnam were advised on the acquisition by Kryalos SGR, DLA Piper, Deloitte, Eastil Secured, CBRE, and Cushman & Wakefield.
Hotel Bauer Venice (Rosewood Hotels)
More from CONCIERGE
0
SLS Baha Mar continues to evolve its group offering with the introduction of a new guest room concept. Centered around …
0
“After extensive renovation, Fairmont Breakers returns as Long Beach’s luxury hotel,” Breakers General Manager Mark Steenge said in a statement. …
0
Sofitel, the pioneering hotel brand that combines thoughtful, sincere and committed luxury with a French twist, is thrilled to announce …
