Mohari Hospitality has purchased the Bauer Hotel in Venice, Italy.
Located on the Grand Canal in the San Marco district, the 110-room hotel will undergo an extensive renovation programme, with Rosewood Hotels & Resorts to contribute to the project.
Set to open in 2025, Rosewood Hotel Bauer will include a casual restaurant and wine bar on the ground floor, a Venetian restaurant and rooftop bar, an Italian rooftop garden, a wellness facility, and an outdoor pool with a bar located on the eighth floor.
Mohari purchased the luxury hotel alongside its strategic partner Omnam Investment Group with which it formed a strategic partnership in 2022 focused on increasing the scale and scope of their developments in lifestyle and luxury hospitality, F&B outlets and leisure offerings throughout Europe.
The acquisition of the luxury hotel is the latest made by the investment firm as it continues to add to its European portfolio. In October, Mohari Hospitality, Omnam Investment Group and musician Pharrell Williams teamed up to acquire the former Hôtel Saint-James & Albany in Paris.
Mohari and Omnam were advised on the acquisition by Kryalos SGR, DLA Piper, Deloitte, Eastil Secured, CBRE, and Cushman & Wakefield.
What they said
Mark Scheinberg, founder & principal of Mohari Hospitality said: “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. 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, honouring its legacy while transforming it to become one of Europe’s most distinguished hotels.”