San Francisco-based JMA Ventures and global hospitality investor Mohari Hospitality have entered into a strategic joint venture to acquire, recapitalize and develop up to $2 billion of luxury hospitality and mixed-use projects throughout North America.
The new venture will leverage JMA’s more than 35 years of experience in investment and development of unique properties throughout the United States and Mohari’s significant experience as an investor across the hospitality sector.
“The opportunity to work with the incredible team at Mohari is the culmination of three decades of disciplined work by our tenured team at JMA,” JMA Ventures President Todd Chapman said in a statement. “I could not be more excited to partner with such a capable organization with distinctive capabilities and commitment to investing in luxury and lifestyle properties. We could not be better positioned as we chart our firm’s path for the future.”
The venture with JMA continues a busy year for the Mohari Hospitality team, having recently acquired Tao Group Hospitality, in addition to continuing to invest in Europe and the Americas.
“Our goal at Mohari is to partner with experienced best-in-class organizations that share our values and our view on long-term investing while complementing the capabilities of our firm,” said J. Allen Smith, managing partner, Mohari Hospitality. “JMA is such an organization, and we believe our combined resources will enable us to create some of the best hospitality and leisure properties in many of the most desirable markets in the country.”