Mohari, JMA joint venture ready to develop $2B in luxury space

San Francisco-based real estate and investment firm 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.

Todd Chapman, president of JMA Ventures, told Hotel Investment Today on Tuesday that the partners are engaged in several projects together already that are fit their new mandate. He added that they are open to looking outside the U.S. in North America and the Caribbean, and they expect to work on all spectrums of opportunities, including branded and independent properties.

JMA has more than 35 years of experience in the investment and development of unique properties throughout the United States and Mohari has significant experience as an investor hospitality sector.

The venture with JMA continues a busy year for Mohari Hospitality, which was founded in 2017 by entrepreneurial investor Mark Scheinberg and 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 and former president and CEO of Four Seasons Hotels and Resorts. “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.”