JMA Ventures and Mohari Hospitality Announce New Joint Venture

JMA Ventures and Mohari Hospitality Announce New Joint Venture

Global Investor Joins Forces with Seasoned Investor and Developer to Acquire and Develop Up To $2 Billion in Luxury Hospitality and Mixed-Use Projects

SAN FRANCISCO (October 24, 2023) — San Francisco-based JMA Ventures and global hospitality investor Mohari Hospitality today announced that the companies 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 the expertise of JMA’s more than 35 years of experience in successful 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,” said Todd Chapman, president of JMA Ventures.  “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.”   

For more information on JMA Ventures visit, and for more information on Mohari Hospitality, visit

About JMA

JMA is a full-service commercial real estate development and investment firm headquartered in San Francisco with offices and teams across the United States. Founded in 1986, JMA’s partners and leadership team have extensive experience in acquiring and developing famed historic buildings, hotels and resorts, large sports and entertainment-anchored mixed-use facilities, recreation, and more.  With over $2.5B deployed across 60 transactions completed and 20 additional projects in the current portfolio, JMA has partnered with some of the most reputable financial partners and brands.

About Mohari

Mohari Hospitality, founded in 2017 by entrepreneurial investor Mark Scheinberg, is a global investment platform focused on opportunities in the luxury lifestyle sector. The company’s experienced team and network of best-in-class partners and portfolio companies give Mohari the agility and versatility to deliver added value to unique investment opportunities with compelling return characteristics. Mohari’s investment strategy emphasizes long-term value creation and responsible business practices, helping build effective, multi-faceted partnerships that are shaping the future of luxury lifestyle.

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Press contact: 

Mohari: KWT Global,

JMA:  Glodow Nead Communications,