Milan, [September 2, 2025] – Mohari Hospitality (“Mohari”) and Omnam Investment Group (“Omnam”) today announced the successful closing of a €280 million financing package to refinance the vendor loan and fund the refurbishment of the iconic Bauer Hotel in Venice, marking a significant milestone in the property’s ongoing transformation. The financing transaction was led by a pool of Italian lenders.
LUMI asset management served as financial adviser to Mohari on the restructuring and refinancing, DLA Piper advised Mohari and Omnam on due diligence, tax and legal matters, while McDermott represented the lending syndicate.
This achievement follows a strategic restructuring in which Bauer SICAF, a newly formed fixed-income investment company, has become the hotel’s owner, further strengthening the project’s future.
This structure enables Mohari and Omnam to combine their expertise and resources in luxury real estate and hospitality, ensuring the successful redevelopment and repositioning of these landmark assets.
In addition to the ownership of Hotel Bauer, Bauer SICAF also now owns the adjacent Residenza Grunwald in Venice. Supported by a green loan of over €250 million from a consortium of premier Italian lenders, Bauer SICAF is well positioned to restore the Hotel Bauer and Residenza Grunwald to their historic prominence, reaffirming their status as symbols of excellence in Venetian hospitality.
“At Mohari, our vision is to build a portfolio of luxury hospitality destinations defined by iconic locations, heritage, and exceptional experiences. The Bauer Hotel embodies this vision perfectly,” said Mark Scheinberg, Founder and Principal of Mohari Hospitality. “Securing this refinancing marks a pivotal moment in our journey to restore and elevate the Bauer to its rightful place among Europe’s most distinguished hotels. We are proud to partner with leading institutions and our collaborators to honor the hotel’s legacy while transforming it for future generations in the heart of Venice.”
Visible progress is already being made in the restoration of the Bauer Hotel. With leading design teams appointed and the main contractor now on site, construction is underway, signaling the beginning of an exciting new chapter for this iconic Venetian landmark.
About Mohari Hospitality
Established in 2017 by Mark Scheinberg, Mohari Hospitality is a global investment firm specializing in luxury properties and lifestyle hospitality. With a diverse portfolio spanning premier destinations across Europe and the Americas, Mohari is dedicated to delivering exceptional guest and dining experiences. The firm’s investments include a portfolio of luxury assets operating under iconic brands including the Four Seasons Madrid; Peninsula Papagayo’s Four Seasons, Ritz Carlton Reserve, and Andaz Resort & Residences; the 1 Hotel Toronto; and the Ritz-Carlton Yacht Collection. Additionally, Mohari owns Tao Hospitality Group, a global leader and innovator in restaurants, nightlife, and entertainment. For more information visit: MohariHospitality.com.
About Omnam
Founded in 2011 by David Zisser, Omnam (omnamgroup.com) is devoted to creating hotels married to their time and place. Through innovative hands-on design, construction, creative financing, disciplined project management and inspired programming, Omnam’s portfolio prioritizes restoration, sustainability and community benefit. It is a global real estate development and investment firm with a diversified portfolio across international European cities and storied destinations, including Four Seasons Puglia, Baccarat Hotel Florence, the Edition Lake Como and the Kimpton POST in Rotterdam. Omnam has partnerships across Europe with best-in-class institutional partners who value its unique vision and ability to carefully and flawlessly transform buildings into luxury assets that are timeless.
Media Inquiries:
FGS Global for Mohari Hospitality
MohariHospitality@fgsglobal.com
