The new venture aims to leverage the expertise of 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.
Todd Chapman, president of JMA Ventures, said: “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.
“I could not be more excited to partner with such a capable organisation 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.”
J Allen Smith, managing partner, Mohari Hospitality, commented: “Our goal at Mohari is to partner with experienced best-in-class organisations that share our values and our view on long-term investing while complementing the capabilities of our firm.
“JMA is such an organisation, 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.”
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.
Meanwhile, JMA’s pipeline already includes The Hearst Hotel Auberge Resorts Collection, arriving in San Francisco in 2025; and a double development for Marriott International in Avon, Colorado, the 143-room SpringHill Suites Avon and the 100-room TownePlace Suites Avon, both due in Q4 2024.