The property is set to undergo an extensive restoration to exhibit Venetian elegance. Credit: Mohari Hospitality / PRNewswire.

Mohari Hospitality has announced the acquisition of the Bauer Hotel in Venice, Italy, marking an expansion of its luxury European portfolio.

This move is part of Mohari’s  “commitment” to building a collection of luxury properties with heritage and cultural resonance.

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The Bauer Hotel is considered one of the city’s architectural treasures, expressing late 19th-century Venetian medieval characteristics.

Located on the Grand Canal in the San Marco district, it is close to the Piazza San Marco. Under its new ownership, the property will undergo an extensive restoration to exhibit Venetian elegance.

Mohari’s latest acquisition was made alongside its European partner, Omnam Investment Group, a real estate investment and development group specialising in transformative hospitality. Omnam has a decade of experience in Italy and Europe, investing and developing historic projects.

Rosewood Hotels & Resorts, with its collection of destinations and expertise in heritage properties, will contribute its design, restoration, and operational abilities to the Bauer Hotel project. This partnership aims to enhance the property’s status with luxury and tradition.

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The Bauer Hotel joins Mohari’s collection of luxury European assets, which includes the recent acquisition of a Parisian property set to become a luxury hotel.

Mohari stated that its previous flagship investment in the Four Seasons Hotel in Madrid has since become one of Europe’s premier hotels.

Mohari Hospitality founder and principal Mark Scheinberg said: “Our vision at Mohari is to establish a portfolio of unparalleled luxury hospitality destinations defined by iconic locations, heritage value, and exceptional guest experiences. The legendary Bauer Hotel fits perfectly within our vision.”

“The Bauer is truly irreplaceable, prominently situated in the beautiful city of Venice. We are proud to have the opportunity to preserve and elevate this extraordinary jewel of a property, honouring its legacy while transforming it to become one of Europe’s most distinguished hotels.”

For the acquisition of the Bauer Hotel, Mohari and Omnam were advised by a suite of experts including Kryalos SGR, DLA Piper, Deloitte, Eastil Secured, CBRE, and Cushman & Wakefield.