A Historic Property with Modern Ambitions
Originally constructed in the 17th century, this extraordinary property, formerly known as Hôtel Saint-James & Albany, boasts an unrivaled view of the Tuileries Gardens and the Terrasse des Feuillants. Nestled between Rue de Rivoli and Rue du 29 Juillet, the hotel is ideally located within walking distance of major Parisian landmarks, including the Louvre Museum and the famous Rue Saint Honoré—a hub of Parisian fashion and luxury. The hotel’s unique setting offers a rare, direct view of the Tuileries Gardens, making it one of Paris’s most coveted addresses.
A Collaboration of Visionaries
The acquisition marks the latest milestone in the partnership between Mohari Hospitality and Omnam Investment Group, which began in July 2022. This venture was established to expand the influence of luxury developments across Europe by leveraging both companies’ extensive expertise in hospitality, food & beverage, and leisure. The Parisian acquisition also represents the first co-investment between these hospitality powerhouses and Pharrell Williams, a Paris-based entrepreneur known for his innovative contributions to music, fashion, and philanthropy.
Redefining Luxury Hospitality
J. Allen Smith, CEO of Mohari Hospitality, expressed his enthusiasm for the project:
“This acquisition is a testament to our unwavering commitment to identifying and restoring unique luxury hospitality projects that offer unparalleled guest experiences. Our partnership with Omnam enables us to breathe new life into such an exceptional historical asset. We aim to honor its rich, romantic heritage while creating a modern, luxurious hotel experience that reflects the pinnacle of contemporary hospitality.”
Similarly, David Zisser, Founder and CEO of Omnam Group, emphasized the importance of this acquisition within their growing portfolio:
“This project highlights our dedication to developing luxury hospitality experiences that seamlessly blend historical significance with modern innovation. The property’s location and heritage make it the perfect flagship project for our partnership with Mohari. Together, we will push the boundaries of design, guest experience, and sustainable technologies to create a truly iconic destination.”
The Strategic Acquisition Process
Mohari, Omnam, and Pharrell Williams were meticulously advised throughout the acquisition process by top-tier legal and financial experts, including August-Debouzy, GALM, Ashurst, and PWC. Real estate advisory firm Eastdil Secured facilitated the transaction, while affiliates of Apollo Management International LLP provided lending support for the venture.
Mohari Hospitality: Expanding Global Luxury
Founded in 2017 by Mark Scheinberg, Mohari Hospitality has rapidly established itself as a major player in the global luxury hospitality sector. The firm’s portfolio spans prominent destinations across Europe, the Middle East, Asia, and the Americas, offering an array of world-class accommodations. Some of its flagship properties include the Four Seasons Madrid, 1 Hotel Toronto, and three luxury resorts in Peninsula Papagayo, Costa Rica, which include the Andaz, Four Seasons, and Nekajui—a Ritz-Carlton Reserve property.
Mohari’s strategic investments also extend to premier dining experiences, with partnerships in Tao Hospitality Group and Riviera Dining Group. In addition to its hotel portfolio, the company has also ventured into luxury cruising with the Ritz-Carlton Yacht Collection, setting new benchmarks for hospitality at sea.
For more details about Mohari’s projects and investments, visit their official website: MohariHospitality.com.
Omnam: Innovation in Luxury Hospitality
Founded in 2011 by David Zisser, Omnam Group is a global real estate investment firm dedicated to transforming historic properties into luxury hospitality destinations that remain timeless. Omnam specializes in hands-on design, creative financing, and inspired project management, all while prioritizing sustainability and community benefit. The firm’s innovative approach has resulted in some of Europe’s most talked-about luxury hotels, including the Four Seasons Puglia, Baccarat Hotel Florence, and the Edition Lake Como.
Omnam’s commitment to sustainable design and creating experiences rooted in their local environment has earned the group widespread acclaim. For more information about their developments, visit omnamgroup.com.
Pharrell Williams: A Visionary in Luxury
Pharrell Williams, a multi-talented entrepreneur, musician, and philanthropist, is making his mark in the world of luxury hospitality through his collaboration with Mohari and Omnam. This acquisition represents Williams’ first foray into luxury hospitality in Paris, and his involvement brings a unique blend of creativity, innovation, and vision to the project.
Pharrell’s enthusiasm for design and commitment to fostering sustainable, community-driven projects aligns perfectly with the values of both Mohari and Omnam, making this partnership a natural fit. His influence is expected to bring fresh perspectives to the property’s revitalization and ensure that the new hotel not only honors its historical significance but also appeals to modern, design-conscious travelers.
Looking Ahead: A New Era for Parisian Luxury
This acquisition is more than just another luxury hotel opening in Paris; it signals the beginning of a new era for the city’s hospitality landscape. With Pharrell Williams lending his creative touch, and the combined expertise of Mohari and Omnam, this historic property is set to become one of the most sought-after destinations for luxury travelers seeking a perfect blend of history, design, and modern amenities.
Once completed, the hotel will offer an experience that merges Paris’s iconic cultural heritage with cutting-edge luxury, positioning it as a flagship for future developments by Mohari and Omnam.
Tags: Mark Scheinberg, Mohari Hospitality, Allen Smith, David Zisser, Omnam Investment Group, Luxury Hospitality
