Mohari Hospitality, Omnam and superstar Pharrell Williams team for 5-star hotel buy
International news
Mohari Hospitality, Omnam Investment Group and musician Pharrell Williams have acquired the former Hôtel Saint-James & Albany in Paris.
Located between Rue de Rivoli and Rue du 29 Juillet in the 1st arrondissement, the property was built in the 17th century and is close to key attractions including the Tuileries Gardens and the Louvre.
The acquisition is the latest made by the Mohari and Omnam strategic joint venture, which was formed in July 2022 to increase the impact of developments in luxury hospitality, food & beverage and leisure throughout Europe. It is the first co-investment with Williams.
Mohari and Omnam were advised on the acquisition by lawyers August-Debouzy, GALM and Ashurst alongside PWC. Eastdil Secured advised on the transaction, and affiliates of Apollo Management International LLP acted as lenders.