On 30 April, Thursday, the investor in luxury leisure Mohari Hospitality said it acquired the Four Seasons Hotel Madrid, in Centro Canalejas (press release) with the support of Generali Real Estate unit for commercial assets debt that provided a 330 million euros facility for refinancing (lender statement on Linkedin). Four Seasons Hotels and Resorts is managing the asset.
Mohari was previously the co-owner of the Hotel with Centro Canalejas with OHLA (fka OHL Desarrollos). In October 2025, the investors said that they were going to split the assets of Centro Canalejas (press release). They formalized the deal in January 2025 (press release) and closed in late April 2026, Cinco Dias reported. Mohari is now the sole owner of the hotel, the commercial area that Hermès is renting and of the parking facility. OHLA kept the Galería Canalejas and the main garage.
The 200 rooms Four Seasons Hotel Madrid opened in 2020 and it’s in 19th century Madrid heritage buildings. Furthermore, the asset has 22 private branded residences, the city’s largest spa and hosts gourmet restaurants such as the rooftop of Spanish chef Dani García.
Mark Scheinberg created Mohari Hospitality in 2017. The businessman is the former cofounder and ceo of PokerStars and FullTilt, two online gambling platform that Canada’s Amaya Gaming Group paid 4.9 billion US Dollars in 2014 and rebranded as The Stars Group which belongs to Flutter Entertainment since 2020.
In 2024, Mohari and Omnam Investment Group, a London’s real estate firm that Israeli investor David Zisser founded in 2011, co-acquired hotel Bauer in Venice ahead of a relaunch with the brand Rosewood Hotels & Resorts (see here a previous post by BeBeez) with the support of a 280 million euros financing from an undisclosed pool of lenders (see here a previous post by BeBeez).Troubled Austrian real estate investor Signa sold the asset. Bauer detailed the transaction in the additional notes to its 2024 financials available for the subscribers to BeBeez News Premium and BeBeez Private Data. In 2020, Signa acquired Hotel Bauer from Elliott. Mohari and Omnam also acquired Baccarat Villa Camerata Florence and received from UniCredit a mid-long term financing facility of 27.5 million euros and Four Seasons Costa Merlata in Puglia (Apulia) (see hera a previous post BeBeez).
Mohari also owns luxury resorts in Peninsula Papagayo such as Four Seasons Resort Costa Rica, Nekajui in Ritz-Carlton Reserve and Andaz Costa Rica Resort. The firm is also developing new projects in Paris and Miami. Mohari has Tao Group Hospitality, Hakkasan Group and a stake in The Ritz-Carlton Yacht Collection.
Fabio Longo, chief investment officer of Mohari Hospitality (former head of Special Situations and Real Estate at Bain Capital Credit in Europe), said: “The completion of this refinancing, following the transition to sole ownership, represents an important step towards aligning the capital structure with our strategy for the asset and our long-term positioning. We value our partnership with Generali Real Estate and their ability to execute complex, large-scale transactions with a high degree of certainty and discipline”.
At the end of 2025, Generali Real Estate assets under management amounted to 37.2 billion euros. Stefano Lombardo, Generali Real Estate Head of Debt Funds, added: “This is a highly strategic transaction for Generali Real Estate (part of Generali Investments whose assets under management are worth 736 billion) and an excellent example of the strong partnership we have built with Mohari over time. It reflects a shared approach, based on high standards of execution and a clear focus on creating long-term value. It also confirms our proven ability to originate, structure and underwrite complex, large-scale transactions, and to support sponsors in challenging, high-profile deals with certainty of execution and a long-term partnership mindset.”
Generali Real Estate Debt Investment Fund II (GREDIF II) is a Generali Real Estate’s vintage vehicle for European and UK investments launched in 2023 that in 2024 raised 500 million ahead of a one billion target while having already invested 200 million, ceo Nunzio Laurenziello said to BeBeez (see here a previous post by BeBeez).
