Mohari Hospitality

Mohari Hospitality

Mohari Hospitality was founded by Mark Scheinberg, whose wealth originates from the 1999 launch of PokerStars, the online poker platform he co-founded with his father Isai Scheinberg. The family office is headquartered in Nicosia, Cyprus, with additional offices in New York, Philadelphia, Washington, and Carmel, reflecting a transatlantic operational footprint. The firm invests primarily in luxury hospitality and residential real estate, targeting landmark assets in cities such as London, Paris, New York, and Miami, as well as resort destinations in the Caribbean and Europe. Mohari acts as both a principal investor and a developer, taking a hands-on approach to acquisitions, repositioning, and ground-up construction. Notable projects include the renovation of the Fife Arms in Scotland and the development of the Rosewood São Paulo in Brazil, the latter co-invested alongside partners. Mohari maintains a lean team of investment professionals, though exact headcount is not publicly disclosed. A recent operational event: May 2024, Mohari Hospitality acquired the historic Four Seasons Hotel Washington, D.C. in a joint venture with a sovereign wealth fund, signaling expanded U.S. presence (per public record). The firm has also stated a focus on sustainability and wellness-driven hospitality concepts. Mohari's structural differentiator is its concentration on luxury hospitality as a single-family office—rare among peers who diversify across asset classes. Scheinberg's deep industry knowledge from PokerStars' global brand-building informs a patient, high-conviction approach to capital deployment, with no external capital or fund structure, granting full autonomy over investment timelines.