In April of 2023, after a successful 6-year partnership with MSGE, Tepperberg and Strauss once again sold a majority stake in Tao Group to Mohari Hospitality, a global investment firm focusing on luxury hospitality while remaining as Co-CEOs and part owners.Īfter graduating from Stuyvesant High School, Tepperberg earned a BBA degree in Business Management from the University of Miami and currently resides in New York City with his wife and two children. The space can be divided for smaller parties based on availability, while the entire restaurant can be reserved upon request pending availability. The newly combined company now operates over 80 branded restaurants, nightclubs, lounges, and daylife locations in over 20 markets across four continents and features a collection of widely recognized hospitality brands. LAVO Ristorante offers a secluded, 48-seat private dining room with a dramatic barrel-vaulted brick ceiling for private functions. In 2021, shortly after being named Co-CEOs of Tao Group Hospitality, the two orchestrated the acquisition of the Hakkasan Group adding brands like Omnia, Yauatcha, Ling Ling, Wet Republic, Herringbone, and others to their portfolio creating a global hospitality powerhouse. Tepperberg and Strauss retained a substantial stake in the organization and stayed on to operate the company day-to-day. In February 2017, Tepperberg and his partners announced a first-of-its-kind deal to sell a majority stake in Tao Group to The Madison Square Garden Company. With the record success of Tao Group, Tepperberg and Strauss were honored by Harvard Business School in March 2009 with a published case study about the dynamic duo’s myriad of businesses entitled “Marquee – The Business of Nightlife.” Tao Group expanded its reach over the years in Vegas and New York and opened additional venues in Chicago, Los Angeles, Sydney, and Singapore including indelible nightclubs, restaurants, and hotels. Coming off the launch of these two successful venues - Tepperberg, Strauss, Packer, and Wolf officially formed Tao Group in 2009. Along with Tao co-founders Marc Packer and Rich Wolf, the foursome opened Tao at the Venetian Las Vegas shortly followed by Lavo Las Vegas. The duo opened Marquee nightclub in New York City in 2003, which rapidly became the epicenter of the worldwide nightlife scene. After finding early success in the marketing and events industry, the young partners sold their marketing company to focus on their hospitality business. Goldman Sachs and Hughes Hubbard & Reed represented Tao Group.In 1997, entrepreneurs Tepperberg and Jason Strauss started a full-service marketing, special events, public relations, and consumer promotions company that grew a roster of Fortune 500 clients including Coca-Cola, LVMH, and Playstation. Moelis & Company, Kirkland & Ellis and Deloitte advised Mohari on the deal. “Mohari’s shared vision, coupled with the strength of its portfolio and leadership, make it an ideal partner as we look at the next chapter.”Īs a result of the sale, Tao Group will enter into a multi-year agreement with MSG Entertainment for ongoing consulting, marketing and support services at Madison Square Garden and Sphere in Las Vegas. “Over the last 20 years, we have been laser-focused on building premium guest experiences and a company with a global influence in all areas of hospitality, entertainment and pop culture,” said Tepperberg. Initial post-merger plans include the incorporation of Tao venues in Mohari’s existing portfolio of luxury destinations, including the Peninsula Papagayo in Costa Rica, anchored by a Four Seasons luxury resort Centro Canalejas Madrid, featuring the Four Seasons Madrid and The Ritz-Carlton Yacht Collection. Following an expected close in May, Mohari will take the ownership stake previously held by Madison Square Garden Entertainment Corp.
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