Mohari Hospitality announced that it will acquire Tao Group Hospitality from Madison Square Garden Entertainment and other limited partners. The transaction values Tao Group Hospitality at $550M and is expected to close in May, subject to customary closing conditions. As a part of the transaction, 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.
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