Madison Square Garden Entertainment "announced that it has agreed to sell its 66.9% majority interest in Tao Group Hospitality to Mohari Hospitality, a global investment company focused on the luxury lifestyle and hospitality sectors, in a transaction that values Tao Group Hospitality at $550M. The transaction is expected to close in May. Upon completion of the sale of its majority interest, MSG Entertainment expects to receive net cash proceeds of approximately $300M."
Published first on TheFly
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