Dive Brief:
- Global investment platform Mohari Hospitality and Maryland-based Weller Development Partners, a developer of luxury hospitality and branded residential properties, entered a strategic partnership that will bolster the development of luxury hospitality properties across North America and the Caribbean.
- The partnership created a platform to co-invest up to $2.5 billion in future luxury hospitality and mixed-use projects, Weller Development detailed in a Saturday release.
- Mohari will also make a programmatic investment in Weller’s existing projects, including Six Senses Napa in California, which will be one of the first hotels under IHG Hotels & Resorts’ Six Senses brand to open in the U.S.
Dive Insight:
The strategic partnership between Mohari Hospitality and Weller Development will “catalyze” the development of luxury hospitality properties across “key markets” throughout North America and the Caribbean, according to the release.
Strategic investment from the partnership will bolster Weller’s ongoing development of Six Senses Napa and Six Senses Grand Bahama.
The more than $250 million Six Senses Napa resort is slated to break ground in the fourth quarter of this year and open in 2026, Marc Weller, president and founding partner of Weller Development Partners, told Hotel Dive.
Upon completion, the property will feature 16 branded residential homes and 89 resort suites. Situated on 750 acres, Six Senses Napa will also include a spa, multiple restaurants, event space, vineyards, mineral springs and lakes.
Six Senses Napa will be one of the first properties under the wellness-focused resort brand — founded in Thailand and acquired by IHG in 2019 — to open in the U.S. The 460-acre Six Senses South Carolina Islands resort is similarly set to open in 2026.
Weller did not share the specific markets being targeted for future hospitality projects through the partnership but said there are no markets in the U.S. that are “off limits.” He added the development company has an active pipeline of projects across the U.S. that will be evaluated “as a team” to pursue.
“We're experiencing a boom in branded residential and luxury hospitality,” Weller said, adding there is a particular desire from owners and guests for wellness and sustainability.
