Toronto, August 4, 2021: Mohari Hospitality, the global investment company founded by entrepreneurial investor Mark Scheinberg, has today opened 1 Hotel Toronto in partnership with hotel management company, SH Hotels & Resorts. The redesigned hotel, which forms part of downtown Toronto’s recent urban regeneration, is the newest opening for the luxury hospitality brand 1 Hotels, and the first of its kind in Canada.
Mohari acquired the asset, located at 550 Wellington Street West, in 2017 and in 2019 announced it was partnering with SH Hotels & Resorts to transform and rebrand the hotel into a luxury and sustainable 1 Hotels retreat. Mohari Hospitality’s substantial investment completely renovated and reimagined the property, which had been operating as the Thompson Toronto hotel. The hotel closed in January 2020 to allow renovations to begin and although the COVID-19 pandemic temporarily delayed the reopening of the hotel, Mohari is delighted to now be welcoming guests to 1 Hotel Toronto.
To mark the opening of 1 Hotel Toronto, 2021 native trees will be physically planted in designated sites throughout the Greater Toronto Area (GTA) over the course of the next year, in partnership with the non-profit organization Tree Canada. This project has been funded by Mohari as part of its ongoing philanthropic activity in communities where it has investments, whilst 1 Hotel team members will volunteer to plant the trees in local communities.
Mark Scheinberg, Founder of Mohari Hospitality, said: “With the opening of 1 Hotel Toronto, Mohari has rooted itself deeper within the Toronto community. We are proud to bring a new level of service and luxury hospitality experience to the city, and through the planting of trees, mark our commitment to the local community and environment.”
As part of the property renovations, Mohari Hospitality has installed BlindSquare enabled iBeacons throughout the new hotel’s communal indoor and outdoor spaces as part of CNIB’s Accessible Neighbourhoods Project. The project aims to transform Canadian communities to make them more accessible and inclusive by improving access to areas of the city for anyone needing assistance navigating places on their own. Installing BlindSquare enabled iBeacon technology will make the hotel and the local area more inclusive for people living with sight-loss, and people living with mobility and cognitive disabilities, transforming 1 Hotel Toronto into one of the most inclusive hotels in the city.
Mohari Hospitality was also able to provide support to the community during the COVID-19 pandemic with a grant from the Scheinberg Relief Fund (SRF), a $50M philanthropic fund established by Mark Scheinberg and his family. In December 2020 Mohari Hospitality, SH Hotels & Resorts, and food rescue charity Second Harvest launched ‘1 Hotel Toronto Relief Kitchen’, using the hotel kitchen to prepare meals for the local community and provide employment and wages for hotel staff who were not working due to the pandemic. 1 Hotel Toronto Relief Kitchen prepared and delivered over 45,000 meals to 9 agencies across Toronto, donated over 6,000 hours of staff time to the two largest local food banks and brought 36 members of the team back to work to serve their community.
In addition to 1 Hotel Toronto, Mohari has invested in four other major hotels since the company was established in 2017. Other hotels in the portfolio include the Four Seasons Hotel Madrid located in Centro Canalejas, the Four Seasons and Andaz resorts at Peninsula Papagayo in Costa Rica, a 2,200-acre, sustainable luxury resort and master development and the Waldorf-Astoria Hotel in Miami, which is currently in pre-development residential sales.
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Notes to Editors
- More information on 1 Hotel Toronto can be found on the hotel’s website and in the announcement from 1 Hotels here.
ABOUT MOHARI HOSPITALITY:
Mohari Hospitality, founded in 2017 by entrepreneurial investor Mark Scheinberg, is a global investment company that engages in a broad range of real estate investment activities, with emphasis on luxury hospitality in prime urban and resort markets. Mohari’s investments include equity and debt in both development and operating assets and Mohari invests both independently and with partners. Mohari’s existing investments include Peninsula Papagayo, a 2,200-acre sustainable master development, located in Costa Rica’s Guanacaste province and anchored by a Four Seasons luxury resort; The Ritz-Carlton Yacht Collection, a new ultra-luxury cruise line launching in 2021 and; Centro Canalejas, a group of seven adjoining historical buildings in the center of Madrid, featuring the first Four Seasons branded hotel in Spain; and the 205 room Waldorf Astoria, Miami which is to be the tallest tower south of Manhattan and is currently in pre-development residential sales. Mohari seeks to protect the cultural heritage and natural environments of all areas related to its projects and is committed to identifying and contributing to philanthropic projects in each location where it does business. Additional information can be found at moharihospitality.com.
ABOUT 1 HOTELS:
As a luxury lifestyle hotel brand inspired by nature, 1 Hotels cultivates the best of sustainable design and architecture, together with extraordinary comfort and an unrivaled level of service. 1 Hotels, which launched in 2015 with the opening of exclusive properties in Miami’s South beach and Manhattan’s Central Park, followed by Brooklyn, located on the East River, in February 2017, West Hollywood, on Sunset Boulevard, in June 2019, and Sanya (China) in 2020, is inspired by a simple idea: those that travel the world should also care about it, it is, after all, 1 world. 1 Hotels upholds this vision by channelling nature through design and culinary partnerships while connecting with the local community and taking sustainable steps to make a big difference. All 1 Hotel properties are among the first hotels in the world to become Sharecare Health Security VERIFIED® with Forbes Travel Guide. The comprehensive facility verification helps ensure that guests and travel planners can book with confidence at properties that have appropriate health safety procedures in place. The brand is expanding with the upcoming opening of its Toronto property and with properties under development in Nashville, Hanalei Bay, Cabo San Lucas, Paris, London, San Francisco, Mission Bay and Melbourne. Additional information can be found at 1hotels.com.
ABOUT TREE CANADA:
Tree Canada is the only national non-profit organization dedicated to planting and nurturing trees in rural and urban environments. Through our programs, research and engagement efforts, we have helped restore tree cover in areas hit by natural disasters, guided communities in managing their urban forests, supported over 700 schoolyard greening projects and organized urban forest conferences. To date, with our community partners and sponsors, we have planted more than 83 million trees. Treecanada.ca