Profile: One Group Hospitality Inc (STKS.A)
1 May 2019
The ONE Group Hospitality, Inc., formerly Committed Capital Acquisition Corporation, incorporated on January 24, 2006, is a hospitality company. The Company develops, owns and operates restaurants and lounges, and provides food and beverage services for hospitality venues, including hotels, casinos and other locations across the globe. The Company operates through three segments: owned STK units (STKs), F&B hospitality management agreements (F&B), and Other concepts (Other). Its STKs segment consists of leased restaurant locations. Its F&B segment consists of management agreements, in which the Company operates the food and beverage services in hotels or casinos and could include an STK. Its Other segment includes owned non-STK leased locations.
The Company's restaurant brand is STK, which is a multi-unit steakhouse concept with locations in metropolitan cities around the globe. STK blends over two concepts into one, the modern steakhouse and a chic lounge, offering a dining experience in a social atmosphere. Each STK location features an open restaurant and bar area with a disc jockey (DJ) or DJ mix playing music throughout the restaurant. It operates approximately seven owned and over three managed STK restaurants in metropolitan cities, such as Atlanta, Chicago, Las Vegas, London, Los Angeles, Miami, Milan, New York and Washington, District of Columbia.
F&B Hospitality Services Business
The Company's F&B hospitality management services include developing, managing and operating restaurants, bars, rooftop lounges, pools, banqueting and catering facilities, private dining rooms, room service and mini bars tailored to the needs of hotels and casinos. It is operating under approximately five F&B hospitality management agreements with hotels and casinos throughout the United States and in Europe. Its F&B hospitality clients include global hospitality companies. The Company owns and operates approximately 10 and manages over 10 restaurants and lounges, including 10 STKs in metropolitan cities in the United States and Europe. In addition, it provides food and beverage services in approximately five hotels and casinos.
The Company competes with Del Frisco's, Mastro's, Fleming's Prime Steakhouse and Wine Bar, The Capital Grille, Nobu, Lavo, Gerber Group and Esquared Hospitality.
One Group Hospitality Inc
411 W 14th St Fl 2
NEW YORK NY 10014-1082