Hakkasan Group also operates four venues throughout the Middle East, providing an instant platform for growth in several fast-developing markets. This includes London, where Hakkasan Group has five venues, highlighted by its Michelin star-rated flagship restaurants, Hakkasan Mayfair and the original Hakkasan Hanway Place. Hakkasan Group’s portfolio expands Tao Group Hospitality’s domestic reach in key markets such as Las Vegas, Southern California and Miami, while also significantly growing Tao Group Hospitality’s international presence with the addition of important global destinations. The addition of Hakkasan Group immediately increases Tao Group Hospitality’s footprint and provides local expertise to support further expansion. Hakkasan Group have built a vast network of partners that provide theĬombined company with additional opportunities for expansion and brandīoth companies have also been executing a venue expansion strategy focused on markets where they can successfully deliver unforgettable live experiences. Through a combination of license, management and lease We look forward to utilizing ourĬollective strengths to continue raising the bar for exceptional guestīenefits – including the creation of a combined portfolio of world-renownedĮntertainment, dining and hospitality brands that can be leveraged globally. In entertainment, dining and hospitality. Hospitality, a company we’ve long admired for their leadership and innovation Will be well-positioned to take advantage of this pent-up demand, setting the stageĭerek Silberstein, Executive Vice President of Hakkasan Group
Start to return to regular operations, we believe our newly combined company As indoor dining and other hospitality experiences This partnership provides a tremendous platform to use our combined scale to create new opportunities that drive value.”Ĭhallenges caused by the pandemic, we know there’s a real desire by people around Over the last 20 years, Hakkasan Group has built some of the most successful brands in the hospitality industry. presence, but gives us an important foothold in key global destinations. Tepperberg said, “Hakkasan Group is a strong strategic fit with a venue portfolio that not only expands our U.S. Hakkasan Group’s highly skilled executive team will continue to run day-to-day operations for the Hakkasan properties under the direction of Tao Group Hospitality, led by co-CEOs Noah Tepperberg and Jason Strauss. The partnership brings together two seasoned hospitality groups with decades of industry experience.
Hospitality’s Tao, Marquee, Lavo, Beauty & Essex, Avenue, Cathédrale and Koma brands, as well as Hakkasan Group’s Hakkasan, Yauatcha, Omnia, Ling Ling, Jewel and Casa Calavera brands, among many others. The newly combined company operates 61 entertainment diningĪnd nightlife venues in 22 markets across five continents and features aĬollection of widely recognized hospitality brands.
New York, N.Y., ApTao Group Hospitality and Hakkasan Group announced today that Tao Group Hospitality has acquired Hakkasan Group, creating a premium hospitality powerhouse that includes a global portfolio of brands and properties with significant potential for future growth. Creates Global Leader in Premium Hospitality with Significant Potential for Growth
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