NEW YORK--(BUSINESS WIRE)--The ONE Group Hospitality, Inc. (“The ONE Group”) (NASDAQ:STKS) today announced a new concept, The Hideout, which will open in W Los Angeles-West Beverly Hills in early 2016. Developed for the hotel, the new poolside restaurant and bar will offer guests a place to unwind and dine outside of the hustle and bustle of the city.
This news follows STK LA’s move earlier this year from its original outpost on La Cienega Boulevard to the newly revamped hotel on Hilgard Avenue.
“Since the reopening of STK LA, W Hotels has been an incredibly collaborative partner for us,” said Jonathan Segal, CEO, The ONE Group. “We’re excited to expand our relationship and to deliver a new concept for visitors of Los Angeles, as well as locals, with the opening of The Hideout.”
The ONE Group has several additional openings anticipated for 2016, including STK Orlando and STK Rebel in both Miami and San Diego.
About The ONE Group
The ONE Group is a global hospitality company that develops and operates upscale, high-energy restaurants and lounges and provides hospitality management services for hotels, casinos and other high-end venues both nationally and internationally. The ONE Group’s primary restaurant brand is STK, a modern twist on the American steakhouse concept with locations in major metropolitan cities throughout the U.S. and Europe. STK Rebel, a more accessibly priced STK with a broader menu, is an extension of the STK brand. The ONE Group’s food and beverage hospitality services business, ONE Hospitality, provides the development, management and operations for premier restaurants and turn-key food and beverage services within high-end hotels and casinos. Additional information about The ONE Group can be found at www.togrp.com.
About W Los Angeles – West Beverly Hills
A stylish contemporary escape in the heart of the Westside, W Los Angeles – West Beverly Hills is a sanctuary within the bustling city. Located on two acres of lush landscaping, this modern oasis offers 297 re-imagined suites including WOW and Extreme WOW suites, more than 4,000 square feet of meeting space, state-of-the-art technology and world-class service. At W Los Angeles, guests can enjoy the ultimate W lifestyle: relax poolside in a private cabana while enjoying cuisine from the poolside bistro, Hideout; indulge in cool, sophisticated nightlife at The Living Room Bar; and enjoy ‘BIP’ status with poolside blissages with bliss® los angeles. Centrally located within minutes of the famed Sunset Boulevard, Hollywood, and the Santa Monica coastline, W Los Angeles enjoys a prime location at the foothill of Beverly Hills offering easy access to key interest points such as the Sunset Strip, the Armand Hammer Museum and the Geffen Playhouse. For more information on W Los Angeles – West Beverly Hills, please call (310) 208-8765 or visit www.wlosangeles.com.
Cautionary Statement on Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward-looking statements, including but not limited to, (1) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, our ability to open new restaurants and food and beverage locations in current and additional markets, grow and manage growth profitably, maintain relationships with suppliers and obtain adequate supply of products and retain our key employees; (2) factors beyond our control that affect the number and timing of new restaurant openings, including weather conditions and factors under the control of landlords, contractors and regulatory and/or licensing authorities; (3) changes in applicable laws or regulations; (4) the possibility that The ONE Group may be adversely affected by other economic, business, and/or competitive factors; and (5) other risks and uncertainties indicated from time to time in our filings with the SEC, including our Annual Report on Form 10-K/A filed on April 1, 2015.
Investors are referred to the most recent reports filed with the SEC by The ONE Group Hospitality, Inc. Investors are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events, or otherwise.