What is included in the 'ONE Hospitality' venue count reported in this Benihana FDD?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
Our ONE Hospitality platform is composed of our F&B hospitality management agreements with hotels, casinos, and other high-end locations as well as our other brands and venue concepts, which are described below:
- ANGEL. ANGEL Rooftop bar and Dining is a sophisticated Southern-Mediterranean restaurant with two indoor and outdoor bars, a floral garden patio, and a plunge pool located within the Hotel Calimala in Florence, Italy.
- Bao Yum. A fast-casual concept that offers a whimsical twist on classic bao. Bao Yum serves breakfast, lunch, dinner and dessert bao along with a variety of salads, soups, sandwiches and snacks. Bao Yum currently operates within the Westminster Curio Hotel in London.
- Heliot. Heliot Steak House is an award-winning steakhouse and bar within the Hippodrome Casino in London that offers impressive views of the main casino gambling floor.
- Hideout. The Hideout by STK is an outdoor, poolside restaurant and bar within the W Hotel in Westwood, California, which complements our owned STK and F&B hospitality services also offered within the W Hotel in Westwood.
- Marconi. The Marconi Lounge is a stylish and sophisticated lounge bar that we manage within the ME London hotel that offers an extensive cocktail menu in an upbeat atmosphere.
- Radio. Radio Rooftop is a premier rooftop restaurant and lounge bar concept boasting striking city views with two signature locations on top of the ME London and ME Milan hotels.
- Rivershore Bar & Grill. Rivershore Bar & Grill celebrates the end of the Oregon Trail with a beautiful river view, American favorites and friendly, professional service in Oregon City, Oregon.
- F&B Services. Our F&B services for hospitality venues provide attractive and comprehensive tailored food and beverage solutions to our hospitality clients. Our fee-based hospitality food and beverage solutions include developing, managing and operating restaurants, bars, rooftops, pools, banquet and catering services, private dining rooms, in-room dining services and mini bars on a contract basis. Currently, we operate six venues pursuant to F&B hospitality management agreements with hotels and casinos in the United States and in Europe.
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the ONE Hospitality platform includes food and beverage (F&B) hospitality management and consulting agreements with hotels, casinos, and other high-end locations, as well as other brands and venue concepts. These concepts include F&B Services, ANGEL Rooftop bar and Dining, Bao Yum, Heliot Steak House, Hideout, Radio, and Rivershore Bar & Grill.
The F&B Services encompass developing, managing, and operating various food and beverage facilities such as restaurants, bars, rooftops, pools, banquet and catering services, private dining rooms, in-room dining services, and mini bars on a contract basis. As of the document's publishing, Benihana operated six venues under F&B hospitality management agreements with hotels and casinos in the United States and Europe.
Other concepts included in ONE Hospitality are ANGEL Rooftop bar and Dining, a Southern-Mediterranean restaurant in Florence, Italy; Bao Yum, a fast-casual bao concept operating within the Westminster Curio Hotel in London; Heliot Steak House, located within the Hippodrome Casino in London; Hideout by STK, a poolside restaurant and bar at the W Hotel in Westwood, California; Radio Rooftop, a rooftop restaurant and lounge bar with locations on top of the ME London and ME Milan hotels; and Rivershore Bar & Grill in Oregon City, Oregon.