What is the ONE Hospitality platform composed of for Benihana?
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. Historically, our clients have provided the majority of the capital required for the development of the facilities we manage on their behalf.
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 consists of F&B hospitality management and consulting agreements with hotels, casinos, and other high-end locations, along with other brands and venue concepts. These include F&B Services, ANGEL Rooftop bar and Dining, Bao Yum, Heliot Steak House, Hideout by STK, Radio Rooftop, and Rivershore Bar & Grill.
The F&B Services provide tailored food and beverage solutions to hospitality clients, including 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. Benihana currently operates multiple venues under these agreements with hotels and casinos in the United States and Europe. Historically, the clients have provided the majority of the capital required for the development of these facilities.
Other concepts include ANGEL Rooftop bar and Dining, a Southern-Mediterranean restaurant in Florence, Italy; Bao Yum, a fast-casual concept with locations in London and Austin, Texas; Heliot Steak House, an award-winning steakhouse in London; Hideout by STK, a poolside restaurant and bar in Westwood, California; Radio Rooftop, a rooftop restaurant and lounge bar with locations in London and Milan; and Rivershore Bar & Grill in Oregon City, Oregon.