The ONE Group, a wholly-owned subsidiary of Committed Capital Acquisition Corporation (OTCQB:STKS), announced today it has exclusively partnered with APICII as its hospitality development partner. This is part of The ONE Group’s continued effort to drive growth in its hospitality business. Under the partnership, APICII will be identifying and evaluating food and beverage management opportunities in Hospitality developments both nationally and internationally.
This announcement comes on the heels of the company's appointment of John Inserra, former Executive Vice President, Restaurant Operations, Concepts and Development for Kimpton Hotels and Restaurant Group, as COO of The ONE Group. Mr. Inserra brings more than 25 years of food and beverage operations experience and successful leadership to his new position.
"Our hospitality business is a key element of our long term growth plan and we are excited about the opportunities ahead for this area of our business,” commented Jonathan Segal, CEO of the ONE group. "We believe that APICII is the ideal partner to assist us in continuing to identify opportunities worldwide for our food and beverage offering in hospitality developments. Our restaurant brands are recognized as best in class and our hospitality offering parallels that by providing a superior dining experience to match top notch hospitality brands around the globe."
"We are thrilled to partner with The ONE Group to leverage their dynamic brands and their proven track record at activating lifestyle venues and strong operating standards to grow in the hospitality segment,” commented Tom Dillon, co-founder of APICII.
The current ONE Group’s hospitality portfolio includes: The ME Hotel, The Hippodrome, The Cosmopolitan, The Gansevoort Park, and The Perry Hotel. The Perry Hotel in Miami is temporarily closed and undergoing a renovation. The hotel is expected to reopen under the new rebranded name, 1 Hotel and Homes Southbeach, within the fourth quarter of 2014. Looking forward, the ONE Group plans to launch at least one hospitality contract every 12-18 months.
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