The ONE Group Hospitality, Inc. (Nasdaq:STKS) today announced that the Company has signed a licensing agreement to open STK Doha in partnership with Katara Hospitality.
STK Doha will be located on the top floor of the city’s newly renovated Ritz-Carlton hotel, overlooking the Arabian Gulf and featuring exceptional city views. The restaurant is expected to have seating for 150 guests, and will feature STK's classic menu along with the brand’s signature décor.
“We are delighted to be partnering with Katara Hospitality, and to be building our presence in the Middle East with our fourth licensing deal in the region,” said Jonathan Segal, CEO, The ONE Group. “As our first Ritz-Carlton location, STK Doha will retain the elegant, vibe dining experience that our customers have come to know and love.”
Katara Hospitality is a global hotel owner, developer and operator, based in Qatar. With more than 45 years’ experience in the industry, the company’s portfolio has grown to include 34 owned and/or managed hotels in 12 countries across three continents.
This marks the company’s sixth overall licensing deal reinforcing The ONE Group’s current growth strategy to increase expansion through licensing and management deals.
The ONE Group (NASDAQ:STKS) 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. ONE Hospitality, The ONE Group’s food and beverage hospitality services business, provides the development, management and operations for premier restaurants and turn-key food and beverage services within high-end hotels and casinos.
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