The ONE Group Hospitality, Inc. (Nasdaq:STKS) today announced the opening of STK at the Rixos Premium Dubai at the Jerimiah Beach Residences located close to the city’s Marina District.
“We are thrilled to be expanding to the Middle East as we have been exploring this market for quite some time as we looked for the right partners,” said Manny Hilario, President and CEO of The ONE Group. “This marks the first of 4 STK’s planned for the region with STK Downtown scheduled to open in the first half of 2018, STK Doha due to open in the second half of 2018 and STK Abu Dhabi scheduled for 2019.”
Hilario continued, “As one of our licensed locations, opening the STK Beach Dubai is an important component to our company’s strategic plan of focusing on asset light license and management opportunities and enables us to bring our signature vibe dining experience to a sixth country without significant capital investments.”
The restaurant will incorporate both STK menu staples as well as new offerings that are more suitable for the beach location, with seating for 175 guests in the restaurant and the outdoor patio.
The restaurants in Dubai will be operated by the award-winning Horizon Hospitality, which currently operates 32 venues of high-end casual restaurants and bars across the Middle East.
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.
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