The acquisition has created a premium hospitality powerhouse that includes a global portfolio of brands and properties with significant potential for future growth.
The newly combined company operates 61 entertainment dining and nightlight venues in 22 markets across five continents and features a collection of widely recognised hospitality brands. These include Tao Group Hospitality’s Tao, Marquee, Lavo, Beauty & Essex, Avenue, Cathédrale and Koma brands as well as Hakkasan Group’s Hakkasan, Yautcha, Omnia, Ling Ling, Jewel ad Casa Calavera brands, among many others.
Tao Group Hospitality Co-CEO, Noah Tepperberg, commented: “Hakkasan Group is a strong strategic fit with a venue portfolio that not only expands our US presence, but gives us an important foothold in key global destinations.”
The addition of Hakkasan Group immediately increases Tao Group Hospitality’s footprint and provides local expertise to support further expansion. Hakkasan Group’s portfolio expands Tao Group Hospitality’s domestic reach in key markets such as Las Vegas, Southern California and Miami, whilst also significantly growing Tao Group’s international presence.