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The ONE Group Hospitality Inc. Opens STK San Francisco
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
The ONE Group Hospitality (Nasdaq: STKS) has opened a new STK Steakhouse in downtown San Francisco, located at 1 Market Street. This marks the third STK location in California and is part of the company's strategic expansion. STK San Francisco offers a vibrant dining experience with outdoor space, an elevated menu featuring premium steaks, and a renowned cocktail selection. The restaurant operates daily with a happy hour and is set to start brunch services on September 24, 2022. This opening reinforces The ONE Group's commitment to becoming a leader in Vibe Dining.
Positive
Opening of a new STK Steakhouse in San Francisco enhances brand presence and strategic expansion.
The restaurant offers outdoor dining space, appealing to local and tourist customers.
Introduction of a diverse menu including premium steaks and signature cocktails, enhancing customer experience.
Negative
None.
The “Not Your Daddy’s Steakhouse” brings renowned VIBE dining experience to the Golden City
SAN FRANCISCO--(BUSINESS WIRE)--
The ONE Group Hospitality, Inc. (Nasdaq: STKS) today announced the opening of its newest STK Steakhouse in the heart of downtown San Francisco. Located at 1 Market Street, San Francisco, CA 94105, the new restaurant offers Vibe Dining at its finest, with spectacular views and plentiful outdoor space to enjoy elevated culinary selections, world-famous cocktails and live music spun by renowned DJs. The opening of STK San Francisco, a company-owned location and third restaurant in the state of California, marks the next step in the company’s strategic expansion initiatives and long-term growth strategy.
“San Francisco is such a vibrant city, and we are thrilled to bring STK and introduce our signature Vibe Dining experience to residents and visitors alike,” said Emanuel “Manny” Hilario, President and CEO of The ONE Group. “STK offers our guests the ultimate dining experience, making every occasion celebrated in our restaurants a memorable one. We know STK will be a great addition to San Francisco’s already bustling downtown area and are proud to open our doors and share our unmatched culinary offerings with the Bay Area.”
At STK San Francisco, set among elegant design elements, guests can enjoy STK’s craveable menu for brunch, lunch or dinner, as well as the steakhouse’s iconic $3, $6, $9 weekday happy hour featuring signature cocktail selections like the popular Not Your Daddy’s Old Fashioned, Cucumber Stiletto and Spiced Watermelon. STK is also home to an impressive and award-winning wine list that allows guest to pair its premium dry-aged steaks with their favorite varietals from around the world.
Hours of operation for STK San Francisco are as follows:
STK Restaurants are “Not Your Daddy’s Steakhouse,” offering a high-energy dining experience that artfully combines the superior quality of a traditional steakhouse with a Vibe Dining atmosphere unlike any other. Delectable cuisine, upscale cocktails and an elevated Happy Hour, along with an in-house DJ and chic décor, all come together to offer a memorable fine dining experience that keeps guests enjoying their evening from drinks to dinner to late night. STK’s menu features reimagined classic American cuisine for lunch, brunch and dinner with unique local flair infused into each location’s menu. The brand’s beef program focuses on the highest quality, delicious and craveable steaks while emphasizing transparency and traceable sourcing practices. STK has locations in Atlanta, Bellevue, Chicago, Denver, Doha, Dubai, Ibiza, Las Vegas, London (2), Los Angeles, Los Cabos, Miami, Milan, Nashville, New York City (2), Orlando, San Diego, San Francisco, San Juan, Scottsdale, and Toronto. The company continues to expand globally. For more information about STK, please visit www.stksteakhouse.com.
About The ONE Group
The ONE Group Hospitality, Inc. (Nasdaq: STKS) is a global hospitality company that develops and operates upscale and polished casual, high-energy restaurants and lounges and provides hospitality management services for hotels, casinos and other high-end venues both in the U.S. and internationally. The ONE Group’s focus is to be the global leader in Vibe Dining, and its primary restaurant brands and operations are:
STK, a modern twist on the American steakhouse concept with 23 restaurants in major metropolitan cities in the U.S., Europe and the Middle East, featuring premium steaks, seafood and specialty cocktails in an energetic upscale atmosphere.
Kona Grill, a polished casual, bar-centric grill concept with 24 restaurants in the U.S., featuring American favorites, award-winning sushi, and specialty cocktails in an upscale casual atmosphere.
ONE Hospitality, The ONE Group’s food and beverage hospitality services business develops, manages and operates premier restaurants and turnkey food and beverage services within high-end hotels and casinos currently operating 13 venues in the U.S. and Europe.
Additional information about The ONE Group can be found at www.togrp.com.
What is the significance of the STK Steakhouse opening in San Francisco for STKS?
The opening of the STK Steakhouse in San Francisco is part of The ONE Group's strategic expansion plan, enhancing its brand presence in California.
When did the STK San Francisco start operations?
STK San Francisco officially opened its doors to the public on September 14, 2022.
What unique offerings does STK San Francisco provide?
STK San Francisco combines high-energy dining with premium steaks, signature cocktails, and outdoor seating, offering a unique Vibe Dining experience.
How does the opening of STK San Francisco impact investors of STKS?
The opening could positively affect investors by contributing to revenue growth and strengthening The ONE Group's market positioning in the hospitality sector.
