NEW YORK, March 22, 2017 (hospitalitybusinessnews.com) — sbe, the leading lifestyle hospitality company that develops, manages and operates award-winning hospitality venues globally, today announced that it is in advanced discussions to merge Hakkasan Group into the sbe family.
Bare Pool Lounge
sbe Founder and CEO, Sam Nazarian stated, “sbe is in advanced discussions with Hakkasan Group regarding a potential merger. As currently contemplated, sbe would welcome Hakkasan’s global portfolio of prestigious restaurants and best in class nightlife assets into sbe’s international platform of lifestyle hospitality and entertainment assets to create the most dynamic hospitality, residential, restaurant and entertainment company in the industry. The merger is expected to close within 60 days.”
Hakkasan Group is a worldwide hospitality company with establishments across North America, Europe, Middle East and Asia. Its namesake is taken from its Michelin star restaurant that set the high-level standard for the group’s collection of diverse brands. Its ‘brand first’ philosophy builds restaurant, nightlife, daylife and soon-to-be hotel concepts into world-class hospitality brands, all with a focus on service, design, innovation and experience.
Its restaurant portfolio includes Hakkasan, with 11 locations worldwide, Ling Ling, Yauatcha, HKK, Sake no Hana, Herringbone and Searsucker. Under the nightlife/daylife umbrella of brands are Hakkasan Nightclub, Wet Republic, OMNIA and Jewel.
Hakkasan Group is fully owned by Alliance International Investments LLC, an investment company based out of Abu Dhabi.
Established in 2002 by Founder and CEO Sam Nazarian, sbe is a privately-held, leading lifestyle hospitality company that develops, manages and operates award-winning hotels, residences, restaurants and nightclubs. Through exclusive partnerships with cultural visionaries, sbe is devoted to creating extraordinary experiences throughout its proprietary brands with a commitment to authenticity, sophistication, mastery and innovation. Following the acquisition of Morgans Hotel Group, the pioneer of boutique lifestyle hotels, sbe has an unparalleled global portfolio featuring 23 world-class lifestyle hotel properties in 9 attractive gateway markets and more than 136 global world-renowned hotel, entertainment and food & beverage outlets.