News broke today that dining and nightlife brand Tao Group Hospitality has acquired Hakkasan Group and its 3 San Diego properties - Searsucker, Omnia and Herringbone - which the new parent company plans to reopen imminently.
It was announced today that Tao Group Hospitality has acquired Hakkasan Group, creating a hospitality powerhouse that includes a global portfolio of 61 entertainment dining and nightlife venues in 22 markets across five continents. In San Diego, Hakkasan Group owns three concepts - Searsucker restaurant and Omnia night club, both in the Gaslamp Quarter, and Herringbone in La Jolla. Madison Square Garden Entertainment Corp., an American entertainment holding company based in New York City, owns a controlling interest in Tao Group Hospitality and, as a result, also owns a controlling, indirect interest in the newly combined company. The new company will continue to work with MSG Entertainment "to create innovative experiences that can be integrated across MSG Entertainment’s portfolio of live offerings, including its collection of venues featuring New York’s Madison Square Garden," explains the press release detailing the sale. Financial details of the transaction have not yet been disclosed.
"Hakkasan Group is a strong strategic fit with a venue portfolio that not only expands our U.S. presence, but gives us an important foothold in key global destinations," commented Tao Group Hospitality CEO Noah Tepperberg. "Over the last 20 years, Hakkasan Group has built some of the most successful brands in the hospitality industry. This partnership provides a tremendous platform to use our combined scale to create new opportunities that drive value."
A representative of Tao Group Hospitality has confirmed their plan is to reopen all San Diego venues as soon as possible. There is currently no specific timeline in place.
A representative of Tao Group Hospitality has confirmed their plan is to reopen all San Diego venues as soon as possible. There is currently no specific timeline in place.
