STK Orlando Opens in Disney Springs

STK joins the exciting new dining, shopping and entertainment district at Walt Disney World Resort

NEW YORK--()--The ONE Group Hospitality, Inc. (“The ONE Group”) (Nasdaq:STKS) is pleased to announce that STK Orlando officially opened its doors to welcome its first guests today at Disney Springs in Walt Disney World Resort at Lake Buena Vista, Florida.

“Strategic relationships, as well as great real estate, will remain integral to our growth plans as we expand our company footprint, and with an additional nine STK restaurants currently in development, we are excited to bring the STK experience to new cities across the globe.”

The new location is the 11th STK worldwide, and at more than 14,000 square feet, it is one of the largest to date. Featuring rooftop dining with scenic views, the restaurant boasts both indoor and outdoor seating on two levels, a bistro, bar, private dining room and a fire pit. With a sleek and contemporary design, STK is known for its high-energy fine dining experience.

“We are thrilled to enter the Orlando market, especially at a premier destination like Walt Disney World,” said Jonathan Segal, CEO of The ONE Group. “Strategic relationships, as well as great real estate, will remain integral to our growth plans as we expand our company footprint, and with an additional nine STK restaurants currently in development, we are excited to bring the STK experience to new cities across the globe.”

Previously announced locations for new STK restaurants include Boston, Edinburgh, San Diego, Denver, Miami, Austin, Ibiza and Toronto.

About STK

STK is a unique concept that artfully blends the modern steakhouse and chic lounge into one, offering a dynamic, fine dining experience with the superior quality of a traditional steakhouse. STK distinguishes itself by focusing on the social experience with a sleek, contemporary design and an in-house DJ who creates an infectious, high-energy vibe. The menu features reimagined classic American cuisine with signature dishes like bite-sized Lil’ BRGs made with Wagyu beef, Lobster Mac & Cheese, and, of course, the highest quality steak. STK defines the modern fine dining experience with incredible food, world-class service and the perfect atmosphere. STK has locations in New York City, Washington DC, Miami, Chicago, Atlanta, Los Angeles, Las Vegas, London, and Milan with additional locations coming soon to Toronto, Austin, San Diego, Denver, Ibiza and Edinburgh. For more information about STK, please visit www.stkhouse.com.

About The ONE Group

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. The ONE Group’s primary restaurant brand is STK, a modern twist on the American steakhouse concept with locations in major metropolitan cities throughout the U.S. and Europe. ONE Hospitality, The ONE Group’s food and beverage hospitality services business, provides the development, management and operations for premier restaurants and turn-key food and beverage services within high-end hotels and casinos. Additional information about The ONE Group can be found at www.togrp.com.

About Disney Springs

Disney Springs is a one-of-a-kind Disney experience, treating guests by day and night to great dining, shopping and entertainment amid beautiful open-air promenades, flowing springs and waterfront charm. Offering an air of sophisticated grace and design that harkens to Florida’s waterfront towns at the turn-of-the-century, Disney Springs is home to four distinct, outdoor neighborhoods: The Landing, Town Center, Marketplace and West Side. Nearing completion in 2016, Disney Springs has been undergoing the largest expansion in its history to double the number of shops, restaurants and other venues for guests to explore, which will result in more than 150 establishments. Disney Springs is part of Walt Disney World Resort, the number one family vacation destination in the world, located in Lake Buena Vista, Florida.

Cautionary Statement on Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward-looking statements, including but not limited to, (1) our ability to open new restaurants and food and beverage locations in current and additional markets, grow and manage growth profitably, maintain relationships with suppliers and obtain adequate supply of products and retain our key employees; (2) factors beyond our control that affect the number and timing of new restaurant openings, including weather conditions and factors under the control of landlords, contractors and regulatory and/or licensing authorities; (3) changes in applicable laws or regulations; (4) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; and (5) other risks and uncertainties indicated from time to time in our filings with the SEC, including our Annual Report on Form 10-K filed on March 30, 2016 and our Quarterly Report on Form 10-Q filed on May 16, 2016.

Investors are referred to the most recent reports filed with the SEC by The ONE Group Hospitality, Inc. Investors are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events, or otherwise.

Contacts

For The ONE Group Hospitality:
Media:
Sloane & Company
Dan Zacchei or Kate Traynor, 212-486-9500
Investors:
ICR
Don Duffy or Michelle Epstein, 203-682-8200

The ONE Group Hospitality, Inc.