Further international partnerships and acquisitions planned alongside launch of new brandsHakkasan Group, the global hospitality company, announces that it is continuing its rapid international growth into 2016 with two new restaurants and a nightclub in Indonesia, and the introduction of its Michelin-starred Yauatcha brand to the United States.
A continuation of Hakkasan Group’s business strategy of taking its brand portfolio in new high-growth markets, the expansion into Indonesia will involve three of its brands, Hakkasan, Sake no Hana and OMNIA, while Yauatcha will open in Houston and Honolulu.
These developments will follow recent openings in Shanghai, Mykonos, Los Angeles and London, which have expanded Hakkasan Group’s global footprint, and will be complemented by additional openings throughout 2016. The Group, which employs more than 5,000 people globally, has seen revenues rise by almost 600% since 2012 1.
Founded in the UK, Hakkasan Group is headquartered in both London and Las Vegas with over 50 establishments across the US, Europe, Middle East, and Asia. Its stable of brands also includes restaurants Hakkasan, HKK and Sake no Hana and nightclub / day club brand Omnia; which is part of the Group’s diversification into a full-suite hospitality company offering both day and nightlife premium services to guests.
Announcing the expansion plans, Nick McCabe, President of Hakkasan Group said: “As Hakkasan Group’s first venture into South East Asia and Yauatcha’s into the US, these developments mark a milestone for the Group and speak to our wider business strategy of moving into high growth markets.
“There is significant potential for Hakkasan Group across the entire Pacific Rim and as a result, we are planning aggressive expansion within the region, which will be achieved via our existing portfolio of brands, as well as further diversification through strategic acquisitions and new brand launches.”
“As the first step in South East Asia, Jakarta presents a fantastic opportunity due to its increasing importance as a luxury destination and the large amount of Indonesian tourism to Las Vegas, which has led to locals being familiar with some of the Hakkasan Group brands.”
“In the US, Houston and Honolulu, with their diverse populations and tastes, are perfect homes for Yauatcha, which we believe can add a product and service offering to the market that doesn’t currently exist”.
The Indonesia establishments, which are all planned to open in Alila Hotels and Resorts' newest development, Alila SCBD Hotel, in the second half of 2016, are being delivered in partnership with PT Kharisma Jawara Abadi (KJA), a subsidiary of leading hospitality company PT Bukit Uluwatu Villa Tbk (BUVA) and Alila Hotels & Resorts, part of Commune Hotels and Resorts Regional Office Asia. Interior work for Omnia Nightclub will be handled by Rockwell Group New York, Sake no Hana interiors will be managed by by Studio Q, Bangkok, and Hakkasan will be designed by GBRH out of Paris.
In Houston, Yauatcha will be opened in partnership with Simon Property Group at the Houston Galleria. The interior work will be handled by GBRH and the architect of record is YWS. In Honolulu, the restaurant will open at the International Market Place currently being developed by Taubman and Coastwood Capital Group in conjunction with Queen Emma Land Company.