The ONE Group Announces STK Rebel Will Open in Andaz San Diego

The 4^th STK Rebel to Open in 2016

NEW YORK-- The ONE Group Hospitality, Inc. (“The ONE Group”) (Nasdaq:STKS) today announced a STK Rebel will open in Andaz San Diego, a lifestyle boutique hotel operated by Hyatt and owned by Xenia Hotels & Resorts, Inc. (“Xenia”) (NYSE:XHR). Located at 600 F Street in San Diego’s historic Gaslamp Quarter, the hotel is in the heart of the city’s entertainment and nightlife district.

“This announcement is an integral step in our company’s growth plan, expanding our footprint into a new city and embarking on a new partnership with two leading organizations in the hotel and hospitality sector. Andaz San Diego is a natural opportunity for The ONE Group due to the Andaz brand’s strength in the lifestyle sector and the hotel’s focus on creating a vibrant food and nightlife scene in the city,” said Jonathan Segal, CEO of The ONE Group. “Hotel guests and locals alike will have the opportunity to not only enjoy a contemporary dining experience, but a perfect night out with the addition of STK Rebel.”

STK Rebel, an extension of the primary STK brand, maintains the unique features and energy of STK, and offers a menu and price point targeted to a broader national and international market. At 4,200 square feet, the restaurant will include both indoor and outdoor seating along with two private dining areas. The San Diego STK Rebel will be the fourth venue joining previously announced locations in Denver, Miami and Austin.

“We are delighted to welcome STK Rebel to Andaz San Diego,” said Marc Ellin, Senior Vice President of Hyatt. “The ONE Group’s expertise in working within the hotel industry is well known and the restaurant is an exciting and complementary addition to this property. We believe that the nationally recognized STK experience coupled with Andaz San Diego’s young, downtown vibe will elevate the appeal of both brands in San Diego.”

“We are pleased we are able to further enhance an important asset in our portfolio through the addition of STK Rebel at Andaz San Diego,” said Marcel Verbaas, President and CEO of Xenia. “We are looking forward to our new relationship with The ONE Group while continuing our strong relationship with Hyatt.”

“We look forward to a busy 2016 with San Diego joining our current plans for openings in Dallas and Austin,” Segal added. “We also expect to sign several more leases in the coming months which will solidify our new restaurant opening plans for 2016.”

The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

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. STK Rebel, a more accessibly priced STK with a broader menu, is an extension of the STK brand. The ONE Group’s food and beverage hospitality services business, ONE Hospitality, 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 Andaz San Diego

Andaz San Diego is an urban escape known for friendly and uncomplicated service, sophisticated design and unpretentious style. Located in the heart of the Gaslamp Quarter, the cornerstone of the property is a 159 room hotel with 17 suites, each with luxurious bedding, custom fixtures, and local bath amenities. Guests enjoy complimentary welcome beverages while being checked in via iPads® as well as complimentary amenities such as wireless Internet, select non-alcoholic beverages and snacks, 24-hour gym, and wine tasting in the lounge each evening. Andaz San Diego offers guests the Andaz Wine Bar and RoofTop600, a sultry rooftop bar and restaurant with stunning skyline views, lounge pool, and private cabanas. Live DJs and bottle service set the tone for Friday and Saturday at RoofTop600 when it transforms into one of the premier ultra-lounges in San Diego. Additional amenities include 20,000 square feet of flexible meeting and function space. For more information about Andaz San Diego, visit www.andazsandiego.com. Socialize with Andaz San Diego on Facebook and on Twitter and Instagram at @AndazSanDiego.

About Xenia Hotels & Resorts, Inc.

Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT that invests primarily in premium full service, lifestyle and urban upscale hotels, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. As of March 31, 2015 the company owned 46 hotels, comprising 12,639 rooms, across 19 states and the District of Columbia, and had a majority interest in two hotels under development.

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) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, 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 ONE Group 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/A filed on April 1, 2015. 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150720005186/en/

Media Contact:
Sloane & Company
Dan Zacchei or Kate Traynor, 212-486-9500
or
Investor Contact:
ICR
Don Duffy or Michelle Epstein, 203-682-8200

Source: The ONE Group Hospitality, Inc.

Released July 20, 2015