The adjacent bar and after-hours club add to the downtown party-club vibe, so you’ll want to dress to impress. New York, N.Y., ApTao Group Hospitality and Hakkasan Group announced today that Tao Group Hospitality has acquired Hakkasan Group, creating a premium hospitality powerhouse that includes a global portfolio of brands and properties with significant potential for future growth. Bio Strategic Group owners, Noah Tepperberg and Jason Strauss, joined forces with TAO Group founders, Mark Packer and Rich Wolf, to open some of the most famous nightclubs and. A smaller wine list includes American and European options. Tao Group owns restaurants and nightclubs in New York. Saké is the featured beverage with several flight configurations. Sources say company working with Moelis & Co in deal that could value Tao at up to 500 million. Servers are knowledgeable and encourage experimentation with some of the restaurant’s more unusual offerings, found only at the downtown outpost and available as specials. Desserts are dramatic as well – the oversized white chocolate fortune cookie stuffed with chocolate mousse and accompanied by smaller cookies filled with messages with provocative double entendre meanings is a prime example – as are cocktails. For more information please fill out the form below or call: 212.339.3097 for groups of 26 or. Delivery & Pickup Options - 73 reviews of Tao 'This is probably the best Japanese/ Chinease food Ive had in many years. Capacity for events from 15ppl to 1,500ppl. Likes: Fun, theatrical dining experience.ĭislikes: Can be difficult to get a reservation and almost impossible to get terrace seating.įood & Drinks: The menu is exciting pan-Asian cuisine with dramatic presentations of dishes, like lobster three ways, Wagyu beef and Chinese Five Spice short ribs, along with an extensive selection of sushi, dim sum and small plates. TAO Downtown’s 30,000 square feet of David Rockwell designed space includes a 320 seat dining room, 2 semi-private skyboxes, an expansive bar area and a completely separate Lounge with its own entrance. At the far end is the 24-arm Quan Yin statue which seems to beckon you to enjoy the experience. TAO Downtown is a two-story, 22,000-square-foot restaurant, bar and lounge in the former ballroom spaces of New Yorks Maritime Hotel. After entering through heavy doors with lion doorknockers and going down a long corridor flanked by cocktail spaces and overhanging private dining rooms, guests arrive at a set of stairs descending to seating terraces, nooks, and a grand dining floor. Nightclub veterans in the city including Tao Group and the Butter Group are shuttering locations and paring down operations amid the ongoing pandemic, the New York Post reports. The creators of TAO Asian Bistro have brought the renowned New York hotspot and celebrity hangout to The Venetian. Here, David Rockwell has designed a space that’s as much theater as it is a dining room. Manhattan’s downtown TAO is no exception. The deal is expected to close in May, subject to customary closing conditions.About the restaurant & décor: TAO restaurants are known for their immense menus, room size and over-the-top décor. Billionaire James Dolan is looking to sell the hospitality titan behind restaurants and nightclubs all over the world, as reported by the New York Post. "We are excited to build this partnership to scale our companies together."Īs a part of the transaction, Tao will enter into a multi-year agreement with MSG Entertainment for ongoing consulting, marketing, and support services at Madison Square Garden and Sphere in Las Vegas. "Mohari's shared vision, coupled with the strength of its portfolio and leadership, make it an ideal partner as we look at the next chapter for Tao Group," said Tepperberg. Mohari, which owns the Ritz-Carlton Yacht Collection, has bought MSG's majority share while Tao founders Noah Tepperberg and Jason Strauss will maintain their stake in the business. Founded, 2005 Address, 39 E 58th St (at Madison Ave), New York City, New York 10022, US Phone, (212) 750-5588 Category, Hospitality, Restaurants, Food and. It was previously owned by Madison Square Garden Entertainment Corp (MSG), which owns New York's Madison Square Garden. Tao's London portfolio includes the Michelin-starred Hakkasan Hanway Place and Hakkasan Mayfair, as well as dim sum restaurants Yauatcha City and Yauatcha Soho. Scheinberg, who founded PokerStars in 2001, said the deal would create a "global platform" to "expand on the company's "ambition in the hospitality space". Tao Group, which bought Hakkasan in 2021, has been acquired by Scheinberg's Mohari Hospitality group. The owner of London's Michelin-starred Hakkasan restaurants has been sold to an investment firm owned by online poker billionaire Mark Scheinberg for $550m (£441m).
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