ONE Group Acquires the Nightclub and Beach Club at the New Tropicana Las Vegas

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. March 12, 2012

March 9, 2012 - The ONE Group, the New York-based hospitality company known for its high-energy dining venues, announces today the acquisition of the nightclub and beach club at the New Tropicana Las Vegas. The ONE Group (One, STK, Asellina) and partners Remi Laba and Aymeric Clemente of Bagatelle America (New York and Los Angeles) will introduce to Las Vegas the original Bagatelle Champagne party brunch—made famous in New York's Meatpacking District—with a new day and night club resort experience. The transition of the property will be effective April 1, 2012, with renovation of the beach club set for late spring and the nightclub following shortly thereafter.

"We are thrilled to bring the excitement of the Bagatelle lifestyle to Las Vegas following our recent successful openings in Los Angeles and St. Barth's," says Remi Laba and Aymeric Clemente, partners in Bagatelle America.

Bagatelle, an experience touted by the New York Times as "never too early for a party," is the originator of the "party brunch" with Champagne-fueled afternoons of a European flair. In Las Vegas, the daytime Bagatelle Beach experience will be enhanced into a full dayclub, offering Mediterraean dining, daybeds for lounging and beachside activities. Come nightfall, Bagatelle Beach will offer poolside dining with access to the new full-service indoor nightclub.

"Following the successful opening of STK at The Cosmopolitan, we are extremely excited to expand our footprint here in Las Vegas with Bagatelle," says Jonathan Segal, CEO of The ONE Group.

"We are eager to have such a well-known and respected brand as Bagatelle working alongside the New Tropicana Las Vegas," said Tom Recine, Vice President of Food & Beverage at the New Tropicana Las Vegas.

About The ONE Group
The ONE Group is a high-end hospitality company that develops, manages and operates a portfolio of high-energy restaurants, lounges and bars. The company also operates a turn-key food and beverage program for hotels and resorts. The company was established with the vision of becoming a market leader in the hospitality industry by melding service, ambiance and cuisine into one great experience. By applying over 45 years of experience from its affiliated hospitality company, U.K.-based The Modern Group, The ONE Group continues to expand its concepts into major U.S. markets. Since introducing its first venue in January 2004, The ONE Group has opened more than two dozen hospitality venues, and currently operates or is partnered with brands in 24 venues and multiple hotel services contracts. The company will launch its first international operation in 2012. Corporate brands include One, STK and Asellina. Partner brands include Bagatelle, Tenjune, as well as Gansevoort Park Rooftop and The Rooftop at The Perry South Beach. For more information about The ONE Group please visit:
www.togrp.com;
www.twitter.com/TheONEGroupUS;
www.facebook.com/TheONEGroupUS

About Bagatelle America
Created by hospitality entrepreneurs Remi Laba and Aymeric Clemente, Bagatelle America is a partnership with The ONE Group with current U.S. operations in Los Angeles. Additional outposts are slated for Las Vegas, Miami and the much-anticipated re-opening and of the Bagatelle flagship in New York City. For more information on Bagatelle visit: www.bistrotbagatelle.com; www.twitter.com/BagatelleLA; www.twitter.com/BagatelleNYC; www.facebook.com/BagatelleLA; www.facebook.com/BagatelleNYC.