Seaport Entertainment Group Provides Corporate Update
08 1월 2025 - 6:15AM
Business Wire
Seaport Entertainment Group Inc. (NYSE American: SEG) (“Seaport
Entertainment Group,” “SEG” or the “Company”) today provided an
update on recent corporate activities:
- Entered into an interim license agreement and long-term lease
with Tulum based Grupo Gitano to open its first permanent,
year-round New York dining and nightlife experience, GITANO NYC, in
13,605 square feet at Pier 17.
- Hired and onboarded employees of Creative Culinary Management
Company LLC (“CCMC”), an indirect wholly owned subsidiary of
Jean-Georges Restaurants, and entered into a shared services
agreement with CCMC as the Company’s initial step to internalize
food and beverage operations at most of its wholly owned and joint
venture-owned restaurants at the Seaport.
“We are thrilled to introduce Grupo Gitano’s highly anticipated,
exclusive-to-New York City, GITANO NYC to Pier 17,” said Anton
Nikodemus, Chairman, President, and Chief Executive Officer of
Seaport Entertainment Group. “With its signature blend of
Bohemian-inspired design, nightlife, and modern Mexican cuisine,
GITANO NYC is an outstanding addition to our collection of
world-class waterfront restaurants, offering stunning views of the
Brooklyn Bridge and the New York City skyline.”
“We are also excited to take a significant step forward in our
journey to internalize food and beverage operations across many of
our restaurants at the Seaport,” continued Mr. Nikodemus. “By
hiring the CCMC hospitality team and collaborating with our
partners at Jean-Georges Restaurants, we are establishing a strong
foundation to streamline operations, enhance scalability, and drive
efficiency. This strategic initiative positions us to strengthen
our hospitality offerings and achieve sustainable, long-term growth
through greater operational control.”
About Seaport Entertainment Group
Seaport Entertainment Group (NYSE American: SEG) is a premier
entertainment and hospitality company formed to own, operate, and
develop a unique collection of assets positioned at the
intersection of entertainment and real estate. Seaport
Entertainment Group’s focus is to deliver unparalleled experiences
through a combination of restaurant, entertainment, sports, retail
and hospitality offerings integrated into one-of-a-kind real estate
that redefine entertainment and hospitality. For more information,
please visit www.seaportentertainment.com.
Safe Harbor and Forward-Looking Statements
This press release includes forward-looking statements within
the meaning of the federal securities laws. Such forward-looking
statements include, but are not limited to, statements concerning
the Company’s plans, goals, objectives, outlook, expectations, and
intentions. Forward-looking statements are based on the Company’s
current expectations and involve risks and uncertainties that could
cause actual results to differ materially from those expressed or
implied in such forward-looking statements. Factors that could
cause the Company’s results to differ materially from current
expectations include, but are not limited to: risks related to our
recent separation from, and relationship with, Howard Hughes; risks
related to macroeconomic conditions; changes in discretionary
consumer spending patterns or consumer tastes or preferences; risks
associated with the Company’s investments in real estate assets and
trends in the real estate industry; the Company’s ability to obtain
operating and development capital on favorable terms, or at all;
the availability of debt and equity capital; the Company’s ability
to renew its leases or re-lease available space; the Company’s
ability to compete effectively; the Company’s ability to
successfully identify, acquire, develop, and manage properties on
terms that are favorable to it; the impact of uncertainty around,
and disruptions to, the Company’s supply chain; risks related to
the concentration of the Company’s properties in Manhattan and the
Las Vegas area; extreme weather conditions or climate change that
may cause property damage or interrupt business; the impact of
water and electricity shortages on the Company’s business; the
contamination of the Company’s properties by hazardous or toxic
substances; catastrophic events or geopolitical conditions that may
disrupt the Company’s business; actual or threatened terrorist
activity and other acts of violence, or the perception of a
heightened threat of such events; losses that are not insured or
that excess the applicable insurance limits; risks related to the
disruption or failure of information technology networks and
related systems – both ours and those operated and managed by third
parties; the Company’s ability to attract and retain key personnel;
the Company’s inability to control certain properties due to the
joint ownership of such property and inability to successfully
attract desirable strategic partners, including joint venture
partners; the significant influence Pershing Square has over the
Company; and the other factors detailed in the Company’s filings
with the Securities and Exchange Commission (the “SEC”).
Forward-looking statements speak only as of the date of this press
release. The Company is under no obligation to publicly update or
revise and forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
applicable law.
Availability of Information on SEG’s Website and Social Media
Channels
Investors and others should note that SEG routinely announces
material information to investors and the marketplace using SEC
filings, press releases, public conference calls, webcasts and the
SEG Investor Relations website. The Company uses these channels as
well as social media channels (e.g., LinkedIn
www.linkedin.com/company/new-york-seaportentertainment) as a means
of disclosing information about the Company's business to our
customers, employees, investors, and the public. While not all of
the information that the Company posts to the SEG Investor
Relations website or on the Company's social media channels is of a
material nature, some information could be deemed to be material.
Accordingly, the Company encourages investors, the media, and
others interested in SEG to review the information that it shares
through its website and on the Company's social media channels.
Users may automatically receive email alerts and other information
about the Company when enrolling an email address by visiting
"Email Alerts" in the "Resources" section of the SEG Investor
Relations website at
https://ir.seaportentertainment.com/resources/email-alerts. The
contents of these websites are not incorporated by reference into
this press release or any report or document SEG files with the
SEC, and any references to the websites are intended to be inactive
textual references only.
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version on businesswire.com: https://www.businesswire.com/news/home/20250107999329/en/
Investor Relations: Seaport Entertainment Group Inc. T: (212)
732-8257 ir@seaportentertainment.com
Media Relations: The Door theseaport@thedooronline.com
Seaport Entertainment (AMEX:SEG)
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Seaport Entertainment (AMEX:SEG)
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