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NOTTINGHAM - Conygar Investment Company PLC has entered into a 10-year management agreement with Rhubarb Hospitality Collection (RHC) to operate food, beverage and events services at The Island Quarter development in Nottingham, according to a press release statement issued Friday.
Under the agreement, RHC will be compensated through a revenue share arrangement that is expected to be cashflow neutral initially. The company anticipates potential cost savings through RHC’s procurement capabilities.
The partnership allows for expansion to include additional venues at The Island Quarter site in the future.
"We are delighted to have attracted such a high-quality international operator to The Island Quarter," said Christopher Ware, Managing Director of Conygar.
PB Jacobse, Rhubarb CEO, stated that the company looks forward to "bringing fresh energy and innovative concepts that will enhance the visitor experience" at the Nottingham development.
Rhubarb Hospitality Collection operates premium hospitality services across multiple international locations including London, New York City, The Hamptons and Berlin. The company manages restaurants and bars at notable venues such as London’s Sky Garden, 22 Bishopsgate and The Royal Albert Hall, as well as Hudson Yards in New York and Frederick’s in Berlin.
The hospitality group was acquired by Oak View Group, a global development and investment company focused on sports, live entertainment and convention industries, in June 2023.
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