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NEW YORK - Seaport Entertainment Group (NYSE:SEG) and Carver Road Hospitality announced plans to open a Flanker Kitchen + Sports Bar at New York City's Seaport district in Fall 2026. The 14,000-square-foot venue will serve as the East Coast flagship for the brand. SEG, currently valued at $305.57 million, is showing strong revenue growth of 42% over the last twelve months despite trading above its InvestingPro Fair Value. The company is expected to announce its latest quarterly results on November 10.
The two-level establishment at Pier 17 will feature the main Flanker concept on the ground floor, offering sports viewing, dining, and cocktails. The second floor will house The Hidden Boot Saloon, featuring three country bars, line dancing, and a mechanical bull.
"There is nowhere like New York, a city that truly sets the standard for food and entertainment and has always been part of our long-term vision for Flanker," said Sean Christie, Founder and CEO of Carver Road Hospitality.
The New York location follows Flanker's expansion across multiple markets, including Salt Lake City (2021), State Farm Stadium in Glendale, Arizona, and Mandalay Bay in Las Vegas (2023). The Las Vegas location has established partnerships with the UFC and Las Vegas Raiders.
"We look forward to Flanker's opening as a standout addition to the downtown community that will further energize the waterfront," said Matt Partridge, President and CEO of Seaport Entertainment Group.
The venue, designed by The Design Agency, will include dedicated areas for private events and feature views of the East River. The announcement comes as the Seaport district continues to develop as a dining and entertainment destination in lower Manhattan.
According to the press release statement, the new location aims to combine elevated American dining, cocktails, and a social atmosphere similar to its existing venues in other markets.
In other recent news, Seaport Entertainment reported strong financial results for the second quarter of 2025. The company achieved consolidated revenues of $39.8 million, reflecting a 1% year-over-year increase. Notably, the entertainment segment experienced a 16% rise in revenue and a 122% increase in operating EBITDA. Although there was a decline in hospitality revenues, Seaport Entertainment's total operating EBITDA surged by 95% compared to the same period in 2024. In another development, Jones Trading has initiated coverage on Seaport Entertainment with a Buy rating and set a price target of $27.50. The research firm highlighted the company's unique portfolio of high-quality assets in key locations like New York City's Seaport District and Las Vegas. These recent developments offer insights into the company's current performance and market perception.
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