August 22, 2016
HMSHost Acquires Airport Restaurants of Concession Management Services
HMSHost and CMS finalize transaction; HMSHost to transition restaurant operations at Los Angeles and Las Vegas airports
BETHESDA, MD – HMSHost, a part of Autogrill Group, announced today that it has finalized the acquisition of the airport restaurant assets of concessionaire Concession Management Services, Inc. (CMS). HMSHost will transition the operations of 16 dining locations at Los Angeles International Airport (LAX) and McCarran International Airport (Las Vegas), effective August 20, 2016. The restaurant operations are projected to generate nearly $50 million in sales for 2016. The transaction aligns with HMSHost’s goal to continue strengthening its position as the leader of food & beverage services in airports throughout North America.
HMSHost, which already operates food & beverage locations in LAX and Las Vegas airports, will now transition the operations of 12 restaurants at LAX and four restaurants in Las Vegas from CMS. The restaurants at LAX include Panda Express, two locations of Marmalade Café, Rolling Stone Bar, Loteria Grill, BLD (Breakfast Lunch Dinner), and Wolfgang Puck. The restaurants at Las Vegas include Einstein Bros. Bagels, 360 Gourmet Burritos, Baja Fresh, and Carl’s Jr.
Further details can be found in this previous press release.
Global restaurateur HMSHost is a world leader in creating dining for travel venues. HMSHost operates in more than 120 airports around the globe, including 44 of the 50 busiest airports in North America. The Company has annual sales in excess of $2.8 billion and employs more than 37,000 sales associates worldwide. HMSHost is a part of Autogrill Group, the world’s leading provider of food & beverage services for people on the move. With sales of around €4.3 billion in 2015, the Group operates in 31 countries and employs over 57,000 people. It manages approximately 4,200 stores in over 1,000 locations worldwide. Visit www.HMSHost.com for more information. We can also be found on Facebook at fb.com/HMSHost and on Twitter at @HMSHost.