McMenamins

Last updated
McMenamins
Company type Private
Industry Hospitality, Microbrewery
Founded1983
Headquarters
Portland, Oregon
,
U.S.
Number of locations
~56 [1]  (2025)
Area served
 Oregon, Washington
OwnerMike, Robert and Brian McMenamin (founders and majority owners [2] )
Number of employees
2,700 (2022)
Website www.mcmenamins.com
Edgefield Multnomah County Poor Farm - Troutdale Oregon.jpg
Edgefield

McMenamins is a family-owned chain of brewpubs, breweries, music venues, historic hotels, and theater pubs in the U.S. states of Oregon and Washington. Many of their locations are in rehabilitated historical properties; several are listed on the National Register of Historic Places.

Contents

History

McMenamins was founded by brothers Mike and Brian McMenamin, who were raised in northeast Portland. [2] They trace the beginning of McMenamins to the 1974 opening of Produce Row Café. [2] In 1985, McMenamins opened Oregon's first brewpub in southwest Portland's Hillsdale neighborhood. [3] Their first theater pub was the Mission Theater & Pub (1987). [4] By 1997, food accounted for over half of McMenamins' total sales. [5]

Approximately 3,000 staff were laid off upon the arrival of the COVID-19 pandemic. [6] [7] [8] While still primarily family-owned, in May 2020 McMenamins began raising $20 million from private investors in a Preferred Stock Offering to retire short-term debt as a result of COVID-19 shutdowns, to fund "secret projects" and to enable future expansion. This was the first time the company had opened direct investment in McMenamins, Inc. to those outside the McMenamin family. [9] The private equity offering conferred preferred shares at $100,000 each in private placements to 150 to 200 high-income individuals. The shares do not carry voting rights for their holders but McMenamins indicated that investors could expect a 3 percent annual cumulative dividend and a 6.5 percent overall return. [10] The decision to open McMenamins to outside investors was in-part driven by impacts from COVID-19 with total revenue for McMenamins down 50 percent in the first 5 months of 2020. [11]

McMenamins was the victim of a ransomware attack in 2021. [12] In 2022, McMenamins had 62 hotels, theaters, and eateries in Oregon and Washington, as well as approximately 2,700 employees. [13] The business was valued at approximately $180 million in 2024. [14]

Notable establishments and properties

Oregon

Crystal Hotel Crystal Hotel from NE - Portland, Oregon (2017).jpg
Crystal Hotel

McMenamins establishments in Portland include Back Stage Bar, [15] Bagdad Theatre, Crystall Ballroom, [16] the Crystal Hotel, [17] Kennedy School, [18] Lola's Room, [19] Mission Theater and Pub, [20] and Rams Head Pub. [21] The business also operates in the National Cash Register Building in the St. Johns neighborhood.

McMenamins operates at Imbrie Farm in Hillsboro and in the Boon Brick Store in Salem. The Grand Lodge Hotel and Hotel Oregon operate in Forest Grove and McMinnville, respectively. Edgefield operates at the Multnomah County Poor Farm in Troutdale. McMenamins also operates the Old St. Francis School in Bend. [22]

Washington

In Washington, McMenamins operates in the Anderson School in Bothell, [23] the Olympic Club Hotel in Centralia, [24] and the Elks Temple in Tacoma. [25]

References

  1. ↑ "McMenamins to close Northwest Portland pub". kgw.com. 2025-02-18. Retrieved 2025-02-23.
  2. 1 2 3 Over One Million Served Archived 2003-12-27 at the Wayback Machine , a May 13, 1998 article in Willamette Week
  3. ↑ "Portland breweries". Travel Portland . 2013-06-20. Retrieved 2019-02-18.
  4. ↑ Mohan, Marc (2014-06-07). "First look: McMenamins Mission Theater re-opens after renovations, focuses on second-run movie screenings". oregonlive.com. Retrieved 2019-02-18.
  5. ↑ Crystal ball forecasts McMenamins' future Archived 2002-07-14 at the Wayback Machine , a January 1997 article from the Portland Business Journal
  6. ↑ "McMenamins lays off 3000, closes Oregon and Wash. locations due to coronavirus". KATU. 2020-03-17. Archived from the original on 2020-12-02. Retrieved 2025-02-25.
  7. ↑ Jackson-Glidden, Brooke (2020-03-17). "Pacific Northwestern Hotel and Restaurant Chain McMenamins Lays Off Thousands of Employees in Response to COVID-19 Pandemic". Eater Portland. Archived from the original on 2023-10-02. Retrieved 2025-02-25.
  8. ↑ Rogoway, Mike (2020-03-17). "McMenamins will lay off 'almost everyone' amid coronavirus outbreak". The Oregonian. Archived from the original on 2024-10-01. Retrieved 2025-02-25.
  9. ↑ "McMenamins Seeks $20 Million from Private Investors to Help Keep the Music Playing, Beer Flowing and "Secret Projects" Coming for Years to Come". apnews.com. 2020-05-19. Archived from the original on 2023-06-05. Retrieved 2023-06-05.
  10. ↑ Romeo, Peter (2020-05-20). "McMenamins looks for $20M equity infusion". restaurantbusinessonline.com. Retrieved 2023-06-05.
  11. ↑ Gusinow, Sander (2020-06-05). "McMenamins Grows the Family". oregonbusiness.com. Retrieved 2023-06-05.
  12. ↑ Gusinow, Sander (2022-02-15). "McMenamins Faces Class Action Suit Over Data Breach". Oregon Business. Archived from the original on 2024-10-02. Retrieved 2025-02-25.
  13. ↑ Rogoway, Mike (2022-01-04). "McMenamins ransomware attack breached employee records going back 23 years". The Oregonian. Archived from the original on 2024-06-23. Retrieved 2025-02-25.
  14. ↑ "U.S. Department of Labor Says McMenamins Unlawfully Required Servers to Give Managers Portion of Tips". Willamette Week. 2024-01-30. Archived from the original on 2025-01-31. Retrieved 2025-02-25.
  15. ↑ Hewitt, Lyndsey (2017-10-23). "McMENAMINS ARTIFACTS TAP INTO HISTORY". PortlandTribune.com. Retrieved 2025-02-25.
  16. ↑ "McMenamins Buys Long-Vacant Taft Home in Portland's West End". Willamette Week. 2024-08-02. Archived from the original on 2024-09-19. Retrieved 2025-02-25.
  17. ↑ "McMenamins Zeus Café Has a New Name to Honor a Beloved Employee". Willamette Week. 2023-06-22. Archived from the original on 2023-09-09. Retrieved 2025-02-25.
  18. ↑ Major, Cynthia (2016-10-26). "This Portland Elementary School-Turned-Restaurant Is Haunted By an Undead Boy". VICE. Retrieved 2025-02-25.
  19. ↑ "Every McMenamins in Portland, Oregon, and Its Suburbs Ranked". Portland Monthly. Archived from the original on 2024-12-17. Retrieved 2025-02-25.
  20. ↑ "McMenamins Mission Theater Has Become a Staple in the All-Ages Rock Scene". Willamette Week. 2024-07-24. Archived from the original on 2025-02-22. Retrieved 2025-02-25.
  21. ↑ Bicchieri, Paolo (2025-02-18). "A Truly Iconic McMenamins Portland Pub and Restaurant Is Closing". Eater Portland. Retrieved 2025-02-25.
  22. ↑ ABERNATHY, JON (2024-11-04). "Cheers to 20 years of McMenamins Old St. Francis School in Bend". The Bulletin. Retrieved 2025-02-25.
  23. ↑ "McMenamins Anderson School grand opening is Thursday". The Seattle Times. 2015-10-12. Archived from the original on 2025-01-26. Retrieved 2025-02-25.
  24. ↑ House, Kelly (2012-06-08). "Rediscovering McMenamins: Olympic Club". The Oregonian. Retrieved 2025-02-25.
  25. ↑ Crook, Malia Karlinsky & Elizabeth (2019-04-23). "Inside Tacoma's historic Elks Lodge, now a McMenamins complex". Seattle Refined. Archived from the original on 2019-10-03. Retrieved 2025-02-25.
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