McMenamins

Last updated
McMenamins
Company type Private
Industry Hospitality, Microbrewery
Founded1983
Headquarters,
USA
Number of locations
63 https://www.mcmenamins.com/find-us
Area served
Western Oregon, Central Oregon, and Washington
ProductsBeers, Wines, Cider, Distilled spirits, Coffee
Revenue$180 million (estimated as of 2017)
OwnerMike, Robert and Brian McMenamin (founders and majority owners [1] )
Number of employees
3,528 (as of 2018)
Website www.mcmenamins.com
Crystal Hotel Crystal Hotel from NE - Portland, Oregon (2017).jpg
Crystal Hotel
Edgefield Multnomah County Poor Farm - Troutdale Oregon.jpg
Edgefield
Mission Theater Mission Theater, Portland.jpg
Mission Theater

McMenamins is a family-owned chain of brewpubs, breweries, music venues, historic hotels, and theater pubs in Oregon and Washington. Many of their locations are in rehabilitated historical properties; at least nine are on the National Register of Historic Places. According to the Brewers Association, McMenamins is one of the top 50 largest craft breweries in the United States. [2]

Contents

History

McMenamins was founded by brothers Mike and Brian McMenamin, who grew up in northeast Portland, Oregon. [1] They trace the beginning of McMenamins to the 1974 opening of Produce Row Café. [1]

In 1985, McMenamins opened Oregon's first brewpub in the Southwest Portland neighborhood of Hillsdale. [3] Their first theater pub was the Mission Theater & Pub (1987). [4] [ citation needed ] The company then entered the broader hospitality business starting in 1990, when they converted a 74-acre site (that at one time served as the Multnomah County Poor Farm) into McMenamins Edgefield. [ citation needed ] By 1997, food accounted for over half of McMenamins' total sales. [5] The company opened its 55th location in April 2018. [6]

First outside investment

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. [7] 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% annual cumulative dividend and a 6.5% overall return. [8]

The decision to open McMenamins to outside investors was in-part driven by impacts from COVID-19 with total revenue for McMenamins down 50% in the first 5 months of 2020. [9]

Locations

Individually notable locations include:

Related Research Articles

<span class="mw-page-title-main">Troutdale, Oregon</span> City in Oregon, United States

Troutdale is a city in Multnomah County, Oregon, United States, immediately north of Gresham and east of Wood Village. As of the 2020 census, the city population was 16,300. The city serves as the western gateway to the Historic Columbia River Highway, the Mount Hood Scenic Byway, and the Columbia River Gorge. It is approximately 12 miles (19 km) east of Portland and is part of the Portland, Oregon metropolitan area.

<span class="mw-page-title-main">Craft beer</span> Brewery that produces small amounts of beer

Craft beer is beer manufactured by craft breweries, which typically produce smaller amounts of beer than larger "macro" breweries and are often independently owned. Such breweries are generally perceived and marketed as emphasising enthusiasm, new flavours, and varied brewing techniques.

<span class="mw-page-title-main">Brewing in Oregon</span>

The U.S. state of Oregon is home to more than 200 breweries and brew pubs that produce a large variety of beer.

<span class="mw-page-title-main">Kennedy School</span> Historic building in Portland, Oregon, U.S.

The Kennedy School, originally the John D. Kennedy Elementary School, is a former elementary school that has been converted to a hotel, movie theater and dining establishment in northeast Portland, Oregon. The facility is operated by the McMenamins chain. The hotel has 35 guestrooms, a brewery, four bars, and a restaurant.

<span class="mw-page-title-main">John Hicklin Hall</span> American politician

John Hicklin Hall was a politician and attorney in the U.S. state of Oregon. A native of the Portland area, he served in the Oregon House of Representatives in the early 1890s before appointment as the United States District Attorney for Oregon. As the federal prosecutor, he became involved in the Oregon land fraud scandal, in which several high-profile public officials conspired to defraud the government in acquiring land for a private entity. Hall was convicted, but subsequently pardoned, for failing to prosecute some of the participants.

<span class="mw-page-title-main">Gritty McDuff's Brewing Company</span>

Gritty McDuff's Brewing Company, commonly contracted to Gritty's, is a brewery, with locations in Portland, Freeport, and Auburn, Maine, US.

<span class="mw-page-title-main">Hillsdale, Portland, Oregon</span> Neighborhood in Portland, Oregon, United States

The Hillsdale district is a neighborhood in the southwest section of Portland, Oregon, United States. It is centered on the Hillsdale retail and business area, a series of strip malls on SW Capitol Highway between SW Sunset Boulevard and SW Bertha Boulevard. It is home to the Hillsdale Farmer's Market, which takes place on Sundays during the summer and every other Sunday during the winter. Hillsdale is also home to Oregon's first brewpub, with the opening of McMenamins Hillsdale Brewery in 1985.

<span class="mw-page-title-main">Olympic Club Hotel</span> NRHP-listed site in Centralia, Washington

The Olympic Club Hotel, also known as McMenamins Olympic Club, is a historic hotel owned by McMenamins Pubs & Breweries in Centralia, Washington, United States and is listed on the National Register of Historic Places (NRHP).

<span class="mw-page-title-main">Bagdad Theatre</span> Historic theatre in Portland, Oregon, U.S.

The Bagdad Theatre is a movie theater in the Hawthorne District of Portland, Oregon, United States. It originally opened in 1927 and was the site of the gala premiere of One Flew Over the Cuckoo's Nest in 1975, and of My Own Private Idaho in 1991.

<span class="mw-page-title-main">Imbrie Farm</span> Historic house in Oregon, United States

Imbrie Farm is an Italian Villa style home in Hillsboro, Oregon. It was built by Robert Imbrie and was a working farm for over a century. It was added to the National Register of Historic Places in 1977.

<span class="mw-page-title-main">Crystal Ballroom (Portland, Oregon)</span> Historic building in Portland, Oregon, U.S.

Crystal Ballroom, originally built as Cotillion Hall, is a historic building on Burnside Street in Portland, Oregon, United States. Cotillion Hall was built in 1914 as a ballroom, and dance revivals were held there through the Great Depression. Starting in the 1960s, the hall has also been host to many popular pop, rock, folk, blues and jazz artists, as well as beat poetry and other entertainment.

Brian McMenamin is an American businessman in the state of Oregon. A native of the state, he and his older brother Mike McMenamin founded the McMenamins restaurant and brewpub chain in 1983. He serves as general manager and vice-president of the company which operates more than 50 locations that include music venues such as the Crystal Ballroom, movie theaters such as the Bagdad Theatre, historic buildings converted to brewpubs like the Cornelius Pass Roadhouse, and several hotels.

<span class="mw-page-title-main">Multnomah County Poor Farm</span> United States historic place

The Multnomah County Poor Farm is a former poor farm located in Troutdale, Oregon, United States. Established in 1911, the building and its surrounding grounds operated as a poor farm housing the ill and indigent populations in the Portland metropolitan area at the beginning of the twentieth century, after the closure of a poor farm in the city's West Hills. Over the course of the century, the farm would come to be used as a nursing home before becoming abandoned in the 1980s.

<span class="mw-page-title-main">Mission Theater and Pub</span> Movie theater and pub in Portland, Oregon, United States

The Mission Theater and Pub is a movie theater and pub located in the northwest Portland, Oregon. Formerly a Swedish church and union hall, the theater was re-opened as a McMenamins establishment in 1987. The theater was known for featuring second-run films, until 2019 when a first-run operation was implemented, and for serving beer, wine, and food.

<span class="mw-page-title-main">Crystal Hotel (Portland, Oregon)</span> Historic building in Portland, Oregon, U.S.

The Crystal Hotel is a hotel located in downtown Portland, Oregon. Originally named the Hotel Alma, the building is listed on the National Register of Historic Places. The property is operated by McMenamins.

<span class="mw-page-title-main">Tomorrow Theater</span> Theater in Portland, Oregon, U.S.

Tomorrow Theater is a movie theater and multimedia space in Portland, Oregon, United States. It is operated by PAM CUT // Center for an Untold Tomorrow, the film and new media center of the Portland Art Museum.

<span class="mw-page-title-main">Horse Brass Pub</span> Pub in Portland, Oregon, U.S.

Horse Brass Pub is a British-style pub in Portland, Oregon, in the United States. Established in 1976, the bar and restaurant serves British cuisine and has approximately 50 beers on tap.

<span class="mw-page-title-main">Lucky Labrador Brewing Company</span> Brewery in Portland, Oregon, U.S.

Lucky Labrador Brewing Company, often referred to as Lucky Lab, is a brewery based in Portland, Oregon, United States. The business was established in 1994. Gary Geist is a co-owner. The brewery became the first in Oregon to use solar power for brewing.

<span class="mw-page-title-main">Steeplejack Brewing Company</span> Brewery in the U.S. state of Oregon

Steeplejack Brewing Company is a brewery with three locations in the U.S. state of Oregon. The business operates in Portland and Hillsboro, and has announced plans to expand to Manzanita.

References

  1. 1 2 3 Over One Million Served Archived 2003-12-27 at the Wayback Machine , a May 13, 1998 article in Willamette Week
  2. Oregon places 4 breweries on list of nation's 50 biggest beermakers, from an April 14, 2009 article from the Portland Business Journal
  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, a January 1997 article from the Portland Business Journal
  6. Hale, Jamie (April 21, 2018) [online date April 19]. "McMenamins opens at Kalama Harbor, its 55th location". The Oregonian . p. B10. Retrieved 2018-04-25.
  7. "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. Retrieved 2023-06-05.
  8. Romeo, Peter (2020-05-20). "McMenamins looks for $20M equity infusion". restaurantbusinessonline.com. Retrieved 2023-06-05.
  9. Gusinow, Sander (2020-06-05). "McMenamins Grows the Family". oregonbusiness.com. Retrieved 2023-06-05.