Company type | Private |
---|---|
Industry | Hospitality, Microbrewery |
Founded | 1983 |
Headquarters | , USA |
Number of locations | 63 https://www.mcmenamins.com/find-us |
Area served | Western Oregon, Central Oregon, and Washington |
Products | Beers, Wines, Cider, Distilled spirits, Coffee |
Revenue | $180 million (estimated as of 2017) |
Owner | Mike, Robert and Brian McMenamin (founders and majority owners [1] ) |
Number of employees | 3,528 (as of 2018) |
Website | www |
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]
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]
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]
Craft beer is a beer that has been made 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.
The U.S. state of Oregon is home to more than 200 breweries and brew pubs that produce a large variety of beer.
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.
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.
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The Olympic Club Hotel is a historic hotel owned by McMenamins Pubs & Breweries in Centralia, Washington, United States. Built in 1908, it was originally known as the Oxford Hotel. After acquiring the property in 1997, McMenamins changed the name to reflect the new ownership. The hotel features 27 European-style guest rooms and a brewpub movie theater.
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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.
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