Agon Hospitality, the food and beverage and lifestyle investment branch of Agon Capital, is celebrating its fifth anniversary this October. Since its establishment in 2019, the group has transformed from a small startup into a burgeoning hospitality powerhouse, now generating over AED 100 million in annual revenue and contributing more than 20% to the overall portfolio of Agon Capital. This figure is projected to increase to 50% by 2028, as the group aims for regional expansions in the Maldives and GCC.
Brands such as Coterie, BCH:CLB, and GITANO Dubai have become synonymous with Agon Hospitality's successful model that focuses on creating experience-driven venues that serve both lifestyle and commercial interests. Despite the challenges presented by a competitive F&B market, Agon Hospitality has consistently surpassed growth expectations due to its strategic investment, innovative programming, and sensitivity to local culture.
Coterie has demonstrated remarkable consistency, recording a 10% year-on-year growth for three straight years, even without significant global events. BCH:CLB has also shown impressive performance with over 30% revenue growth in the past year, driven by a robust program of international DJs and increased customer engagement.
“We’re incredibly proud of what the team has built in just five years,” said Ryan Hattingh, Group CEO of Agon Capital. “Hospitality isn’t just about dining or décor anymore, it’s about identity, relevance, and return. Every concept we back is designed to deliver on all three. We believe the next wave of investment success in the region will be defined not by square footage, but by how well a space connects emotionally, culturally, and economically. That’s the ethos we’ve championed from day one.”
Looking to the future, Agon Hospitality is committed to enhancing its role within Agon Capital's operations, reflecting an increasing emphasis on hospitality and experiential assets. The group's development aligns with a broader trend in the UAE, where hospitality and lifestyle segments are recognized not merely as supplementary investments, but as vital drivers of cultural and economic value.
For further information, please contact Agon Hospitality at:
Website: https://www.agoncapital.com/
