Asset Manager

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Hojeij Branded Foods

Hojeij Branded Foods operates as a specialized airport concessions aggregator, packaging well-known restaurant brands alongside proprietary concepts for...

Hojeij Branded Foods

Hojeij Branded Foods operates as a specialized airport concessions aggregator, packaging well-known restaurant brands alongside proprietary concepts for placement in major U.S. and international airport terminals. The firm functions not as a typical restaurant group but as a master concessionaire — it secures long-term contracts with airport authorities, then designs, builds, and operates multi-brand dining programs within secured zones. The asset class is effectively specialized hospitality infrastructure in transit hubs, where demand is semi-captive and competitive bidding is spaced years apart. The firm's platform covers national quick-service and casual-dining franchises for brands including Chick-fil-A, Shake Shack, and Buffalo Wild Wings, as well as in-house concepts tailored to local markets. Geography is concentrated on high-throughput U.S. hub airports, including Hartsfield-Jackson Atlanta International, where the firm is headquartered. By controlling the back-of-house logistics, centralized kitchens, and the workforce cleared for sterile-area access, Hojeij achieves unit economics distinct from street-side restaurants — higher revenue per square foot, offset by the complexity of airside supply chains and security compliance. The firm's investor and leadership structure is largely opaque from public filings. It is known to have attracted institutional capital over its history — in 2018, it was acquired by a consortium of global infrastructure investors in a transaction signaling the maturation of airport food-and-beverage as an infrastructure-adjacent asset class. It maintains a presence at additional major U.S. gateways beyond Atlanta, though the full portfolio of terminal contracts is not independently itemized in a single public source. Structurally, what distinguishes Hojeij from a typical restaurant operator or a one-off airport vendor is its aggregation model — it is not a brand creator but a concession-portfolio manager. This makes its value proposition resemble that of a specialty real estate operator or an infrastructure concessionaire more than a food-and-beverage company. The firm competes with other scaled airport dining platforms such as SSP Group, Areas (Elior), and OTG Management, a small peer set where scale in operations, labor management within secure zones, and the ability to manage brand relationships across dozens of distinct municipal contracts create meaningful barriers to entry.

General information

Firm type

Asset Manager

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Atlanta

Corporate office

Atlanta, GA, United States

Sector focus

Food & BeverageHospitalityTravel & Leisure

Frequently asked questions

How does Hojeij Branded Foods make money?

Hojeij earns revenue by operating food-and-beverage concessions inside airport terminals under long-term contracts with airport authorities. It pays the airport a percentage of gross sales — typically in the 8%–15% range depending on the market — and retains the remainder after covering food costs, labor, and occupancy. Margins are structurally higher than typical street-side restaurants because of captive, high-volume passenger traffic, but they are offset by the operational burden of airside security, centralized receiving, and limited operating hours dictated by flight schedules.

Who owns Hojeij Branded Foods?

Hojeij Branded Foods was acquired in 2018 by a consortium of institutional infrastructure investors, though the precise ownership breakdown and the identity of all participants are not itemized in a single central public filing. Prior to that sale, it was an independently operated company that grew through airport contract wins. The acquisition positioned the firm as part of a larger trend of infrastructure funds targeting airport concession platforms as yield-generating assets.

Which airports does Hojeij operate in?

Hojeij's largest and most visible presence is at Hartsfield-Jackson Atlanta International Airport, the busiest passenger airport in the world, where it operates multiple brand concepts across concourses. It also holds contracts at other large U.S. hub airports, though the full list of active terminals is not published consolidated in its public materials. Airport concession contracts are publicly bid and awarded by individual airport authorities, making each location a matter of public record in the respective procurement logs.

How does Hojeij differ from a typical restaurant franchise operator?

Hojeij is not a typical franchisee — it is a master concessionaire. It aggregates national franchise brands and proprietary concepts under airport concession contracts, managing not just food preparation but also leasehold improvements, centralized commissaries, and the workforce that must pass TSA security clearances. This bundle of real estate, logistics, and security compliance makes it functionally closer to a specialized infrastructure operator than a restaurant company.

Who are Hojeij Branded Foods' main competitors?

The competitive set includes other scaled airport dining concessionaires such as the UK-based SSP Group, Spain-based Areas (a subsidiary of Elior), and New York-based OTG Management. These firms bid against one another for long-term packages of terminal space at major airports, and the market is concentrated because of the high upfront capital outlays and the specialized operating expertise required.

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