Rick Blatstein Net Worth (2024)

FAQs

Who is Rick Blatstein? ›

Rick Blatstein, CEO and founder of airport hospitality group OTG. OTG's innovative approach to creating an “experience” is delighting travelers and catching the attention of airlines and airport operators.

Concessions operator OTG has been acquired by a private investor consortium managed by Oaktree Capital Management and Centerbridge Partners. Rick Blatstein, CEO and founder, has stepped down from his role.

The Investor Consortium is led by funds managed by Oaktree Capital Management and Centerbridge Partners and includes Sculptor Capital, CPPIB Credit Investments III and Oak Hill Advisors. The acquisition is part of a series of initiatives to position the business for long-term growth and stability, OTG said.

Experienced management team.

OTG is led by its Chairman, Chief Executive Officer and founder Eric J. (“Rick”) Blatstein, who founded the business in 1996 after taking over a single restaurant location at the Philadelphia International Airport.

Founder, Owner, and CEO, Tower Investments, Inc.

The OTG Management annual revenue was $1.1 billion in 2024.

An OTG oven, short for 'Oven, Toaster, and Griller', is a versatile kitchen appliance that combines the functions of a traditional oven, a toaster, and a grill. It is designed for baking, toasting, grilling, and reheating food.

For baking, toasting, and grilling, an OTG (Oven, Toaster, and Griller) is ideal. This fantastic culinary tool may be used to grill meat and bake a range of foods like cakes and pastries, toast bread, and more.

While OTGs are equipped with metal coils that radiate heat to cook the food, this is a longer process. Microwaves on the other hand use specialised electromagnetic radiation to swiftly cook food by heating the food from the inside. However, the quality of the food cooked is not as good compared to OTG ovens.

With more than 350 in-terminal dining and retail locations in 11 airports, OTG and its 5,000+ Crewmembers serve millions of guests each year in dynamic settings across North America.

Where is OTG headquartered? ›

New York Location

Park Avenue South Support (our home office) is located in NYC at 352 Park Avenue South, 10th Floor.

Where is OTG Management's headquarters? OTG Management's headquarters is located at 352 Park Avenue South, New York.

OTG Management is a food and beverage company that operates 6 restaurants in the Philadelphia International Airport including Cibo Bistro & Bar, Jet Rock (Terminals B & D), Sky Asian Bistro, ReVive and Local Tavern. OTG is sophisticated dining and fresh to go. Tasteful retail with a personal touch.

Ten years ago, OTG Management, an airport hospitality group and technology company, appeared on this list for its massive deployment of iPads—the largest consumer-facing deployment in the world—across a handful of America's airports.

Is OTG Experience a private or public company? OTG Experience is a Private company.

OTG is an award-winning airport food & beverage operator with more than 350 restaurants and retail boutiques in 10 airports across North America, including MSP, JFK, LGA, EWR, YYZ, IAH, DCA, PHL, MCO, AND ORD.