P.F. Chang’s China Bistro

P.F. Chang’s China Bistro is an established restaurant brand known for its scratch-made Chinese and pan-Asian cuisine served in a full-service bistro setting. The company began in 1993, when Paul Fleming and chef Philip Chiang opened the first location in Scottsdale, Arizona, aiming to offer authentic Asian dining in an accessible, contemporary environment. Signature dishes such as Chang’s Chicken Lettuce Wraps and Mongolian Beef helped the brand build a loyal following from the start.

As of November 2025, P.F. Chang’s operates 300 restaurants worldwide, with a presence across the United States and in key international markets including the United Kingdom, Saudi Arabia, South Korea, Mexico, and Canada. Over the past five years, the company has accelerated its growth strategy, adding new locations in major metropolitan areas and expanding internationally. This period has also seen the introduction of the P.F. Chang’s To Go format, which brings the brand’s menu to smaller, off-premise-focused spaces in both urban and suburban neighborhoods. These new formats complement the traditional bistro experience and allow the company to serve a broader range of real estate environments.

A significant milestone in the company’s evolution was its acquisition by TriArtisan Capital Advisors in 2019, which provided resources and leadership to support continued expansion. In 2024, the appointment of Eduardo Luz as CEO and President marked another turning point, bringing new leadership with experience in scaling hospitality brands.

P.F. Chang’s has demonstrated adaptability by updating its menu, investing in digital ordering, and expanding off-premise dining options while maintaining a consistent, high-quality guest experience. The brand’s scale, operational consistency, and strong consumer recognition make it a reliable anchor for a variety of retail and mixed-use developments. With a steady pipeline of new units planned through 2026 and a focus on high-visibility sites, P.F. Chang’s remains an active and credible participant in both domestic and international restaurant real estate.