The first steakhouse will open at one of their current sites, The Oak Tree Inn in Helperby, North Yorkshire, on 12 March.
A key feature of the new brand is a £10,000 two-tonne, 400 degree wood burning oven, which will chargrill a variety of meat, fish and seafood served with a side of salad or vegetables as part of the new steakhouse menu.
Michael Ibbotson, director of Provenance Inns & Hotels, said: “The introduction of our new brand, the Yorkshire Steakhouse, in addition to our country inns and boutique hotel will provide us with three very distinct areas for future growth.
“By creating three distinct brands it will enable us to market our businesses separately and more effectively whilst ensuring our quality, service levels and F&B components are finely tuned in accordance with each market.
“Provenance Inns is renowned for its quality and innovation. This investment fulfils our pledge to our customers to deliver the best local produce, cooked to perfection in a comfortable yet stylish environment.
The Provenance Inns Group currently employs 270 people and runs seven inns across Yorkshire.