Landrys bids 22 million dollars for Fireman Hospitality Group assets
Houston based Landry's has placed a bid to acquire most of Fireman Hospitality Group's iconic New York City restaurant assets out of bankruptcy.
FTMQ Food, written by our newsroom0 views
Landry's Inc. has submitted a $22 million bid to acquire the majority of Fireman Hospitality Group's assets through a bankruptcy auction, Nation's Restaurant News and Yahoo Finance both reported. Jeff Crivello of Ciao Hospitality joined the Houston-based restaurant conglomerate as a co-bidder for the properties. [1][2]
The acquisition attempt covers prominent New York City locations, Nation's Restaurant News reported. Included in the auction bid are flagship concepts such as Café Fiorello, located across from Lincoln Center, as well as Trattoria Dell'Arte and Bond 45. Fireman Hospitality Group had previously developed a major presence in the theater district and near Carnegie Hall. [1]
Fireman Hospitality Group filed for Chapter 11 bankruptcy protection in August, according to Nation's Restaurant News. The legal filing occurred roughly one year after founder Sheldon Fireman passed away at 93 years old. [1]
The targeted concepts occupy prime real estate across Manhattan. Red Eye Grill, another concept within the Fireman Hospitality portfolio, operates at street level inside 888 Seventh Avenue, a 46-floor office tower in Midtown Manhattan. [1][3]
In short
- Landry's submitted a $22 million bid to acquire Fireman Hospitality Group assets.
- Fireman Hospitality Group filed for Chapter 11 bankruptcy in August.
- The acquisition includes New York concepts Café Fiorello, Trattoria Dell'Arte, and Bond 45.
- Jeff Crivello of Ciao Hospitality participated as a co-bidder alongside Landry's.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Landry’s to acquire most of Fireman Hospitality Group's concepts in bankruptcy auctionNation's Restaurant News, 4h ago (the report this story comes from)
- [2]Landry’s to acquire most of Fireman Hospitality Group's concepts in bankruptcy auctionYahoo Finance, 4h ago
Background
- [3]888 Seventh Avenue on Wikipedia
- [4]Joe's Crab Shack on Wikipedia
Our newsroom writes these reports with the help of software, from the 4 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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