From Nation's Restaurant News · · 1m 30s
Landry's Acquires Cafe Fiorello and Trattoria Dell'Arte
Landry's wins $22m bid for Fireman Hospitality Group's iconic NYC restaurants in bankruptcy auction.
In brief
Landry's wins $22m bid for Fireman Hospitality Group's iconic NYC restaurants in bankruptcy auction. Landry's Inc. acquired most of Fireman Hospitality Group's restaurants including Cafe Fiorello and Trattoria Dell'Arte from bankruptcy auction for $22 million. Originally reported by Nation's Restaurant News.
Landry's bid for Fireman restaurants
Landry's Inc. made a $22 million bid to acquire most of Fireman Hospitality Group's restaurants out of bankruptcy.
Fireman Hospitality Group in bankruptcy
Fireman Hospitality Group filed for Chapter 11 bankruptcy in August after founder Sheldon Fireman died at age 93.
Key Fireman restaurants
Cafe Fiorello sits across from Lincoln Center in New York City, with locations near Carnegie Hall and Washington, D.C.
Stalking horse bidder
FHG Acquisitions, an affiliate of Fertitta Entertainment, was the stalking horse bidder for $22 million in cash and other considerations.
Fertitta Entertainment background
Fertitta Entertainment is owned by billionaire Tilman Fertitta, who also owns Golden Nugget Hotel and Casino and the NBA's Houston Rockets.
Landry's restaurant portfolio
Landry's owns Mastro's Steakhouse, Ocean Club, Morton's The Steakhouse, Del Frisco's, and The Palm among other concepts.
Co-bidder Jeff Crivello
Jeff Crivello, former CEO of Famous Dave's, was a co-bidder for Paris Bar and Brooklyn Delicatessen in the auction.
Cafe Fiorello closure dates
Cafe Fiorello in Washington, D.C. closes permanently after service on October 28, with Fiorella Italian Kitchen closing on October 29.
No response from Landry's
Neither Landry's nor Fireman group officials responded to requests for more information about the acquisition.
The key point
Landry's Inc. acquired most of Fireman Hospitality Group's restaurants including Cafe Fiorello and Trattoria Dell'Arte from bankruptcy auction for $22 million.
