When Tilman Fertitta took Landry's Restaurants public in 1993, the company had nine restaurants. Today it's an empire, with more than 200 restaurants, amusement venues, hotels and casinos.
And now it's all his.
After trying more than two years to go private again, Fertitta finally succeeded. The deal, which is worth about $1.4 billion including debt, is expected to close today. On Monday, Landry's shareholders approved his offer.
Although he no longer has to answer to anyone, he says the company strategy will be the same.
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Wednesday, October 6, 2010
W Atlanta-Downtown foreclosed
The W Atlanta-Downtown Hotel & Residences is now officially under foreclosure.
Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) reported late Tuesday the senior lender 2010-1 SFG Venture LLC -- a joint venture between the FDIC and Square Mile Capital Management LLC -- foreclosed on the property. The move is no surprise. Atlanta Business Chronicle reported in August the lender was moving ahead with foreclosure.
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Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) reported late Tuesday the senior lender 2010-1 SFG Venture LLC -- a joint venture between the FDIC and Square Mile Capital Management LLC -- foreclosed on the property. The move is no surprise. Atlanta Business Chronicle reported in August the lender was moving ahead with foreclosure.
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