Landry's Restaurants
Encyclopedia
Landry's Restaurants, Inc., is an American corporation based in Houston, Texas
, which is in the business of developing restaurant
s and hospitality
projects.
The company owns 33 casual dining and specialty restaurant
s, as well as casino and entertainment venues, convention facilities and hotel
s in the United States
. At the end of 2005 the company had operations in 35 states and the District of Columbia.
. A year later, they opened Willie G's Seafood and Steak House in Uptown Houston. In 1986, Tilman J. Fertitta
obtained controlling interest in the two restaurants and would later become the CEO of the company, which went public in August 1993.
Under Fertitta, the company grew rapidly through acquisition and expansion of Landry's and other restaurant concepts.
In 1998, the company completed development of the 35 acres (14.2 ha) Kemah Boardwalk, which includes restaurants, a hotel, amusement rides, and a marina.
and the Downtown Aquarium
in Houston, the Tower of the Americas
in San Antonio, the Downtown Aquarium in Denver.
In 2003, Landry's bought Muer Seafood Restaurants, a small chain of seafood restaurants. In 2004 the company opened the Galveston Island Convention Center at the San Luis Resort, which was developed in a partnership with the City of Galveston, Texas
. In 2005 the company acquired the Golden Nugget
casino and hotels in Las Vegas
and Laughlin, Nevada
.
On November 17, 2006, Joe's Crab Shack
was sold to J.H. Whitney & Company
, a privately held company, operating as JCS Holdings, LLC. The sales price was $192 million including the assumption of liabilities.
On February 14, 2011, the company announced they were purchasing the Trump Marina in Atlantic City, New Jersey for $38 million. The company re-branded it as the Golden Nugget Atlantic City
. The sale was approved May 23, 2011, and Landry's took full control of the resort.
On April 4, 2011, Fertitta made a bid to take McCormick & Schmick's
private, offering $137.3 million ($9.25 per share) for the company's outstanding shares, a 30 percent premium over its April 1st closing price. If the offer is accepted, McCormick & Schmick's operations would be would merged into Landry's.
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
, which is in the business of developing restaurant
Restaurant
A restaurant is an establishment which prepares and serves food and drink to customers in return for money. Meals are generally served and eaten on premises, but many restaurants also offer take-out and food delivery services...
s and hospitality
Hospitality
Hospitality is the relationship between guest and host, or the act or practice of being hospitable. Specifically, this includes the reception and entertainment of guests, visitors, or strangers, resorts, membership clubs, conventions, attractions, special events, and other services for travelers...
projects.
The company owns 33 casual dining and specialty restaurant
Restaurant
A restaurant is an establishment which prepares and serves food and drink to customers in return for money. Meals are generally served and eaten on premises, but many restaurants also offer take-out and food delivery services...
s, as well as casino and entertainment venues, convention facilities and hotel
Hotel
A hotel is an establishment that provides paid lodging on a short-term basis. The provision of basic accommodation, in times past, consisting only of a room with a bed, a cupboard, a small table and a washstand has largely been replaced by rooms with modern facilities, including en-suite bathrooms...
s in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. At the end of 2005 the company had operations in 35 states and the District of Columbia.
History
The company started in 1980 with the original Landry's Seafood House Restaurant located in Katy, TexasKaty, Texas
Katy is a city located in Harris, Fort Bend and Waller Counties in the U.S. state of Texas, within the Houston–Sugar Land–Baytown metropolitan area...
. A year later, they opened Willie G's Seafood and Steak House in Uptown Houston. In 1986, Tilman J. Fertitta
Tilman J. Fertitta
Tilman Joseph Fertitta is an American businessman and the founder, chairman of the board, President, CEO and primary shareholder of Landry's Restaurants...
obtained controlling interest in the two restaurants and would later become the CEO of the company, which went public in August 1993.
Under Fertitta, the company grew rapidly through acquisition and expansion of Landry's and other restaurant concepts.
In 1998, the company completed development of the 35 acres (14.2 ha) Kemah Boardwalk, which includes restaurants, a hotel, amusement rides, and a marina.
21st century
Recently the company has expanded into larger entertainment ventures, such as the Kemah BoardwalkKemah Boardwalk
The Kemah Boardwalk is a hotel and restaurant destination in Kemah, Texas, USA. The main attractions of the complex, which opened in 2001, are its many restaurants overlooking Galveston Bay. The area was developed by Landry's Restaurants, which owns all of the restaurants on the boardwalk...
and the Downtown Aquarium
Downtown Aquarium, Houston
Downtown Aquarium is a public aquarium and restaurant located in Houston, Texas, United States that was developed from two Houston landmarks: Fire Station No. 1 and the Central Waterworks Building. The aquarium is located on a site at 410 Bagby St. in downtown Houston. It houses over 200 species...
in Houston, the Tower of the Americas
Tower of the Americas
Tower of the Americas is a 750-foot observation tower/restaurant in San Antonio, Texas. The tower was designed by San Antonio architect O'Neil Ford and was built as the theme structure of the 1968 World's Fair, HemisFair '68....
in San Antonio, the Downtown Aquarium in Denver.
In 2003, Landry's bought Muer Seafood Restaurants, a small chain of seafood restaurants. In 2004 the company opened the Galveston Island Convention Center at the San Luis Resort, which was developed in a partnership with the City of Galveston, Texas
Galveston, Texas
Galveston is a coastal city located on Galveston Island in the U.S. state of Texas. , the city had a total population of 47,743 within an area of...
. In 2005 the company acquired the Golden Nugget
Golden Nugget
Golden Nugget has several uses including:Casinos:*Golden Nugget Atlantic City in Atlantic City, New Jersey**"Golden Nugget" was also the original name of the ACH Casino Resort from 1980 to 1987*Golden Nugget Laughlin in Laughlin, Nevada...
casino and hotels in Las Vegas
Las Vegas, Nevada
Las Vegas is the most populous city in the U.S. state of Nevada and is also the county seat of Clark County, Nevada. Las Vegas is an internationally renowned major resort city for gambling, shopping, and fine dining. The city bills itself as The Entertainment Capital of the World, and is famous...
and Laughlin, Nevada
Laughlin, Nevada
Laughlin is a census-designated place in Clark County, Nevada, United States, and a port located on the Colorado River. Laughlin is south of Las Vegas, located in the far southern tip of Nevada. It is best known for its gaming, entertainment, and water recreation. As of the 2010 census, the...
.
On November 17, 2006, Joe's Crab Shack
Joe's Crab Shack
Joe's Crab Shack is an American chain of beach-themed seafood casual dining restaurants owned by Ignite Restaurant Group. Founded in Houston, Texas, the restaurant now operates locations all across the country. It serves seafood and American cuisine. The restaurants also have a gift shop that sells...
was sold to J.H. Whitney & Company
J.H. Whitney & Company
J.H. Whitney & Company is a venture capital firm in the U.S., founded in 1946 by John Hay Whitney and his partner Benno Schmidt. Today the firm focuses primarily on leveraged buyouts, turnarounds, acquisitions, and recapitalizations of more mature companies particularly those it considers to be in...
, a privately held company, operating as JCS Holdings, LLC. The sales price was $192 million including the assumption of liabilities.
On February 14, 2011, the company announced they were purchasing the Trump Marina in Atlantic City, New Jersey for $38 million. The company re-branded it as the Golden Nugget Atlantic City
Golden Nugget Atlantic City
The Golden Nugget Atlantic City was a casino from 1980 to 1987 in Atlantic City, New Jersey. It is currently the Atlantic City Hilton.It was built in 1980 by a partnership of Golden Nugget Companies and Michael R. Milken for $140 million....
. The sale was approved May 23, 2011, and Landry's took full control of the resort.
On April 4, 2011, Fertitta made a bid to take McCormick & Schmick's
McCormick & Schmick's
McCormick & Schmick's Seafood Restaurants is an American seafood restaurant chain, based in Portland, Oregon. Founded in 1979, the publicly-traded company operates a total of 92 locations in North America under various brands. This includes seven Canadian locations that operate under the Boathouse...
private, offering $137.3 million ($9.25 per share) for the company's outstanding shares, a 30 percent premium over its April 1st closing price. If the offer is accepted, McCormick & Schmick's operations would be would merged into Landry's.
Divisions and subsidiaries
- Hospitality:
- Boardwalk Inn
- Inn at the Ballpark
- San Luis ResortSan Luis ResortSan Luis Resort is a beachfront resort located on Seawall Boulevard on Galveston Island, Texas. This resort was recently the recipient of the AAA Four Diamond Award....
- Holiday Inn Galveston
- Hilton Galveston
- The Events Company:
- Special Events and Catering in the Houston Area
- Galveston Island Convention Center
- Landry's Gaming, Inc. - The Golden Nugget Hotels and Casinos
- Golden Nugget Las VegasGolden Nugget Las VegasThe Golden Nugget Las Vegas is a luxury casino-hotel located in Las Vegas, Nevada on the Fremont Street Experience. The property is owned and operated by Landry's Restaurants....
- Golden Nugget LaughlinGolden Nugget LaughlinThe Golden Nugget Laughlin is a casino and hotel located in Laughlin, Nevada and is owned and operated by Landry's Restaurants.The Golden Nugget Laughlin property is the smallest in Laughlin, with only 300 rooms. It is a tropical themed, three-story hotel...
- Golden Nugget Atlantic CityGolden Nugget Atlantic CityThe Golden Nugget Atlantic City was a casino from 1980 to 1987 in Atlantic City, New Jersey. It is currently the Atlantic City Hilton.It was built in 1980 by a partnership of Golden Nugget Companies and Michael R. Milken for $140 million....
- Golden Nugget Las Vegas