Landry's, Inc.

Landry's, Inc.
Private
Industry Restaurants
Entertainment
Hospitality industry
Founded 1980 (1980) in Katy, Houston, Texas, U.S.
Headquarters Houston, Texas, U.S.
Key people
 Tilman Fertitta
(President & CEO)
Products Casual dining, Fine dining, Casino games, Entertainment destinations, Resorts
Owner Tilman Fertitta
Website www.landrysinc.com
Landry's Hangar – Hobby Airport, Houston

Landry's, Inc., is an American, privately owned, multi-brand dining, hospitality, entertainment and gaming corporation. Headquartered in Houston, Texas, Landry's, Inc. owns and operates more than 600 restaurant, hotels, casinos and entertainment destinations in 35 states and the District of Columbia. The company also owns and operates numerous international locations.

History

Landry's, Inc., is owned entirely by President & CEO Tilman Fertitta, an original partner in the company's first Landry's Seafood, which opened in the Houston suburb of Katy, Texas, in 1980. A year later, Fertitta helped open Willie G's, a seafood restaurant in Houston. In 1986, Fertitta gained controlling interests in both restaurants. He became CEO and took the company public in 1993, with a valuation of $30 million.

Under the leadership of Fertitta, the company expanded. In 2010, already being the majority shareholder, Fertitta acquired all outstanding shares of company stock, gaining sole control and ownership.[1] By 2011, the company's value had risen to more than $1.7 billion.[2]

Acquisitions and growth

1990s

Throughout the 1990s, Landry's, Inc., expanded, developing and acquiring restaurant, entertainment, hospitality, and gaming businesses. In 1994, Landry's, Inc., acquired Joe's Crab Shack.[3] In 2006, Landry's, Inc. sold Joe's Crab Shack, which had grown to more than 120 locations, to J.H. Whitney & Company.[4] During the decade, the company acquired a number of other restaurants, including The Crab House and Cadillac Bar. Landry's Seafood continued to expand.[5]

Landry's, Inc., expanded its hospitality and entertainment divisions in 1996, acquiring The San Luis Resort, Spa & Conference Center, a 32-acre beachfront resort on Galveston Island's historic Seawall Boulevard and built on top of the former Fort Crockett.[6] In 2004, Landry's, Inc. partnered with the City of Galveston to open a 140,000 square foot convention center, the Galveston Island Convention Center at the San Luis Resort. In 2003, the company acquired the adjacent Holiday Inn Resort Galveston – On the Beach. In 2004, the adjacent Hilton Galveston Island Resort was acquired. In total, the San Luis Resort includes 700 guest rooms, 10 restaurants, and 200,000 square feet of event space.[7]

The company's hospitality division also includes The Westin Houston Downtown in Downtown Houston[8] and the Boardwalk Inn on the Kemah Boardwalk.[9] In 1998, the company developed the 35-acre Kemah Boardwalk, with a hotel; a marina; more than 10 restaurants; and dozens of midway games, amusement rides, and attractions.[2]

2000s

After 2000, Landry's, Inc., continued to grow. In 2000, the company acquired Rainforest Cafe, a collection of jungle-inspired restaurants and retail villages.[10] In 2002, the company acquired three national restaurants, including Saltgrass Steak House;[11] Chart House;[12] and Muer Restaurants,[13] a series of seafood restaurants.

In 2003, the company opened the Downtown Aquarium, a 20-acre entertainment complex in Houston with an aquarium; a restaurant built around a 150,000-gallon, floor-to-ceiling centerpiece aquarium; a bar; banquet facilities; amusement rides; and midway games. A train carries guests into a tunnel running through a 250,000-gallon shark tank. Other Aquarium restaurants have since opened in Denver; Nashville; and on the Kemah Boardwalk in Texas.[14]

In 2005, the company acquired Golden Nugget Hotel & Casinos, with locations in Las Vegas and Laughlin, Nevada.[15] Landry's, Inc., has since opened three additional locations in Atlantic City, New Jersey,[16] Biloxi, Mississippi[17] and Lake Charles, Louisiana.[18]

2010s

In 2010, Landry's, Inc., acquired three new restaurants. Bubba Gump Shrimp Company, a collection of seafood restaurants, is themed on the hit movie Forrest Gump.[19][20] The company also acquired Claim Jumper, a national chain of family restaurants.[21] The Oceanaire, a national collection of seafood restaurants, is renowned for flying in fresh fish daily.[22]

In 2011, Landry's bought two more restaurants – McCormick & Schmick's Seafood & Steaks[23] and Morton's The Steakhouse.[24] In 2012, the company expanded its entertainment division, with the opening of the Galveston Island Historic Pleasure Pier.[25]

In 2013, Landry's acquired Mastro's restaurants.[26] The company has developed and acquired a collection of restaurants called Landry's Signature Group, which include Vic & Anthony's; Grotto; Brenner's Steakhouse; Brenner's on the Bayou; La Griglia; and Willie G's Seafood & Steaks.[27] In 2016, Landry's acquired the BR Guest restaurant brand.

In August 2017, Landry's re-acquired Joe's Crab Shack restaurants from Ignite Restaurant Group, who had filed for bankruptcy protection on June 6, 2017.[28][29][30] Landry's had sold Joe's to Ignite's predecessor in 2006.[31] The Ignite group also owned Brick House Tavern + Tap restaurants. These were also sold to Landry's Inc.

Properties and subsidiaries

Properties

The Crawford Boxes
Landry's, Inc. operates the Tower of the Americas in San Antonio.

Since the 1990s, Landry's has expanded to real estate holdings beyond dining and hospitality.

  • The Post Oak (under construction): Fertitta broke grounds on a mixed-use skyscraper in Houston that will go alongside the company's headquarters. The building will include hotel rooms, residential rooms, and office buildings.
  • Post Oak Motor Cars: The company owns and operates Post Oak Motor Cars, Ltd., the largest factory-authorized Rolls Royce Motor Cars and Bentley Motors dealership on the Gulf Coast.[32]
  • Landry's Crawford Boxes: Landry's, Inc., owns the naming rights to the left field bleachers at Minute Maid Park, the home of Major League Baseball's Houston Astros. The Landry's Crawford Boxes are so named because they run parallel to Downtown Houston's Crawford Street. Any fan catching a home run receives a gift card to Landry's, Inc., restaurants.[33]
  • Tower of the Americas: Landry's, Inc., operates Tower of the Americas, a 750-foot San Antonio, Texas, landmark. At the top of the tower, guests can dine at Chart House Restaurant. Other attractions include summer concert series; a 4D Texas ride;[34] and an observation level.[35]

Aquariums

Landry's, Inc. owns aquariums in Houston, Denver, Nashville, and Kemah, Texas. All aquariums contain restaurants branded in Landry's Aquarium subsididary.

  • Downtown Aquarium, Houston: 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 6-acre (2.4 ha) site at 410 Bagby St. in downtown Houston. It houses over 200 species of aquatic animals in 500,000 US gallons (1,900,000 l) of aquariums. The complex includes two restaurants, a bar, and banquet facilities. The Downtown Aquarium in Houston is owned and operated by Landry's, Inc. and accredited by the Association of Zoos and Aquariums (AZA).
  • Downtown Aquarium, Denver: a public aquarium and restaurant located in Denver, Colorado at the intersection of I-25 and 23rd Ave. The 107,000 square feet (9,900 m2) main building sits on a 17-acre (6.9 ha) site adjacent to the South Platte River. Its freshwater and marine aquaria total approximately 1,000,000 US gallons (3,785,000 l), and exhibit a variety of fish and other animals. The Downtown Aquarium in Denver is owned and operated by Landry's Restaurants, Inc.,[36] and is the largest aquarium between Chicago and California.[37] It is accredited by the Association of Zoos and Aquariums (AZA).
  • Nashville: Landry's operates a 200,000 gallon Aquarium in Nashville that contains a variety of fish, sharks, and stingrays. The aquarium operated the Aquarium branded restaurants.
  • Kemah, Texas: Inside the Kemah Boardwalk (also owned by Landry's, Inc.), the company operates an aquarium and restaurant.

Pier

Boardwalk

Casinos

Golden Nugget Lake Charles in Lake Charles.

Cruise

  • Boardwalk FantaSea: A Houston area cruise line offering public and private cruise lines that travel through the Galveston Bay and the Gulf of Mexico.

Hospitality

  • Blue Water Inn
  • Boardwalk Inn
  • Hilton Galveston Island Resort
  • Holiday Inn Resort Galveston – On the Beach
  • The Westin Houston Downtown
  • The Villas at San Luis Resort
  • The Post Oak at Uptown Houston

Dining

In addition to all properties, Landry's started out operating restaurant and has acquired many restaurant brands since:

Landry's Seafood

Landry's Seafood in Breaux Bridge, Louisiana

Landry’s Seafood is a chain of American casual seafood restaurants owned by Landry's, Inc.[56][57][58] It currently operates in 20 locations in eight U.S. states, with many situated near tourist landmarks and attractions.[59] The first Landry’s Seafood opened in 1947 in Lafayette in a local family’s kitchen.[60] In 1980 Tilman Fertitta, chairman, CEO and sole owner of Landry’s, Inc., opened a Landry’s Seafood location in the Houston suburb of Katy, Texas.[61][62] He later opened more locations,[56] eventually assuming controlling interests of the company.

See also

References

  1. ↑ "Fertitta keeps strategy as he takes Landry's private".
  2. 1 2 www.valiantmedia.com, Web design by Valiant Media -. "Landry's Inc. - The Leader in Dining, Hospitality and Entertainment". www.landrysinc.com.
  3. ↑ "Shipshape at Landry's". 1 September 2004.
  4. ↑ Landry's to unload Joe's Crab Shack eateries - Houston Business Journal
  5. ↑ "Landry's filings may indicate big acquisition near".
  6. ↑ "History of Landry's Restaurants, Inc. – FundingUniverse". www.fundinguniverse.com.
  7. ↑ inc., Landrys. "The San Luis Resort, Spa & Conference Center. A FERTITTA™ RESORT". www.sanluisresort.com.
  8. ↑ "The Westin Houston Downtown - UPDATED 2017 Hotel Reviews & Price Comparison (TX) - TripAdvisor". www.tripadvisor.com.
  9. ↑ inc., Landrys. "Kemah Boardwalk Inn - Home". www.kemahboardwalkinn.com.
  10. ↑ Reuters (27 September 2000). "COMPANY NEWS; LANDRY'S IN A NEW DEAL TO ACQUIRE RAINFOREST CAFE" – via NYTimes.com.
  11. ↑ Landry's Restaurants, Inc. Announces Acquisition of Saltgrass Steak House Restaurants From MetroNational, prnewswire.com; accessed May 17, 2017.
  12. ↑ Landry's Acquires 39 Chart House Restaurants For $45.5 Million, SmartBrief.com; accessed May 17, 2017.
  13. ↑ Landry's Acquires Muer's Restaurants, ebscohost.com; accessed May 17, 2017.
  14. ↑ Catch of the week: Landry's gets nod to build downtown aquarium - Houston Business Journal
  15. ↑ Inc., Landry's Restaurants,. "Landry's Announces Completion of Acquisition of Golden Nugget Las Vegas and Golden Nugget Laughlin". www.prnewswire.com.
  16. ↑ Landry's plans a turn-around for Trump Marina in Atlantic City, and points to its success at Las Vegas' Golden Nugget, pressofAtlanticCity.com; accessed May 17, 2017.
  17. ↑ Fertitta opens Golden Nugget Biloxi's new additions - Houston Business Journal
  18. ↑ Landry's expands Golden Nugget Casino brand in Lake Charles, La., Houston Business Journal; accessed May 17, 2017.
  19. ↑ Landry's acquires Bubba Gump Shrimp Co., nrn.com; accessed May 17, 2017.
  20. ↑ US: Landry's Buys Bubba Gump Shrimp Co. Restaurant Chain, flex-news-food.com; accessed May 17, 2017.
  21. ↑ Landry's to acquire Claim Jumper, nrn.com; accessed May 17, 2017.
  22. ↑ Landry's lands Minneapolis-based Oceanaire restaurants in deal, StarTribune.com; accessed May 17, 2017.
  23. ↑ McCormick & Schmick's; Landry's Restaurants; takeover, Los Angeles Times; accessed May 17, 2017.
  24. ↑ Landry’s clear to acquire Morton’s, nrn.com; accessed May 17, 2017.
  25. ↑ Galveston Island Historic Pleasure Pier, Galveston.com; accessed May 17, 2017.
  26. ↑ Landry's Inc. buys Mastro's Restaurants LLC, nrn.com; accessed May 17, 2017.
  27. ↑ Landry's Signature Group; accessed May 17, 2017.
  28. ↑ CNBC (2017-06-06). "Joe's Crab Shack owner Ignite files for bankruptcy". Retrieved 2017-06-07.
  29. ↑ BizJournals (2017-08-09). "Parent co. of Joe's Crab Shack back in hands of Tilman Fertitta". Retrieved 2017-08-10.
  30. ↑ Pulsinelli, Olivia (2017-08-18). "Court approves Landry's deal to buy Joe's Crab Shack parent co". www.bizjournals.com. Retrieved 2017-08-21.
  31. ↑ https://www.bizjournals.com/houston/stories/2006/10/09/daily17.html
  32. ↑ Network, All Auto. "Bentley & Rolls-Royce Houston, Texas". www.pomcltd.com.
  33. ↑ "astrosseatingchart.com". www.astrosseatingchart.com.
  34. ↑ Studios, CRM. "CRM Studios Creates $4 Million 3D/4D Ride-Film for Landry's Tower of the Americas Multi-Sensory Theater". www.prnewswire.com.
  35. ↑ Inc., Landry's Restaurants,. "San Antonio Tower of the Americas Re-Opens Wednesday, June 21 With Landry's $11 Million Redevelopment". www.prnewswire.com.
  36. ↑ "Downtown Aquarium". landrysrestaurants.com. Landry's Restaurants, Inc. Archived from the original on 13 April 2005. Retrieved 12 August 2010.
  37. ↑ "The Denver Aquarium: Visit the ocean close to home". hellodenver.com. HelloDenver. Archived from the original on 2 February 2010. Retrieved 13 August 2010.
  38. ↑ Galveston Island Historic Pleasure Pier. "Galveston Island Historic Pleasure Pier". Facebook. Retrieved January 28, 2012.
  39. ↑ Kaplan, David (January 28, 2012). "Historic Galveston amusement pier to rise again". Houston Chronicle.
  40. ↑ Aulds, T.J. (January 28, 2012). "Landry's Corp. is close to revealing plans". Galveston Daily News. Archived from the original on January 31, 2012.
  41. ↑ "Landry's set to unveil Galveston Pleasure Pier plans". News Article. Houston Business Journal. January 28, 2012.
  42. ↑ MacDonald, Brady (February 9, 2012). "Galveston Pleasure Pier brings thrill rides back to Texas coast". Los Angeles Times. Retrieved February 9, 2012.
  43. ↑ "Kemah Boardwalk - The Fun Never Stops!". www.kemahboardwalk.com.
  44. ↑ "Kemah Boardwalk". Visit Houston.
  45. ↑ "Travel - Yahoo Style". travel.yahoo.com.
  46. ↑ www.valiantmedia.com, Web design by Valiant Media -. "Landry's Inc. - The Leader in Dining, Hospitality and Entertainment". www.landrysinc.com.
  47. ↑ "Kemah Boardwalk - The Fun Never Stops!". www.kemahboardwalk.com.
  48. ↑ Jang, Lily (2013-07-25). "Fertitta to open Golden Nugget casino, resort in Lake Charles | khou.com Houston". Khou.com. Archived from the original on 2014-02-25. Retrieved 2014-03-29.
  49. ↑ Skolnik, Sam (February 15, 2009). "Golden Nugget runs against economic winds". Las Vegas Sun. Retrieved March 13, 2009.
  50. ↑ "The Best Hotel Suites in Las Vegas - Golden Nugget". www.goldennugget.com. Archived from the original on 2010-04-27.
  51. ↑ "Laughlin Hotels - Golden Nugget Hotels and Casinos". www.goldennugget.com.
  52. ↑ "Golden Nugget Laughlin". www.worldcasinodirectory.com.
  53. ↑ "Golden Nugget - Laughlin - Weddings - Casino Resorts/Gaming - Convention & Meeting Planning". business.laughlinchamber.org.
  54. ↑ "River Passage Water Taxi - Enjoy the View". riverpassagewatertaxi.com.
  55. ↑ Dan Eaton (2014-11-18). "Landry's pays $10M for Mitchell's Fish Market, Mitchell's Steakhouse; sold in 2008 for $92M". Columbus Business First. Retrieved 2017-05-19.
  56. 1 2 Kiplinger's Personal Finance. Kiplinger Personal Finance. 1995. p. 87. Retrieved December 16, 2017.
  57. ↑ Martin, Bradley (November 3, 2017). "Landry's Seafood House Shutters on the Westside". Eater Vegas. Retrieved December 16, 2017.
  58. ↑ Our Story | Landry's Seafood
  59. ↑ Landry's Seafood House — Las Vegas Sun News
  60. ↑ Landry's Seafood | Today's Orlando
  61. ↑ Campos, Frank (October 18, 2017). "Rockets purchase 'a dream come true' for Fertitta". The Daily Cougar. Retrieved December 16, 2017.
  62. ↑ http://www.landrysinc.com/#/page/1
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