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Tilman Fertitta Closes on Purchase of Del Frisco’s Steakhouse Chain

Del Frisco’s Restaurant

HOUSTON – (Realty News Report) – Houstonian Tilman J. Fertitta announced that Landry’s, Inc. has closed on the acquisition of Del Frisco’s Double Eagle Steakhouses and the Del Frisco’s Grilles.

The seller is L Catterton, the largest and most global consumer-focused private equity firm.  The Wall Street Journal said the price was between $300 million and $325 million.

Del Frisco’s is a leading operator in the high-end steak dining segment, operating in 13 states in the U.S.

With this deal, Landry’s Inc. now owns 16 Double Eagle Steakhouses and 17 Del Frisco’s Grilles. There are four Del Frisco’s in Texas, including locations in Houston and Dallas.

“We are excited to welcome Del Frisco’s to our steakhouse family of restaurants such as Mastro’s, Morton’s The Steakhouse, Vic & Anthony’s, Strip House, and our casual brand Saltgrass Steak House,” said Fertitta, Owner and Chairman of Landry’s, Inc. “It is one of the most iconic restaurant companies across the country that perfectly complements our style of service and cuisine.”

Houston-based Landry’s, Inc., wholly owned by Fertitta, owns Willie G’s, McCormick & Schmick’s and casual dining brands including Landry’s Seafood, Bubba Gump Shrimp Co., Rainforest Cafe, Mitchell’s Fish Market Restaurants, and Saltgrass Steak House, along with New York BR Guest Restaurants such as Dos Caminos and Bill’s Bar & Burger.

Landry’s gaming division includes the renowned Golden Nugget Hotel and Casino concept, with locations in Las Vegas and Laughlin, Nev.; Atlantic City, N.J.; Biloxi, Miss.; and Lake Charles, La. Landry’s entertainment division includes including the Galveston Island Historic Pleasure Pier, Kemah Boardwalk and Aquarium Restaurants.

Hospitality holdings include San Luis Resort, Spa & Conference Center on Galveston Island and the Post Oak Hotel near Loop 610 Houston.

Nov. 5, 2019 Realty News Report Copyright 2019 …Houston 2020: America’s Boom Town – An Extreme Close Up —Available on Amazon

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