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Tilman Fertitta Borrows $250M at 12 Percent; After Laying Off 45,000, Tilman has Cash Burn-Rate of $2 Million a Day

HOUSTON – (Realty News Report) – Houston restaurant and casino magnate Tilman Fertitta has borrowed $250 million at a whopping 12 percent interest rate while his business struggles with the coronavirus shutdown. Fertitta has a cash burn-rate of $2 million a day and he said he needed  liquidity for the long haul, in case the coronavirus impact continues well into ... Read More »

Rapid Shave: COVID-19 Trims $2 Billion Off Tilman Fertitta Net Worth; Houston Rockets Owner Falls Off List of World’s 500 Richest People

HOUSTON – (Realty News Report) – Houston restaurant and casino magnate Tilman Fertitta, has lost about a third of his wealth, or approximately $2 billion, in the last month due to the coronavirus outbreak, according to Bloomberg News. Feritta, who had a net worth of more than $5 billion last month, has dropped off the rankings of the 500 wealthiest ... Read More »

Tilman Fertitta Furloughs 40,000 Employees From Restaurant, Hotel and Casino Empire

HOUSTON – (Realty News Report) – Houston billionaire Tilman Fertitta, who owns the Golden Nugget casinos, several hotels and hundreds of restaurants has temporarily furloughed 40,000 employees, according to Bloomberg News. Fertitta told Bloomberg he is losing millions of dollars every day because of governmental shut-down orders issued as part of the coronavirus pandemic. His restaurants that have been operating ... Read More »

Moving on Up – Luxe Realty Agents Invade Texas to Advance the Pursuit of Super-Rich Buyers

HOUSTON – (By Ralph Bivins of Realty News Report) — You’re feeling lucky. Nabbing one of the ten free parking spots in the garage is a miracle in this glitz palace. But plebeians who want to avoid giving six bucks to the parking valet don’t venture on these premises often. This is Tilman Fertitta’s The Post Oak Hotel and rooms ... Read More »

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

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 ... Read More »

Tilman Fertitta Announces 35-Story Hotel/Office Tower Near Houston’s Galleria

HOUSTON – Tilman Fertitta, chairman of the Landry’s restaurant and entertainment organization, has announced plans for a 35-story mixed-use tower on Loop 610 about a mile north of the Galleria. The 650,000-square-foot project will have 240 high-end hotel rooms, 120,000 square feet of office space and 22 apartment units, Fertitta said. Plans for the 10-acre site, 1600 West Loop, on ... Read More »

Landry’s Planning 30-story Hotel Near Houston’s Galleria

HOUSTON – The Landry’s organization, which owns four Golden Nugget casino hotels and 500 restaurants, is planning a 30-story hotel and conference center adjacent to its corporate headquarters on Loop 610 in Houston. The 9-acre site already includes Landry’s headquarters building and a Rolls Royce and Bentley auto dealership controlled by Landry’s chairman and CEO Tilman J. Fertitta. The Landry’s ... Read More »

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