Landry's, Inc.

Landry's, Inc.
Private
Industry Restaurants, Entertainment & Hospitality industry
Founded Houston, Texas
Headquarters Houston, Texas
Key people
Tilman J. Fertitta, President & CEO
Products Casual dining
Fine dining
Casino Games
Entertainment Destinations
Resorts
Number of employees
Website www.landrysinc.com
Landry's Hangar – Hobby Airport, Houston

Landry's, Inc., is an American, privately owned, multi-brand dining/hospitality/entertainment/gaming corporation. Headquartered in Houston, Texas, Landry's, Inc. owns and operates more than 500 restaurant/hotel/casino/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 J. 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.

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.

Aquariums

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

Pier

Boardwalk

Casinos

Cruise

Hospitality

Dining

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

See also

References

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  2. 1 2 www.valiantmedia.com, Web design by Valiant Media -. "Landry's Inc. - The Leader in Dining, Hospitality and Entertainment". www.landrysinc.com.
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  4. Landry's to unload Joe's Crab Shack eateries - Houston Business Journal
  5. "Landry's filings may indicate big acquisition near".
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  8. "The Westin Houston Downtown - UPDATED 2017 Hotel Reviews & Price Comparison (TX) - TripAdvisor". www.tripadvisor.com.
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  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.
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  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.
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  31. Inc., Landry's Restaurants,. "San Antonio Tower of the Americas Re-Opens Wednesday, June 21 With Landry's $11 Million Redevelopment". www.prnewswire.com.
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  33. "The Denver Aquarium: Visit the ocean close to home". hellodenver.com. HelloDenver. Archived from the original on 2 February 2010. Retrieved 13 August 2010.
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