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 and gaming corporation based in Houston, Texas. Landry's, Inc., owns and operates more than 500 restaurant, hotel, casino 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 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, 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 two additional locations in Atlantic City, New Jersey,[16] and Biloxi, Mississippi.[17] A fifth location opened in Lake Charles, Louisiana, in 2014.[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]

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

  1. Fertitta keeps strategy as he takes Landry's private - Houston Chronicle
  2. 1 2 Landry's Inc. - The Leader in Dining, Hospitality and Entertainment
  3. Shipshape at Landry's | Owner Interviews content from Restaurant Hospitality
  4. Landry's to unload Joe's Crab Shack eateries - Houston Business Journal
  5. Landry's filings may indicate big acquisition near - Houston Chronicle
  6. History of Landry's Restaurants, Inc. – FundingUniverse
  7. Beachfront Hotel & Spa - Galveston Hotel - Texas Beach Resort | The San Luis Resort Galveston, TX
  8. The Westin Houston Downtown (TX) - Hotel Reviews - TripAdvisor
  9. Kemah Hotel & Suites - Waterfront Hotel - Meeting Space | Boardwalk Inn - Kemah, TX
  10. Company News; Landry's In A New Deal To Acquire Rainforest Cafe - New York Times
  11. Landry's Restaurants, Inc. Announces Acquisition of Saltgrass Steak House Restaurants From MetroNational - re> HOUSTON, Sept. 11 /PRNewswire-FirstCall/
  12. Landry's Acquires 39 Chart House Restaurants For $45.5 Million | SmartBrief
  13. Landry's Acquires Muer's Restaurants - Tags: CONSOLIDATION & merger of corporations C.A. Muer Corp
  14. Catch of the week: Landry's gets nod to build downtown aquarium - Houston Business Journal
  15. Landry's Announces Completion of Acquisition of Golden Nugget Las Vegas and Golden Nugget... - re> HOUSTON, Sept. 27 /PRNewswire-FirstCall/
  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: Atlantic County News
  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
  19. Landry's acquires Bubba Gump Shrimp Co. | Corporate content from Nation's Restaurant News
  20. US: Landry's Buys Bubba Gump Shrimp Co. Restaurant Chain - Food Industry News
  21. Landry's to acquire Claim Jumper | Archive content from Nation's Restaurant News
  22. Landry's lands Minneapolis-based Oceanaire restaurants in deal | Star Tribune
  23. McCormick & Schmick's; Landry's Restaurants; takeover - Los Angeles Times
  24. Landry’s clear to acquire Morton’s | Archive content from Nation's Restaurant News
  25. GALVESTON.COM: Galveston Island Historic Pleasure Pier
  26. Landry's Inc. buys Mastro's Restaurants LLC | Finance content from Nation's Restaurant News
  27. Landry's Signature Group
  28. Bentley & Rolls-Royce Houston, Texas
  29. Houston Astros Crawford Boxes - AstrosSeatingChart.com
  30. CRM Studios Creates $4 Million 3D/4D Ride-Film for Landry's Tower of... - re> FORT WORTH, Texas, June 21 /PRNewswire/
  31. San Antonio Tower of the Americas Re-Opens Wednesday, June 21 With Landry's $11... - re> HOUSTON, June 21 /PRNewswire-FirstCall/
  32. "Downtown Aquarium". landrysrestaurants.com. Landry's Restaurants, Inc. Retrieved 12 August 2010.
  33. "The Denver Aquarium: Visit the ocean close to home". hellodenver.com. HelloDenver. Retrieved 13 August 2010.
  34. Galveston Island Historic Pleasure Pier. "Galveston Island Historic Pleasure Pier". Facebook. Retrieved January 28, 2012.
  35. Kaplan, David (January 28, 2012). "Historic Galveston amusement pier to rise again". Houston Chronicle.
  36. Aulds, T.J. (January 28, 2012). "Landry's Corp. is close to revealing plans". Galveston Daily News.
  37. "Landry's set to unveil Galveston Pleasure Pier plans". News Article. Houston Business Journal. January 28, 2012.
  38. MacDonald, Brady (February 9, 2012). "Galveston Pleasure Pier brings thrill rides back to Texas coast". Los Angeles Times. Retrieved February 9, 2012.
  39. http://www.kemahboardwalk.com/
  40. http://www.visithoustontexas.com/listings/Kemah-Boardwalk/23284/
  41. http://travel.yahoo.com/photos/america-s-most-awesome-boardwalks-1374794404-slideshow/best-boardwalks-kemah-photo-1374794643650.html
  42. http://www.landrysinc.com/concepts/familydestinations.asp
  43. http://www.kemahboardwalk.com/visitor-info.asp
  44. Jang, Lily (2013-07-25). "Fertitta to open Golden Nugget casino, resort in Lake Charles | khou.com Houston". Khou.com. Retrieved 2014-03-29.
  45. Kaplan, David (2013-07-25). "Golden Nugget to be erected in Louisiana with 'the best synergy outside of Vegas' – San Antonio Express-News". Mysanantonio.com. Retrieved 2014-03-29.
  46. Skolnik, Sam (February 15, 2009). "Golden Nugget runs against economic winds". Las Vegas Sun. Retrieved March 13, 2009.
  47. Golden Nugget Accommodations
  48. http://www.goldennugget.com/laughlin/default.asp
  49. http://www.worldcasinodirectory.com/casino/golden-nugget-laughlin-2639
  50. http://business.laughlinchamber.org/list/member/golden-nugget-laughlin-laughlin-1090.htm
  51. http://riverpassagewatertaxi.com/
  52. http://www.bizjournals.com/columbus/news/2014/11/18/landry-s-pays-10m-for-mitchell-s-fish-market.html
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