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Landry’s shutters eight Morton’s restaurantsLandry’s shutters eight Morton’s restaurants

Ron Ruggless, Senior Editor

February 3, 2012

2 Min Read
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Ron Ruggless

Landry’s Inc. on Wednesday shuttered at least eight units of Morton’s steakhouse in various markets as it completed its acquisition of the high-end steakhouse company.

The $116.6 million acquisition of Chicago-based Morton’s Restaurant Group Inc. was completed Wednesday in a tender-offer deal with affiliated companies owned by Houston-based Landry’s chairman and chief executive Tilman Fertitta.

Morton’s units were reported closed in Atlanta, Boston, Brooklyn, N.Y., Denver, Jacksonville, Fla., Miami Beach, Fla., Phoenix and Tyson’s Corner, Va. The company’s website lists 58 remaining U.S. Morton’s locations. At the end of 2011, the company had reported 67 domestic units.

Several of the markets, such as Atlanta, Boston, Denver and Phoenix, had at least two restaurants, and at least one remains open in each of those cities.

“Having been in business for more than 30 years, Morton’s operates domestically and internationally, with multiple locations in some cities,” said Kris Guthrie, Landry’s vice president of marketing. “Over time, demographics shift and so do the areas in which businesses thrive and it’s because of this that we must close a few Morton’s locations,” Guthrie said.

Landry’s early in January also shuttered a number of McCormick & Schmick’s units after it closed on its purchase of that Portland, Ore.-based upscale seafood chain.

The staff at the Morton’s unit in West Palm Beach, Fla., initially was told that store too was closing, the company later said the report was “horrible mistake” and that the 21-year-old Morton’s location was to be renovated and not closed.

Morton’s operates restaurants in 26 states and Puerto Rico and has six international locations in Hong Kong, Macau, Mexico City, Shanghai, Singapore and Toronto.

Privately owned Landry’s owns Rainforest Cafe, Saltgrass Steak House, Landry’s Seafood House, Claim Jumper, Bubba Gump Shrimp Co. and The Chart House, as well fine-dining restaurants Vic & Anthony’s, Brenner’s Steakhouse, Grotto, LaGriglia, Willie G’s and Oceanaire.

Landry’s also owns the Golden Nugget Hotel & Casinos in Atlantic City, N.J., Las Vegas and Laughlin, Nevada, the Kemah Boardwalk, the San Luis Resort, Inn at the Ballpark and the Downtown Aquarium in Denver and Houston.

Landry’s said the companies will generate about $2.5 billion in revenue in 2012.

Contact Ron Ruggless at [email protected].
Follow him on Twitter: @RonRuggless
 

About the Author

Ron Ruggless

Senior Editor, Nation’s Restaurant News / Restaurant Hospitality

Ron Ruggless serves as a senior editor for Informa Connect’s Nation’s Restaurant News (NRN.com) and Restaurant Hospitality (Restaurant-Hospitality.com) online and print platforms. He joined NRN in 1992 after working 10 years in various roles at the Dallas Times Herald newspaper, including restaurant critic, assistant business editor, food editor and lifestyle editor. He also edited several printings of the Zagat Dining Guide for Dallas-Fort Worth, and his articles and photographs have appeared in Food & Wine, Food Network and Self magazines. 

Ron Ruggless’ areas of expertise include foodservice mergers, acquisitions, operations, supply chain, research and development and marketing. 

Ron Ruggless is a frequent moderator and panelist at industry events ranging from the Multi-Unit Foodservice Operators (MUFSO) conference to RestaurantSpaces, the Council of Hospitality and Restaurant Trainers, the National Restaurant Association’s Marketing Executives Group, local restaurant associations and the Horeca Professional Expo in Madrid, Spain.

Ron Ruggless’ experience:

Regional and Senior Editor, Informa Connect’s Nation’s Restaurant News and Restaurant Hospitality (1992 to present)

Features Editor – Dallas Times Herald (1989-1991)

Restaurant Critic and Food Editor – Dallas Times Herald (1987-1988)

Editing Roles – Dallas Times Herald (1982-1987)

Editing Roles – Charlotte (N.C.) Observer (1980-1982)

Editing Roles – Omaha (Neb.) World-Herald (1978-1980)

Email: [email protected]

Social media:

Twitter@RonRuggless

LinkedIn: www.linkedin.com/in/ronruggless

Instagram: @RonRuggless

TikTok: @RonRuggless

 

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