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Gordon Ramsay sells L.A. restaurantGordon Ramsay sells L.A. restaurant

Lisa Jennings, Executive Editor

March 9, 2009

2 Min Read
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Lisa Jennings

LOS ANGELES Celebrity chef Gordon Ramsay has sold his Los Angeles restaurant The London West Hollywood to the hotel where it operates, officials confirmed Monday.

The London, which has been open less than a year, was sold to LXR Luxury Resorts, owner of the boutique hotel property that was formerly known as Hotel Bel Age before it was acquired by LXR and renovated last year.

Anne Hersley-Hankins, vice president of corporate communications for LXR Luxury Resorts in New York, said The London West Hollywood’s opening last year “was extremely successful, culminating in the recognition by the Michelin Guide with one star.”

Hersley-Hankins said the 110-seat fine-dining venue would continue using Ramsay’s name and the chef would be involved as a consultant, but day-to-day operations would be managed by the hotel.

Ramsay has not sold his similarly named concept, Gordon Ramsay at The London in New York, which is also located in an LXR hotel.

Like many industry operations, Ramsay’s high-end empire of restaurants has struggled as the difficult economic climate has forced consumers to cut back on dining out, both in the United States and in London, where most of Ramsay’s restaurants are located.

In the United States, the Scotland-born Ramsay is known as the star of the Fox Broadcasting Co.’s television shows “Hell’s Kitchen” and “Kitchen Nightmares.”

Earlier this month, Bloomberg reported that Ramsay’s restaurant company, Gordon Ramsay Holdings, was fined for filing financial reports about six months late. The company recorded net income of $1.92 million for the year ended Aug. 31, 2007.

Ramsay reportedly opened two restaurants in London last year, Murano and York & Albany, as well as a venue at Heathrow Airport called Plane Food. Also in London, the group closed the restaurant Petrus, following a dispute with partner Marcus Wareing, and closed a restaurant it operated in the Connaught Hotel.

Ramsay reportedly also sold the Prague location of his concept Maze to the Hilton hotel where it operates.

News reports have also indicated that Ramsay has put up about 1.6 million British pounds, or $2.2 million, to reassure bankers after breaking banking covenants on a 6.13 million-pound overdraft.

The multi-concept group operates restaurants around the world, including locations of his namesake restaurant Gordon Ramsay near Paris, in Tokyo and in Ireland, as well as two in London.

Contact Lisa Jennings at [email protected].

About the Author

Lisa Jennings

Executive Editor, Nation's Restaurant News and Restaurant Hospitality

Lisa Jennings is executive editor of Nation’s Restaurant News and Restaurant Hospitality. She joined the NRN staff as West Coast editor in 2004 as a veteran journalist. Before joining NRN, she spent 11 years at The Commercial Appeal, the daily newspaper in Memphis, Tenn., most recently as editor of the Food and Health & Wellness sections. Prior experience includes staff reporting for the Washington Business Journal and United Press International.

Lisa’s areas of expertise include coverage of both large public restaurant chains and small independents, the regulatory and legal landscapes impacting the industry overall, as well as helping operators find solutions to run their business better.

Lisa Jennings’ experience:

Executive editor, NRN (March 2020 to present)

Executive editor, Restaurant Hospitality (January 2018 to present)

Senior editor, NRN (September 2004 to March 2020)

Reporter/editor, The Commercial Appeal (1990-2001)

Reporter, Washington Business Journal (1985-1987)

Contact Lisa Jennings at:

[email protected]

@livetodineout

https://www.linkedin.com/in/lisa-jennings-83202510/

 

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