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  • 1 month later...

Tilman Fertitta has inked a deal with Morton's Restaurant Group Inc. to acquire the company in a deal that values the restaurant chain at $117 million.

Fertitta — the largest shareholder in the restaurant chain — will pay $6.90 a share, a premium of about 34 percent to Morton's Thursday close.

Fertitta, CEO of Houston-based Landry's Restaurant Inc., will finance the transaction through a combination of cash and debt, for which it has arranged financing, and expects to close the transaction in early February 2012.


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  • 3 weeks later...

Now this...

Fertitta fires McCormick execs, closes restaurants

Houston-based Landry’s Inc. moved quickly to trim McCormick & Schmick's Seafood Restaurants Inc.

Landry’s closed a $131 million deal to acquire the Portland restaurant chain Jan. 4 and quickly moved to terminate executives including CEO Bill Freeman, co-founderWilliam McCormick and others.

It also closed at least nine restaurants, according to a source familiar with the situation.


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  • The title was changed to Landry's Liquidating Joe's Crab Shack
  • The title was changed to Fertitta Entertainment/Landry's
  • 10 months later...

With the announcement of Tilman Fertitta buying the ROD for $500 million made me think of something.  I thought, maybe 10 or 15 years ago, Fertitta was having financial problems and was selling off properties. Times change, and the rich get richer, so maybe it doesn't even matter.  He actually bought a parcel in Memorial recently as well.  Can't wait to see what he does with that!

Tilman Fertitta has done a lot for Houston, especially for the University of Houston.  Though, some people get a weird vibe from him and his restaurants. I remember the whole fiasco about UT's 307-acre proposal, and how Fertitta sided with UH and got politics involved, thus causing UT to back out of the proposed campus.  Anyways, enough about his character.

Tilman and his Fertitta Entertainment built the only 5-star Hotel in Houston, The Post Oak Hotel At Uptown Houston. Pretty impressive real estate developer!

 I look forward to the renovations and additions to the River Oaks District.  It's also nice to know that ROD is now locally owned. There are 2 vacant parcels on West Creek Lane, and one old (1990s?) apartment complex.  I'd hope for a hotel, or office building since the area already contains high-rise condominiums and apartments.

Here's a photo I took today while visiting BLVD Place.  TPOHAUH (The Post Oak Hotel At Uptown Houston).


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  • The title was changed to Fertitta Entertainment

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