Landry's, Inc.

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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
60,000+ (2013)[needs update]
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[edit]

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[edit]

1990s[edit]

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[edit]

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[edit]

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[edit]

Properties[edit]

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.

  • The Post Oak (under construction): Fertitta broke grounds on a mixed use skyscraper in Houston that will go alongside the company's headquarters. The building will include hotel rooms, residential rooms, and office buildings.
  • Post Oak Motor Cars: The company owns and operates Post Oak Motor Cars, Ltd., the largest factory-authorized Rolls Royce Motor Cars and Bentley Motors dealership on the Gulf Coast.[28]
  • Landry's Crawford Boxes: Landry's, Inc., owns the naming rights to the left field bleachers at Minute Maid Park, the home of Major League Baseball's Houston Astros. The Landry's Crawford Boxes are so named because they run parallel to Downtown Houston's Crawford Street. Any fan catching a home run receives a gift certificate to Landry's, Inc., restaurants.[29]
  • Tower of the Americas: Landry's, Inc., operates Tower of the Americas, a 750-foot San Antonio, Texas, landmark. At the top of the tower, guests can dine at Chart House Restaurant. Other attractions include summer concert series, a 4D Texas ride[30] and an observation level.[31]

Aquariums[edit]

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.

  • Downtown Aquarium, Houston: a public aquarium and restaurant located in Houston, Texas, United States that was developed from two Houston landmarks: Fire Station No. 1 and the Central Waterworks Building. The aquarium is located on a 6-acre (2.4 ha) site at 410 Bagby St. in downtown Houston. It houses over 200 species of aquatic animals in 500,000 US gallons (1,900,000 l) of aquariums. The complex includes two restaurants, a bar, and banquet facilities. The Downtown Aquarium in Houston is owned and operated by Landry's, Inc. and accredited by the Association of Zoos and Aquariums (AZA).
  • Downtown Aquarium, Denver: a public aquarium and restaurant located in Denver, Colorado at the intersection of I-25 and 23rd Ave. The 107,000 square feet (9,900 m2) main building sits on a 17-acre (6.9 ha) site adjacent to the South Platte River. Its freshwater and marine aquaria total approximately 1,000,000 US gallons (3,785,000 l), and exhibit a variety of fish and other animals. The Downtown Aquarium in Denver is owned and operated by Landry's Restaurants, Inc.,[32] and is the largest aquarium between Chicago and California.[33] It is accredited by the Association of Zoos and Aquariums (AZA).
  • Nashville: Landry's operates a 200,000 gallon Aquarium in Nashville that contains a variety of fish, sharks and stingrays. The aquarium operated the Aquarium branded restaurants.
  • Kemah, Texas: Inside the Kemah Boardwalk (also owned by Landry's, Inc.), the company operates an aquarium and restaurant.

Pier[edit]

Boardwalk[edit]

  • Kemah Boardwalk: The company owns a boardwalk in the Houston suburb of Kemah, Texas. The Kemah Boardwalk a 60-acre Texas Gulf Coast theme park in Kemah,Texas,[39] approximately 30 miles southeast of Downtown Houston, Texas. The Boardwalk is built entirely along the shores of Galveston Bay and Clear Lake,[40] and is considered among the premier boardwalks in the United States.[41] The complex is owned and operated by Landry's, Inc., and is home to more than 10 restaurants, a collection of rides, midway games, attractions, a boutique hotel, a charter yacht, a 400-slip marina and multiple shops.[42] There is no charge to walk around on the boardwalk. Tickets for rides can be purchased individually or all-day ride passes are available. Restaurants on the boardwalk include Landry's Seafood, Bubba Gump Shrimp Co., Saltgrass Steak House,Cadillac Bar and many others.[43]

Casinos[edit]

Golden Nugget Lake Charles in Lake Charles.

Cruise[edit]

  • Boardwalk FantaSea: A Houston area cruise line offering public and private cruise lines that travel through the Galveston Bay and the Gulf of Mexico.

Hospitality[edit]

  • Blue Water Inn
  • Boardwalk Inn
  • Hilton Galveston Island Resort
  • Holiday Inn Resort Galveston – On the Beach
  • The Westin Houston Downtown
  • The Villas at San Luis Resort
  • San Luis Resort, Spa & Conference Center

Dining[edit]

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

See also[edit]

References[edit]

  1. ^ Fertitta keeps strategy as he takes Landry's private - Houston Chronicle
  2. ^ a b 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

External links[edit]