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B.R. Guest (stylized as "BR Guest") is a collection of fine-dining restaurants owned by Landry's, Inc. By 2015, BR Guest owned 15 large Manhattan places, including five branches of Dos Caminos, two Strip House steak joints, Blue Water Grill and Ruby Foo's.[1]
Business model edit
Opened in 1987, Hanson signed a partnership deal with Barry Sternlicht, CEO of Starwood Capital Group, as part of its Starwood Opportunity Fund 7 in 2007. The transaction valued BR Guest between $150 million and $250 million.[2][3]
In August 2010 BR Guest welcomed Alexandre Gaudelet to the team as its new Chief Operating Officer.[citation needed]
In November 2016, BR Guest was sold to Landry's, Inc., the operator of many casinos and restaurants including Bubba Gump Shrimp, the Rainforest Cafe, and Golden Nugget Casino.[4]
References edit
- ^ Cuozzo, Steve (2015-09-29). "BR Guest Hospitality CEO abruptly leaves company". New York Post. Retrieved 2020-04-13.
- ^ "Hanson Finally, Officially Sells 50% of BR Guest to Sternlicht". Eater NY. Retrieved 2018-07-26.
- ^ Fickenscher, Lisa. "Hanson to gobble up more eateries". Crain's New York Business. Retrieved 2018-07-26.
- ^ "Dos Caminos' parent company being sold to hospitality bigwig". New York Post. 2016-11-08. Retrieved 2018-07-26.
- "Starwood Capital's $150m B.R. Guest buyout seen as driver of global growth.(NEWS)". Nation's Restaurant News. March 19, 2007. Retrieved 2008-10-25.
- Fickenscher, Lisa (March 19, 2007). "Hanson to gobble up more eateries; Under new joint venture, manager will look to acquire other chains.(News)(Stephen Hanson sells restaurant business to Barry Sternlicht) (Starwood Capital Group L.P.)(B.R. Guest LLC)". Crain's New York Business. Retrieved 2008-10-25.
- "Guest is programmed for SoHo expansion". Real Estate Weekly. July 5, 2006. Retrieved 2008-10-25.
- "Report: Starwood Capital pays $150m for B.R. Guest.(NEWS DIGESTS)(Starwood Capital Group L.P.)(Stephen Hanson)(Brief article)". Nation's Restaurant News. March 12, 2007. Retrieved 2008-10-25.