Landry's Inc. and Houston's billionaire business tycoon Tilman Fertitta have done it again.
The restaurant empire helmed by Fertitta reeled in another big acquisition fish. Add upscale steakhouse and seafood chain Mastro's to the list of Landry’s purchases.
Of course, Landry’s already owns a wide variety of restaurants and entertainment establishments from the Golden Nugget Hotel & Casinos to Galveston's Pleasure Pier to McCormick & Schmick’s to Morton’s. And now Mastro's.
Based out of Woodland Hills, California, Mastro's first started in Scottsdale, Ariz. Landry's plans to have Mastro's chairman and CEO, Mark Levy still handle day-to-day operations at the restaurants. Mastro's currently has 11 restaurants (with a heavy presence in California, including Beverly Hills) and Landry's plans to almost immediately add three more (within the next 15 months).
"Mastro’s is the best steak and seafood restaurant concept in America," Fertitta told the Nation's Restaurant News.
Of course, Landry's and Fertitta are hardly foreign to fancy steakhouses and seafood.