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    Luby's for sale

    Beloved Texas cafeteria chain's future uncertain after sale announcement

    Eric Sandler
    Jun 4, 2020 | 9:15 am
    Luby's food spread
    Fewer families are gathering at Luby's.
    Luby's/Facebook

    The days of square fish and LuAnn platters could be coming to an end. Luby's, the popular Texas cafeteria, announced it will pursue a sale of all its assets, including real estate, to pay off debt and raise money for its shareholders (NYSE: LUB).

    During the period while the company looks for a buyer for its three restaurant brands — Luby's, Fuddruckers, and Cheeseburger in Paradise — some of its location will remain open to serve customers. Currently, the company owns 78 Luby's, 39 Fuddruckers, and one Cheeseburger in Paradise; of those, only 98 are currently open due to restrictions stemming from the coronavirus pandemic, according to second quarter fiscal results the company released on Wednesday.

    "We believe that proceeding with this sale process followed by distributions contemplated under a proceeds distribution plan will maximize value for our stockholders, while also preserving the flexibility to pursue a sale of the Company should a compelling offer that delivers superior value be made," Luby's president and CEO Chris Pappas said in a statement. "This path also provides for the potential to place the restaurant operations with well-capitalized owners moving forward."

    That Luby's could shutter has been a possibility for some time. In 2019, the company fended off a challenge from an activist investor that sought to replace members of its board of directors. The restaurant has seen sales decline as consumers choose fast casual restaurants over cafeterias. It made the decision to pursue a sale after a special committee of its board of directors reviewed the company's operations to determine the best way to maximize value for its shareholders.

    Founded in San Antonio in 1947, Luby's relocated its corporate headquarters to Houston after Pappas Restaurants owners Chris and Harris Pappas bought a majority stake in the company in 2001.

    At this time, the company's future is unknown. It could find a buyer that purchases the entire business outright or it could sell off its substantial real estate holdings one-by-one and fade into obscurity. In the meantime, diners may want to contemplate making their next visit sooner than later.

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    say hey to Hypsi

    Houston chef's hip new Italian restaurant now open in Heights hotel

    Eric Sandler
    Dec 4, 2025 | 5:05 pm
    Hypsi restaurant food spread
    Photo by Julie Soefer
    Hypsi serves pasta and other Itaian-inspired dishes.

    A new Italian restaurant is now open in the Heights. Located within the newly opened Hotel Daphne, Hypsi marks chef Terrence Gallivan’s return to professional cooking in Houston.

    Known for his time as the co-execuive chef of The Pass and Provisions and owner of ElRo Pizza and Crudo, Gallivan brings strong culinary credentials to Hypsi. Although he isn’t known explicitly for Italian fare, he has significant experience making pizza, pasts, and other Italian-inspired dishes. After closing ElRo last year, the chef says that working for Bunkhouse Hotels, the Austin-based company that operates the Daphne, had a lot of appeal.

    “My wife and I always made it a point to stop at their places whenever we’re in Austin. They know how to make cool stuff,” Gallivan says.

    Hypsi’s menu includes updated takes on Italian fare begins with starters such as lamb meatballs, black truffle arancini, and Caesar salad. A selection of house-made pastas include squid ink radiatori with rock shrimp, butternut squash tortellini, and lumache with vodka sauce that gets a little heat from nduja. Entree choices include a roast chicken, pork Milanese, and roasted snapper with salsa verde.

    The restaurant is also open for breakfast during the week and brunch on the weekends with items such as a panatone waffle, frittata, and breakfast sandwich. Lunch will follow in January.

    “We took inspiration from tradition without being traditional,” Gallivan says. Later, he adds, “For me, it’s about balance. You try to please everybody. I want my mom to enjoy herself as much as a 25-year-old foodie. It’s important to hit as many marks as you can.”

    One of the restaurant’s signatures will be the mozzarella cart that rolls through its dining room. Gallivan says he’s sourcing a mix of both American and imported Italian cheeses that will rotate every week or two. The cheese is served with a range of pickled fruit and vegetables, olive oil, aged balsamic vinegar, focaccia, and more. Of course, seeing a cart immediately grabs diners’ attention, making them want whatever is on offer.

    “That’s the beauty of carts,” Gallivan says. “It’s a fun thing to do. I think sometimes we get a little too serious in restaurants. It’s supposed to be fun. People are here to enjoy themselves.”

    All that eating and drinking takes place in a dining room that’s inspired by Prohibition-era speakeasies, according to press materials. Details include blueberry lava stone on the bar, vintage velvet chairs, and custom Carimate dining chairs by Vico Magistretti. An outdoor patio features brick pavers, mosaic tables, and sculptures.

    Hypsi restaurant food spread

    Photo by Julie Soefer

    Hypsi serves pasta and other Itaian-inspired dishes.

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