Which Company Owns Cadillac Ranch And Granite City

Cadillac ranch has an outpost at the mall of america in bloomington.

Which company owns cadillac ranch and granite city.

The company filed for chapter 11 bankruptcy protection in december. The company owns a beer production facility in ellsworth iowa but leases all 35 of its granite city restaurants and five cadillac ranch restaurants and its corporate offices. The company intends to operate granite city as is with no plans to rebrand. Landry s holdings owned by tilman fertitta agreed to spend 7 5 million during an auction to buy cadillac ranch a concept formerly owned by granite city food and brewery according to court documents.

Granite city food brewery which is backed by cic partners has acquired the assets of five cadillac ranch all american bar grill restaurants for an aggregate purchase price of about 6 2 million. The restaurant group that owns the granite city food brewery and cadillac ranch all american bar grill restaurants announced tuesday dec. After an intensive review of strategic alternatives granite city food brewery ltd the parent company of its eponymous concept and sister brand cadillac ranch all american bar grill filed for chapter 11 bankruptcy protection in an effort to reorganize its business and facilitate a structured sale. Granite also owns four cadillac ranch restaurants.

There were three separate sessions to bid on cadillac ranch granite city and all assets combined. We are currently operating in pittsburgh pa national harbor md and in the mall of america in minneapolis mn. 17 2019 that it has filed for chapter 11 bankruptcy. Three of the four locations were picked up by landry s.

21 will seek the bankruptcy court s approval on landry s 7 5 million bid to buy three cadillac ranch restaurants in three states plus bbq holdings 3 65 million bid. The minneapolis based restaurant company which operates 25 granite city food brewery locations and four units of the cadillac ranch concept trades in the over the counter market under the. Granite city on feb. Granite city s majority shareholder is concept development partners llc a partnership between dallas based private equity firm cic capital partners and restaurant.