Houlihan’s Restaurant Closures 2020: Which Locations Closed Amid Deal With Landry’s?

Following a November 2019 bankruptcy filing and the recent purchase by Landry’s Inc., Houlihan’s Restaurants Inc. has reportedly closed at least 12 restaurant locations throughout the U.S.

At least 11 of the restaurant’s closings were linked to a chain of 44 locations in 17 states with an additional location operated by Make Room for Truman, Restaurant Business reported.

The Houlihan’s that closed include locations in Dallas, Fort Worth and Live Oak, Texas; Wheaton and Geneva, Illinois; Creve Coeur, Missouri; Olathe and Fairway, Kansas; Grand Rapids, Michigan; and Hasbrouck Heights and Woodbridge, New Jersey, the news outlet said.

Workers at the closed restaurants are being offered job placement at different locations or other local restaurant companies, according to Houlihan’s Facebook postings. Houlihan’s announced most of the restaurant closures on Facebook.

Landry’s, the company behind billionaire restauranteur Tilman Fertitta, will purchase Houlihan’s for about $40 million with the sale expected to close on Monday. According to the news outlet, Houlihan’s owes $47 million on a 2015 loan that will come due in December 2020 and has not been paid since December 2018.

Landry’s initiated a bid for the chain at the same time Houlihan’s filed for Chapter 11 in November 2019. Without a higher bidder, the purchase by Landry’s was approved by the U.S Bankruptcy Court for the District of Delaware.

With the addition of Houlihan’s, Landry’s will have more than 600 restaurants spread across 60 brands. Houlihan’s was previously owned by an investment group that was headed by Mike Archer.