Houlihan’s Files for Chapter 11 Bankruptcy; Rival, Landry’s LLC is Stalking Horse Bidder

By on November 15th, 2019

Posted in New Jersey

HRI Holding Corp, aka the Houlihan’s restaurant chain, filed for Chapter 11 bankruptcy in Delaware under docket number 19-12415 on Thursday, November 14, 2019.

The Debtor owns 47 restaurants in 14 states, under Houlihan’s, Houlihan’s Restaurant + Bar, Bristol Seafood Grill, J. Gilbert’s Wood-Fired Grill, and Devon Seafood Grill restaurants.

HRI Holding Corp owns 100% of Houlihan’s Restaurants Inc., but there are 39 separate entities, 93.4% owned by affiliates of York Capital Management.

The Debtor has an asset purchase agreement with Landry’s for a stalking horse bid for most of the assets.

If you have a Houlihan’s, Houlihan’s Restaurant + Bar, Bristol Seafood Grill, J. Gilbert’s Wood-Fired Grill, and/or Devon Seafood Grill lease in your portfolio, Stark & Stark’s Shopping Center & Retail Development Group can help.

Our bankruptcy attorneys regularly represent landlords throughout the country, including recently in the Eastern District of Missouri, District of New Jersey, Southern District of New York, District of Delaware, District of Minnesota, and the Western and Eastern Districts of Pennsylvania regarding a variety of issues.

Our Group has been counsel to landlords and trade creditors in the Mattress Firm, Toys “R” Us, Payless, Eastern Outfitters (EMS Part 2), EMS, Golfsmith, RadioShack, General Wireless (RadioShack 2), Gander Mountain, A&P, Joyce Leslie, rue21, Central Grocers, and Sports Authority chapter 11 bankruptcy cases.

For more information on how Stark & Stark can assist you, please contact Thomas Onder, Shareholder, at (609) 219-7458 or tonder@stark-stark.com or Joseph Lemkin at (609) 791-7022 or jlemkin@stark-stark.com.

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