Photo via Facebook.com
An “upscale casual” restaurant chain is closing its corporate locations, including one in southeast Grand Rapids, amid Chapter 11 bankruptcy proceedings.
Leawood, Kansas-based Houlihan’s Restaurants Inc. said last month it entered into an asset purchase agreement with Houston-based hospitality group Landry’s for the latter to acquire “substantially all of (Houlihan’s) assets,” including its corporate-owned locations across the U.S., as part of its Chapter 11 bankruptcy filing.
The chain’s only Grand Rapids-area location, the Houlihan’s at 1968 Breton Road SE near Breton Village Mall, posted on Facebook Dec. 29 that the restaurant was closing immediately “due to the wind down of the bankruptcy estate.”
The location opened in 2012.
“Management is doing everything possible to minimize the impact to affected team members by working to place them at different continuing locations and reaching out to local restaurant companies,” the restaurant said in the post, which had nearly 300 comments as of today.
The Business Journal was unable to reach the manager of the local Houlihan’s for a comment at press time.
Houlihan’s Restaurants Inc. did not immediately return calls for comment.
The restaurant group posted on its website on Nov. 14 that Houlihan’s was continuing to sign franchisees to fund the company’s operations throughout Chapter 11 proceedings, and that all franchise restaurants “will continue to operate independently and are not included in the sale or chapter 11.”
Founded in Kansas City in 1972, Houlihan’s is a restaurant chain serving New American-style cuisine, including steaks; sandwiches; salads; vegetarian and gluten-free options; and beer, wine and cocktails.