Ralph Burnet/RWB Financial, a Minneapolis-based real estate development and mortgage-banking company, is the new owner of NBA City, a sports-themed restaurant created last September at Universal Studios’ CityWalk attraction by Hard Rock Café International of Orlando. The acquisition price of the 350-seat, 17,000-sf asset was not disclosed.

The new owner and the National Basketball Association jointly plan to use the NBA City concept as a prototype to develop a worldwide restaurant chain. The NBA sold the restaurant and expansion rights to the Minnesota firm.

Hard Rock Café earlier had transferred or sold its stake in the asset to the NBA, according to area restaurant industry officials familiar with the deal.

The NBA generates revenue from the use of its name and by the sale of NBA-licensed merchandise inside the restaurant.

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