The purchase price equates to $10,000 per seat for the 500-seat,14,000-sf asset. Darden officials are undecided on conversion plansfor the property. The bulk of Darden's restaurants are seafoodspecialty properties.
King Henry's Feast was built in 1985 and opened in 1986 byOrlando restaurateur Robert Earl, a transplanted Londonentrepreneur. Earl later founded the Planet Hollywood chain, alsobased in Orlando.
He sold King Henry's Feast in 1987. The property changed handsseveral times over the years. The last owner was On StageEntertainment Inc., a Las Vegas-based hospitality operator whoclosed the restaurant in June of this year after three years ofconsecutive losses.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
