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

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.

COPYRIGHT © 2020, STARK & STARKNational Law Review, Volume IX, Number 319


About this Author

Thomas S. Onder, Stark Stark Law Firm, Retail Litigation Lawyer, Commercial Issues Attorney

Thomas S. Onder is a Shareholder and member of the Commercial, Retail and Industrial Real Estate, Litigation and Bankruptcy & Creditors’ Rights Groups of Stark & Stark. Mr. Onder is a member of the International Council of Shopping Centers (“ICSC”) and concentrates his practice in the area of commercial litigation, specializing in commercial landlord...