Oceanaire Sold to Landry's
|Photo by Jacob Katel|
Landry's, which owns Rainforest Cafe and Chart House among other restaurants, paid $6.6 million and assumed $17 million in debt.
Oceanaire filed for reorganization last July and shuttered four of its 16 locations. The company had hoped to remain private and boutique.
A message left with CEO Terry Ryan in Minnesota was not immediately returned, but a call to the local branch (which we named Best Expensive Chain Restaurant in 2009) found things remain the same. And the menu, which changes twice a day, didn't sound bad. "Crab cakes are amazing," said the lady who answered the phone. "Two five-ounce cakes go for $32.95... And we have halibut cheeks -- they come as part of the Miami Spice menu: $22 for lunch and $35 for dinner."