Danny Meyer Starts $200M Fund to Expand Businesses

Source: Eater NY

Joe Coffee and Resy are early investments

Looks like Danny Meyer is throwing weight behind expanding restaurants: Union Square Hospitality Group has launched an investment fund that has already raised $200 million and could duplicate restaurants like Martina.

The Wall Street Journal reports that the private-equity fund called Enlightened Hospitality Investments LP, could be used to expand restaurants like cafe Daily Provisions and pizzeria Martina across the country. It’s also investing in outside companies, like Joe Coffee and even non-food related businesses.

The new fund run by Union Square Hospitality Group — one of the investors — promotes ...

Read full article >>

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Danny Meyer Starts $200M Fund to Expand Businesses

Source: Eater NY

Joe Coffee and Resy are early investments

Looks like Danny Meyer is throwing weight behind expanding restaurants: Union Square Hospitality Group has launched an investment fund that has already raised $200 million and could duplicate restaurants like Martina.

The Wall Street Journal reports that the private-equity fund called Enlightened Hospitality Investments LP, could be used to expand restaurants like cafe Daily Provisions and pizzeria Martina across the country. It’s also investing in outside companies, like Joe Coffee and even non-food related businesses.

The new fund run by Union Square Hospitality Group — one of the investors — promotes ...

Read full article >>

Leave a Reply

Your email address will not be published. Required fields are marked *