Landry's Acquires Fireman Hospitality Group for $22 Million

The purchase saves three iconic Manhattan restaurants from the group's Chapter 11 bankruptcy proceedings.

Updated on Oct. 20, 2026 in Dining Out

Screen-print poster illustration of a classic New York City masonry facade, evoking the heritage of iconic urban dining establishments. — Landry's Inc. acquired the assets of Fireman Hospitality Group for $22 million, preserving three landmark Manhattan restaurants following bankruptcy proceedings. AI Illustration. Upload story photo >

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Landry's Inc. has purchased the assets of the struggling Fireman Hospitality Group for $22 million. The acquisition preserves three flagship Manhattan dining venues: Trattoria Dell'Arte, Fiorello's, and Bond 45.

Why it matters

The deal secures the future of popular dining institutions that faced uncertain status after the owner filed for bankruptcy. Fireman Hospitality Group struggled with business declines following the pandemic and the 2025 death of founder Shelly Fireman.

The winning $22 million bid surpassed the firm's roughly $10 million in secured claims. The bankruptcy court required the purchase to encompass the entire company rather than individual assets.

The players

Landry's Inc.

This major hospitality and entertainment corporation owns and operates a wide array of restaurant, hotel, and gaming properties across the United States.

Fireman Hospitality Group

This restaurant group was a significant player in the New York City dining scene for decades before entering bankruptcy.

Shelly Fireman

He was the influential founder and visionary behind the Fireman Hospitality Group until his death in 2025.

The details

Landry's Inc. aggressively increased its original bid due to competitive interest in the portfolio. The deal successfully protects Trattoria Dell'Arte near Carnegie Hall, Fiorello's near Lincoln Center, and the West 46th Street location of Bond 45.

October 2025: Founder Shelly Fireman died at age 93.
July 2026: The RedEye Grill served its final meal.
August 2026: Fireman Hospitality Group filed for Chapter 11 bankruptcy.
Week of October 20, 2026: The acquisition is expected to officially close.

Culture Shift

This acquisition highlights the ongoing consolidation within the New York City restaurant scene as legacy groups face financial pressures. The transition underscores a broader shift where major hospitality conglomerates absorb iconic, long-standing brands that struggle in the post-pandemic era.

Patrons of Trattoria Dell'Arte, Fiorello's, and Bond 45 can expect these venues to remain open under new management. Diners should not experience disruptions to reservations or service at these specific Manhattan locations.

The takeaway

The successful acquisition by Landry's ensures that these historic restaurants avoid permanent closure. New Yorkers can continue to rely on these venues as neighborhood fixtures despite the wider collapse of the parent group.