Skip to main content

Restaurants Unlimited Bankruptcy Fallout Sinks More Oregon, Washington Restaurants

Submitted by jhartgen@abi.org on

A dozen restaurants up and down the West Coast have shuttered as the dust continues to settle around Seattle-based Restaurants Unlimited’s recent bankruptcy and sale, The Oregonian reported. Restaurants Unlimited, which backed dozens of West Coast restaurants, filed for chapter 11 protection in July. By then, the company had already closed two local restaurants, the Lloyd District’s Prime Rib + Chocolate Cake and Tigard’s Portland Seafood Grill. Last week, a U.S. bankruptcy court approved the $37.2 million sale of Restaurants Unlimited to Landry’s Inc., Bloomberg reported. The Houston-based dining giant, which previously gobbled up Portland’s McCormick & Schmicks in 2012, was able to cherry pick the properties it wanted to keep, including the Portland City Grill. In Oregon, Salem’s Newport Seafood Grill joined the previously reported closures of Pearl District taproom Henry’s Tavern and two Portland locations of the Stanford’s restaurant chain, according to the Statesman Journal. And in the Seattle area, Palomino, Stanford’s and three Henry’s Tavern locations were all closed for good, the Puget Sound Business Journalreported. Meanwhile, in the San Francisco Bay Area, Palomino and Kincaid’s Fish, Chop & Steakhouse didn’t make the Landry’s cut.