Owner of Ray’s on the River retires, to sell restaurants – 11Alive.com WXIA

0 minutes, 33 seconds Read
image

ATLANTA — An Atlanta restaurateur who has operated a collection of upscale steak and seafood restaurants for 40 years will sell his company.

Ray Schoenbaum, founder and owner of Ray’s Restaurants, is retiring, according to a statement provided to Atlanta Business Chronicle. He has an agreement to sell his three restaurants: Ray’s on the River, Ray’s in the City and Ray’s at Killer Creek.

TEI Hospitality, a family-owned restaurant and hospitality company based in Kennesaw, is the buyer.

A spokesperson for Ray’s Restaurants could not disclose the value of the deal, or additional information about the buyer. It’s not clear what the buyer plans for the restaurants.

This post was originally published on 3rd party site mentioned in the title of this site

Similar Posts