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Barry Sternlicht

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Does David Burke Come With That Steakhouse?

B.R. Guest, the mammoth restaurant group behind Dos Caminos, Ruby Foo’s, and a lot of other big-money operations, is installing a steakhouse in the old Park Avenue Country Club space. The question is, will it be a sister to their hugely successful David Burke Primehouse in Chicago, or just another run-of-the-mill meatery? Burke tells us that negotiations are ongoing (the company is currently giving the name as “Prime’s”). But what’s holding up the negotiation?

B.R. Guest and Buy Our Restaurant Group

We hear from one of our most reliable sources that a very, very big restaurant deal is about to go through. According to him, the B.R. Guest group, owners of fourteen big Manhattan restaurants including Atlantic Grill, Fiamma, and the Dos Caminos locations, are about to be sold to zillionaire Barry Sternlicht of the Starwood Capital group. B.R. Guest denies it, but apparently, owner Steve Hanson has been looking to unload the group for some time and is already doing business with Sternlicht, a former hotel magnate now wheeling and dealing in private equity and real estate. Looks like we're about to be somebody else’s guest.