Thursday, December 07, 2006

The Seminole Tribe of Florida has agreed to buy Orlando-based Hard Rock International for $965 million

The portfolio includes 68 company-owned Hard Rock Cafe restaurants and retail stores, including 44 in the United States, three in Canada, 17 in Europe, three in Australia and one in Puerto Rico. Hard Rock Cafe Louisville, located at Fourth Street Live downtown, is included in the deal.

The business is being sold by the U.K.-based Rank Group PLC, which wants to focus on its European gaming businesses. The closing is expected in early March.

In getting the business, the tribe will gain an estimated 70,000-item collection of rock memorabilia -- the world's largest collection of authentic music memorabilia -- ranging from a Chuck Berry guitar to one of Madonna's bustiers.
http://tinyurl.com/ya3bp6

No comments: