Jump to content

The Palm - Owners Wally Ganzi and Bruce Bozzi Have Closed and Sold the Original 2nd Avenue Location for $5.9 Million - All Other Locations Remain Open

Recommended Posts

Could someone in the business please explain for us why, if it's absolutely clear that a restaurant isn't going to reopen, they say "Closed for renovations?" Is it to stave off creditors? Are there some other reasons?

I can see an owner wanting to hang on until all possible avenues have been explored, but this happens nearly *every time* a restaurant closes.

So what are the possible reasons a restaurant would do this?

Speaking of this, the original Palm Restaurant is not reopening:

"Miss Steak? Palm Restaurant Selling Original 2nd Avenue Location" by Rich Bockmann on therealdeal.com

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Create New...