Landry’s buys upscale steak, seafood chain

Landry’s has acquired a restaurant chain that includes some of the priciest steakhouses in the U.S.

Houston-based Landry’s purchased the 10-unit steak and seafood chain Mastro’s Restaurants, based in Woodland Hills, Calif. The chain’s two main concepts are Mastro’s Steakhouse and Mastro's Ocean Club.

“Each of their 10 restaurants take in about USD 13 million a year annually,” Landry’s chairman and CEO Tilman Fertitta said.

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