Live Nation announced Monday (Oct. 21) it has acquired a majority stake in David Grutman’s Groot Hospitality.
Groot Hospitality’s portfolio includes top dining, entertainment and hospitality brands including Florida nightclubs and bars LIV, Story, Komodo, Swan & Bar Bevy with Pharrell Williams and Papi Steak. The company is set to expand with 11 new projects in Miami, Las Vegas, Dallas & Dubai slated to open in the next two years.
"Entertainment is the DNA of Groot Hospitality, so it was a natural fit for us to join the leading live entertainment company," said Grutman in a release. "Live Nation shares my passion for creating once in a lifetime experiences and together we will grow our portfolio worldwide while pushing the limits of fans’ expectations."
