Live Nation Acquires David Grutman's Groot Hospitality
David Grutman, the King of Miami Nightlife, speaks during day three of the 33rd annual Nightclub & Bar Convention and Trade Show on March 28, 2018 in Las Vegas.
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."
Groot Hospitality was formed in 2018 to include all of Grutman’s ventures into one company.
Live Nation will tap into Grutman’s expertise to elevate and launch offerings across Live Nation’s venues, festivals and events. Grutman will remain as CEO of Groot Hospitality along with executives Chris Cuomo and Mo Garcia.
