Swamplot Archives by Tag: Landry’s

Friday, September 25, 2009

Galveston’s Flagship Hotel: No Sale

Those rumors earlier this summer that Galveston’s Flagship Hotel would soon be sold to an unnamed buyer didn’t pan out. And now it looks like Landry’s Restaurants may also be backing away from its earlier backup plan to tear down the hotel and build a “pleasure pier” in its place. A Landry’s official tells the Galveston County Daily News’s Laura Elder the company now plans to repair and reopen the hurricane-ravaged hulk-on-a-pier at 25th Street and Seawall Blvd.:

The city built the Flagship in 1965 as a show of confidence after Hurricane Carla struck the coast.

If Landry’s developed an entertainment complex, it would return the 25th Street pier to its roots. In 1943, the city built the Galveston Municipal Pleasure Pier.

At 1,130 feet long, the pier held a dance hall, a 2,000-seat open air arena, restaurants and concessions, according to the “Galveston Architecture Guidebook.”

Landry’s officials declined to divulge what their specific plans were.

The company is assessing the price of repairs, [Landry’s VP Steve] Greenberg said.

Photo: Ellen Yeates

Read more about: , , , , , ,
Tuesday, June 30, 2009

Roller Coaster on the Pier: Crunch Time for the Flagship Hotel

There may be a buyer for Galveston’s Flagship Hotel, reports Laura Elder in the Galveston County Daily News. The hotel suffered about $7 million in damage from Hurricane Ike last year. But Landry’s Restaurants, the current owner, has a fallback plan in case the sale doesn’t go through:

If the 225-room property at 25th Street and Seawall Boulevard doesn’t sell, Landry’s likely would demolish the hotel and develop a “pleasure pier” with amusement rides, officials say. . . .

Landry’s is pricing demolition for the hotel, built in 1965 as a show of confidence after Hurricane Carla, Jeff Cantwell, senior vice president for development, said.

Perched on a pier overlooking the Gulf, the Flagship fell into disrepair on its own after 1990, when The Flagship Hotel Ltd. took over management.

Landry’s paid the city $500,000 for the hotel in 2004, saying it planned to spend $15 million transforming the property into an entertainment plaza with amusement rides, including a roller coaster.

Landry’s attempted to move ahead, but was stymied by agreements that gave Daniel Yeh, head of The Flagship Hotel Ltd., control of the hotel until 2031.

Continue Reading This Story >

Read more about: , , , , , , , ,