MORE

Morton's Steakhouse Chain Looking For a Buyer?

Morton's in downtown LA.
Morton's in downtown LA.

Morton's, Arnie Morton's, Morton's The Steakhouse... whatever you want to call it, the upscale steakhouse chain with 77 locations may be looking for a new daddy. Parent company Morton's Restaurant Group has begun "exploring strategic options," including a possible sale, reports NRN.

After a tough couple years for the high-end chain, which relies on plenty of corporate credit cards to pay for those $49 double-cut filet mignons and $17 burgers, business travel and convention attendance have begun rebounding with same-store sales rising 4.8% for 2010.

With locations in Burbank, Woodland Hills, downtown LA and near Beverly Hills, Morton's is something of an institution -- albeit a prefab, corporate-owned one. The Chicago-based company has been public since February 2006, and also operates Trevi, an upscale Italian restaurant chain in Las Vegas.

Use Current Location

Related Location

miles
Arnie Morton's The Steakhouse

735 S. Figueroa St.
Los Angeles, CA 90017

213-553-4566

www.mortons.com


Sponsor Content