Monday, April 5, 2010

Legacy Property Group Ends Relationship With Concentrics Hospitality

Developer David Marvin and his Legacy Property Group end relationship with their former management company, Concentrics Hospitality Solutions. Opened in November 2007, STATS Food Play was opened and managed by Concentrics. In May 2009, Legacy once again called on Concentrics to redevelop the in-house restaurant at their Glenn Hotel. Having already gone through two concepts, B.E.D. and Maxim Prime, in under two years, Marvin hoped Concentrics could breathe new life into the restaurant space. June saw the opening of yet another Concentrics developed concept, Max's Coal Oven Pizzeria, which opened next door to STATS at 300 Marietta Street.

The twist with STATS is that Metrotainment Cafes filed suit against Legacy Property Group this past December alleging breach of contract, unjust enrichment and conversion and is seeking "not less than $250,000" plus the reimbursement of lease payments, punitive damages and attorney's fees. The suit centers around a concept "GAME! Downtown Sports Bar & Grill, that Metrotainment developed, designed and secured building permits for space that they were to lease from Legacy in March 2005. Metrotainment claims the 21,000 s/f space was not completed on time or as ordered. Instead, Legacy enlisted Concentrics and opened STATS Food Play, a strikingly similar concept to GAME!.

Where we are today? With the management contract set to expire later this year, Legacy Property Group chose not to renew their management contract with Concentrics and has hired former Bricktop's Buckhead GM Brian Bullock as Director of Restaurant Assets for Legacy Property Group to bring all restaurant operations in house. Bullock claims no substantial changes will be made at either restaurant though a management overhaul is expected. In related news, 30 Tables and 11 Stories at the Glenn Hotel are also no longer being managed by Concentrics. Denver based Sage Hospitality, already the management company of record for the Glenn, assumed management control of both 11 Stories and 30 Tables April 2nd. Additionally, Legacy Property Group signed a deal with Marriott for its downtown Glenn Hotel to become one of the first properties in Marriott's new "Autograph Collection." Still an independent hotel of sorts, the Glenn will gain access to Marriott's worldwide reservation system and is one of 25 hotels Marriott hopes to have within the Autograph Collection by year end. The Glenn hopes to have all changes and additions in place by late May or early June. ToNeTo Atlanta

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