Ark Restaurants signs leases with New York-New York Hotel & Casino, Las Vegas, to operate three restaurants in 'The Greatest City In Las Vegas'.NEW YORK--(BUSINESS WIRE)--May 17, 1996--Wholly owned subsidiaries of Ark Restaurants Corp. have signed leases with New York-New York Hotel & Casino, an equal joint venture between MGM MGM in full Metro-Goldwyn-Mayer, Inc. U.S. corporation and film studio. It was formed when the film distributor Marcus Loew, who bought Metro Pictures in 1920, merged it with the Goldwyn production company in 1924 and with Louis B. Mayer Pictures in 1925. Grand, Inc. (MGG MGG Musik in Geschichte und Gegenwart (German: Music in History and Presence; musical encyclopedia) MGG Molecular and General Genetics (journal) MGG MGM Mirage, Inc. :NYSE NYSE See: New York Stock Exchange ) and Primadonna Resorts, Inc. (Nasdaq:PRMA PRMA Packet Reservation Multiple Access PRMA Puerto Rico Manufacturers Association PRMA Pharmaceutical Research and Manufacturers of America ) to build and operate three restaurants and a food court in the 2,035 room, $460 million New York-New York Hotel & Casino. Hailed as 'The Greatest City in Las Vegas,' this new resort is scheduled to open in December 1996. The three restaurants are America, a 450 seat, twenty-four hour a day eatery; Gallagher's, a 150 seat steak house, which will operate under a license agreement from the owner of the famed New York establishment of the same name, and a 180 seat Mexican Cantina. The Food Court, themed after New York's Greenwich Village, will comprise an array of fast food restaurants and kiosks offering a wide range of foods from New York deli sandwiches to Brooklyn-style pizza. As previously announced, Ark will also operate the hotel's room service and banquet facilities, in addition to the employee cafeteria. New York-New York Hotel & Casino will recreate traditional New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. landmarks and attractions, including a classical Manhattan skyline with 12 New York-style skyscrapers, which will house hotel guest rooms and suites. The property will feature other famous Big Apple icons, such as a 150-foot replica of the Statue of Liberty Statue of Liberty great symbolic structure in New York harbor. [Am. Hist.: Jameson, 284] See : America Statue of Liberty perhaps the most famous monument to independence. [Am. Hist.: Jameson, 284] See : Freedom , a Coney Island-style roller coaster and a 300-foot long replica of the Brooklyn Bridge. Ark Restaurants owns and operates 23 restaurants and manages 6 restaurants: 19 in New York City; four in Washington, D.C.; three in Boston and one each in Rhinebeck, New York; McLean, Virginia, and Islamorada, Florida. The company also operates successful catering businesses in New York City and Washington, D.C. and two wholesale and retail bakeries in New York City. -0- The information and opinions contained in this release have been furnished and approved by Ark Restaurants Corp. We are retained by them as investor relations counsel. CONTACT: Arthur Schmidt & Associates, Inc. for: ARK RESTAURANTS CORP. Tel (212) 953-5555 Fax (212) 953-5554 OR Robert Towers Vice President Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. 212-206-8800 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion