Live Nation Entertainment has acquired a majority stake in David Grutman’s Groot Hospitality.
The company’s portfolio includes top dining, entertainment and hospitality brands.
Groot Hospitality’s footprint currently includes LIV (2009), Story (2012), Komodo (2015), Swan & Bar Bevy with Pharrell Williams (2018) and Papi Steak (2019) and is set to expand with 11 new projects in Miami, Las Vegas, Dallas & Dubai slated to open in the next 24 months.
Live Nation will tap into Grutman’s expertise to elevate and launch offerings across Live Nation’s venues, festivals and events.
David Grutman will remain as CEO of Groot Hospitality along with executives Chris Cuomo and Mo Garcia.
“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.”
David Grutman
“Entertainment is the DNA of Groot Hospitality, so it was a natural fit for us to join the leading live entertainment company,” said Grutman.
“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.”Music Business Worldwide
