Hospitality

What makes Legacy a perfect host for the hospitality industry? It's simple: we have an insider's understanding. For many years, we have acted as both bankers and principal investors in the hotel, restaurant and entertainment sectors. It is a challenging, but rewarding business, subject to major economic and capital market shifts, but one that we know well. We know the players, understand the margins, and have a long history of achieving results for our hospitality clients.

Prior to joining Legacy, members of our banking team and advisory board were involved in an impressive number of hospitality IPOs and secondary offerings including: Equity Inns, RFS Hotel Investors, Winston Hotels, Shoney's South, Inc., Quality Dining, Inc. (Burger King), D'Lites of America, Inc., and Apple South. We are also proud of our client transactions completed while here at Legacy and have included a selected number of them

Mergers & Acquisitions

Papa South, LLC

has acquired
the existing restaurants in Mississippi as franshisee of Papa John's International, Inc. (Nasdaq: PZZA)

French Quarter Holdings, Inc.

Acquisition Advisory

$40,000,000 and $28,000,000

Innovative Restaurant Concepts, Inc.

merged with

Applebee's International, Inc.   $50,000,000 Fairness Opinion and M&A advisory

Monterey's Acquisition Corp.

has been acquired by

Casa Ole Restaurants, Inc. for $12,000,000

Parkwood Inn Holdings, Ltd..

has been acquired by

RFS Hotel Investors, Inc. for $17,000,000

Capital Raising

Rice America, Inc.
Undisclosed
Principal Investment

Donatos Pizza
Undisclosed
Private Placement

capital provided by

The Shareholders of Donatos Pizza, Inc. Retail Investors

Lovett's Buffet, Inc.
$7,000,000
Private Placement and M&A Advisory

has acquired

Suburban Lodges of America, Inc.
IPO and Follow on Offerings

$65 million IPO

$56 and $84 million follow on offerings

Debt Restructuring

Legacy Associates, LP
.

has developed and is the lead investor in


A 138 room Extended Stay Facility in Barlett, TN

Buckhead America Corporation


Legacy advised Buckhead America on the restructuring of its subordinated debt obligations.