Monday, July 30, 2007

Straits looking to conquer world, cash out

Chris Yeo of Straits, who mints money out of his Santana Row and Westfield SF Center locations, is closing on a lease in Las Vegas and is in talks with Host Hotels about a hotel in Newport Beach, a deal that could potentially lead to a partnership or acquisition.

Yeo wants to get bought or go public in four years, so brought in nightlife and front-of-the-house restaurant guru Parnell Delchan, who, random trivia, at one point was Matthew McConaughey's boss at Kwanzaa in New York. [Can we play this up for our LA readers?? -ed.]

He's also looking at mall deals in the Midwest and some other deals in Vegas. Not bad for a former hairdresser.

More in the ...

Business Times: Straits owner brings on manager to grow chain (free link)

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