SPB Hospitality is a multi-brand restaurant operator headquartered in

Houston Houston ( ) is the List of cities in Texas by population, most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the county seat, seat of ...

Texas Texas ( , ; or ) is the most populous U.S. state, state in the South Central United States, South Central region of the United States. It borders Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the we ...

. The company owns several

casual dining Restaurants fall into several industry classifications, based upon menu style, preparation methods and pricing, as well as the means by which the food is served to the customer. This article mainly describes the situation in the US, while categor ...

restaurant chain A chain store or retail chain is a retail outlet in which several locations share a brand, central management and standardized business practices. They have come to dominate many retail markets, dining markets, and service categories in many pa ...

brands, including Logan's Roadhouse, Old Chicago Pizza + Taproom, J. Alexander's, Stoney River Steak House, Krystal Restaurants, Gordon Biersch Brewery Restaurants, and Rock Bottom Restaurants Breweries. It is the owner of the holdings of the former CraftWorks Company. As of November 2019, CraftWorks owned and operated over 390 restaurants in the United States, but all of its owned-and-operated locations closed by March 2020, after a

Chapter 11 bankruptcy Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, w ...

followed immediately by the

COVID-19 pandemic in the United States On December 31, 2019, China announced the discovery of a cluster of pneumonia cases in Wuhan. The first American case was reported on January 20, and United States Department of Health and Human Services, Health and Human Services Secreta ...

, and CraftWorks terminated its 18,000 employees, leaving fewer than 25 employed. On June 12, 2020, SPB Hospitality purchased Craftworks businesses out of bankruptcy for $93 million.

History

In 1976, the first Old Chicago taphouse opened in

Boulder, Colorado Boulder is a List of municipalities in Colorado#Home rule municipality, home rule city in Boulder County, Colorado, United States, and its county seat. With a population of 108,250 at the 2020 United States census, 2020 census, it is the most ...

. The first Gordon Biersch Brewery Restaurant was opened in

Palo Alto, California Palo Alto ( ; Spanish language, Spanish for ) is a charter city in northwestern Santa Clara County, California, United States, in the San Francisco Bay Area, named after a Sequoia sempervirens, coastal redwood tree known as El Palo Alto. Th ...

on July 6, 1988. The first Rock Bottom restaurant opened in

Denver, Colorado Denver ( ) is a List of municipalities in Colorado#Consolidated city and county, consolidated city and county, the List of capitals in the United States, capital and List of municipalities in Colorado, most populous city of the U.S. state of ...

in 1991. In 1993, Big River Breweries opened its first location in

Chattanooga, Tennessee Chattanooga ( ) is a city in Hamilton County, Tennessee, United States, and its county seat. It is located along the Tennessee River and borders Georgia (U.S. state), Georgia to the south. With a population of 181,099 in 2020, it is Tennessee ...

. Rock Bottom Restaurants, Inc., made an initial public offering in 1994. In 1995, the first ChopHouse opened in Denver, Colorado. Big River Breweries opened the only brewpub at Walt Disney World in 1996. A private management buyout took Rock Bottom Restaurants, Inc. private in 1999. In the same year, Gordon Biersch was acquired by Big River Breweries. In 2000, Rock Bottom Restaurants formed the Rock Bottom Foundation, a 501(c)(3) non-profit entity. Rock Bottom Restaurants laid off about 20% of its corporate staff in 2007 and slowed its growth plans along with ceasing its search for an equity partner. In 2010, Rock Bottom Restaurants and Gordon Biersch Brewery Restaurant Group were acquired by Centerbridge Capital Partners and merged to form CraftWorks Restaurants and Breweries, Inc. On November 1, 2018, CraftWorks announced that it had acquired

Logan's Roadhouse Logan's Roadhouse is an American chain of casual dining restaurants based in Houston, Texas, United States, founded in 1991 in Lexington, Kentucky, U.S. There are 135 Logan's Roadhouse locations throughout twenty-two states. The chain uses retro ...

and formed Craftworks Holdings. Logan's Roadhouse is a chain of restaurants founded in 1991 in

Lexington, Kentucky Lexington is a Consolidated city-county, consolidated city coterminous with and the county seat of Fayette County, Kentucky, United States. As of the 2020 United States census, 2020 census the city's population was 322,570, making it the List of ...

. The chain's menu includes mesquite-grilled steaks, traditional American fare (sandwiches, soup, salads, and seafood), ice-cold longneck beer, and homemade yeast rolls. On June 12, 2020, Craftworks was purchased by SPB Hospitality for $93 million. SPB Hospitality is an affiliate of Fortress Investment Group. In 2021, SPB Hospitality acquired J. Alexander's Holdings. In 2023, SPB acquired Krystal Restaurants.

Bankruptcy and sale to SPB Hospitality

On March 3, 2020, CraftWorks filed for Chapter 11 bankruptcy reorganization. At the same time, the company entered into an agreement with affiliates of Fortress Credit Co. LLC, its senior lenders, to sell the company for at least $138 million, plus the assumption of certain liabilities, CraftWorks said in a news release. However, Fortress Credit later withdrew a $23 million loan for continuing operations; it then agreed to fund $6 million to finance continuing operations, and on April 1, 2020, CraftWorks terminated nearly all 18,000 of their employees and terminated health care benefits as of March 31, 2020.

Brands

* Gordon Biersch Brewing Company *

J. Alexander's J. Alexander's Holdings Inc. is an American restaurant company that operates several casual dining restaurant chains. The company is headquartered in Nashville, Tennessee. History The company was founded in 1971 as Volunteer Capital Corporati ...

* Krystal *

* Old Chicago Pizza & Taproom * Redland's Grill * Rock Bottom Restaurant Breweries *

Stoney River Legendary Steaks Stoney River Steakhouse & Grill is a chain of steakhouses in the United States. In 2008, the company had 12 locations. As of 2025, there are ten Stoney River restaurants. The chain is owned by J. Alexander's. In 2007, O'Charley's O'Charley ...

Logan's Roadhouse

Logan's Roadhouse serves American food. The chain's menu includes mesquite-grilled steaks, traditional American fare (sandwiches, soup, salads, and seafood), ice-cold longneck beer, homemade yeast rolls, and unlimited buckets of in-shell peanuts. Logan's serves appetizers, steak, and hamburgers, and offers side dishes such as salad, french fries, homestyle potato chips, rice pilaf and sweet or baked potatoes.

Old Chicago Pizza & Taproom

CraftWorks Restaurants & Breweries operates 60 restaurants under the name Old Chicago. Franchise partnerships under its Old Chicago brand account for 36 additional locations not owned or operated by CraftWorks. Old Chicago restaurants can be found in 22 states.

Gordon Biersch Brewery Restaurants

Gordon Biersch combines German-style beer and its made-from-scratch cuisine. Featuring German lagers brewed according to the German Purity Law of 1516 (''

Reinheitsgebot The (; ) is a series of regulations limiting the ingredients in beer in Germany and the states of the former Holy Roman Empire. The best known version of the law was adopted in Bavaria in 1516 (by William IV), but similar regulations predate the ...

''), Gordon Biersch has won numerous gold medals at both the

Great American Beer Festival The Great American Beer Festival (GABF) is an annual beer festival hosted by the Brewers Association, held in Denver, Colorado. Typically held in late September or early October, the event is currently held at Denver's Colorado Convention Cente ...

and

World Beer Cup The World Beer Cup is an international beer competition organized by the Brewers Association, a trade group A trade association, also known as an industry trade group, business association, sector association or industry body, is an organizatio ...

. Gordon Biersch offers a made-from-scratch American menu with international flavors. The first Gordon Biersch opened in Palo Alto, California. The company was acquired by Big River Brewing Company in 1999 and later renamed Gordon Biersch Brewery Restaurant Group, Inc. The company reported six locations in Taiwan.

Rock Bottom Restaurant Breweries

The company operates 16 breweries under the name Rock Bottom Restaurant & Brewery. These breweries are located in several states, with five restaurants in Colorado, five in Illinois and one restaurant each in California, Florida, Maryland, Massachusetts, Minnesota and Virginia. The store was renamed Rock Bottom after someone pointed out that they were "building at the bottom of the rock," which was Prudential's slogan at the time. In 2000, the Boston-based Brew Moon Enterprises Inc. filed for bankruptcy and sold four of its five restaurant-microbreweries to Rock Bottom. In 2009, the La Jolla location in San Diego won a medal at the

, and in 2012 they medaled at the

. Rock Bottom Restaurants won Brewpub Group Brewer of the Year award at the 2013 Great American Beer Festival (GABF).

References

{{Portalbar, Companies Regional restaurant chains in the United States Companies based in Chattanooga, Tennessee Drinking establishment chains in the United States Steakhouses in the United States Pizza chains of the United States 2020 establishments in Colorado