Greer Companies
Greer Companies Overview
Industry
About Greer Companies
Greer Companies is a family-owned hospitality and commercial real estate development firm headquartered in Lexington, Kentucky. With over 30 years of experience, the company has developed, owned, and operated more than 60 full-service independent and national chain restaurants, as well as several fine casual eateries.
Additionally, Greer Companies serves as a franchisee and operator for multiple hotel chains, including Marriott, Hilton, and InterContinental.
Hospitality Sector
In the hospitality sector, Greer Companies has a notable history with Cheddar's Casual Café. Since 1996, they developed and operated 45 Cheddar's locations, achieving operating revenues exceeding $200 million.
In January 2017, they sold their restaurant operations to Cheddar's Scratch Kitchen and subsequently to Darden Restaurants. Despite the sale, Greer Companies retained ownership of the real estate associated with these locations and maintained a minority stake in the company.
Beyond Cheddar's, Greer Companies has developed several independent restaurant concepts, including Coba Cocina, Cobar Cantina, Cocoh! Confectioner, and Willie’s Locally Known.
They have also invested in local Lexington restaurant concepts such as Honeywood, Vinaigrette Salad Kitchen, and Corto Lima.
Hotel Sector
Greer Companies is a franchisee of Hilton, Marriott, and the Intercontinental Hotel Group. Their hotels are conveniently located in cities and towns across the South, providing comfortable accommodations with exceptional value and service.
Commercial Real Estate Development
The company has completed over $1 billion in new construction and developed more than 100 commercial properties. Their portfolio includes many exceptionally located single-tenant net-leased outparcels with property holdings in eight states.
Notable developments include:
- City Center in downtown Lexington: a $240 million mixed-use project featuring a 700-car underground parking garage, a 216,881 square foot tower with retail and restaurant space, office and residential units, a 218-room Marriott Hotel, and a 119-suite Residence Inn.
- The Fountains at Palomar: a multimillion-dollar mixed-use development situated on 16.25 acres at the corner of Man O’ War Boulevard and Harrodsburg Road in Lexington, Kentucky.
Locations
Greer Companies is based primarily in:
- Lexington, KY, USA
Business Investments and Subsidiaries
Greer Companies has a diverse range of business investments and subsidiaries, including:
- Vinaigrette Salad Kitchen: A fresh-casual eatery specializing in gourmet salads, soups, and lemonades.
- Breakout Games: Real-life games where participants follow clues and solve puzzles to escape a room before time expires.
- Frontier Utilities: A retail electric provider serving residential, commercial, and industrial customers in deregulated markets with affordable energy plans and superior customer service.
- Woodbridge Furniture: A high-end home furnishings brand offering case goods, dining, and occasional furniture.
- Black Duck Racing, LLC: A thoroughbred racing organization affiliated with Blackwood Stables, a full-service training, breaking, and rehabilitation facility in Lexington, KY.
- White Oak Commercial Real Estate: The commercial real estate division of Greer Companies.
- NetLaw: A platform helping customers quickly and affordably create estate plans using expert technology.
Through these diverse ventures, Greer Companies demonstrates a commitment to community engagement, economic development, and the creation of memorable experiences across various industries.