Global hospitality company Delaware North has completed the acquisition of a portfolio of 32 restaurants and food outlets operated by Creative Food Group at five airports in the United States.
The transaction includes locations at Lexington Bluegrass Airport (Kentucky), Syracuse Hancock International Airport (New York), Tulsa International Airport (Oklahoma), Midland International Air & Space Port (Texas), and Tucson International Airport (Arizona). Financial terms are not being disclosed.
“Creative Food Group has done a tremendous job in building its portfolio, with a healthy balance of proprietary, regional and national brands,” said James Obletz, senior vice president of corporate development at Delaware North. “This was a great opportunity for Delaware North to acquire assets that align with our existing operating model at airports around the world.”
Delaware North operates dining and retail services at more than 30 airports and travel hubs around the world, including Los Angeles International Airport, Hartsfield-Jackson Atlanta International Airport, Logan International Airport, London Heathrow Airport and Melbourne (Australia) Airport. The company’s 300-plus total airport outlets include more than 200 brands — a mix of award-winning proprietary concepts, local and national partnerships and franchises.
“It has been exciting to play a part in building an award-winning company and I am confident Delaware North is the organization that will take it to the next level,” said Roger Schwandtner, vice president of business development for Creative Food Group.
