HOUSTON (KTRK) -- Michael, 25, and Patrick, 23, Fertitta are the oldest sons of Houston's most well-known billionaire. Greg Abbott has reappointed Tilman Fertitta and Beth Madison to the University of Houston System Board of Regents, and appointed insurance professional Ricky Raven to the governing body that oversees the. Jon Shapley, Houston Chronicle / Staff photographer Show More Show Less 2 of 2With a net worth of $8. Nov 15, 2022. Daily Lines. [4] [5] Fertitta is chairman of the board of regents of the University of Houston System. Tilman J. Reid Laymance, Staff writer. 1 billion. He grew up with his three siblings, Michael Fertitta, Blayne Alexandra Fertitta, and Blake Fertitta . Janice McNair, widow of Robert McNair and inheritor of his 80 percent stake in the Houston Texans, is. Tilman Fertitta is a busy man. Tilman Fertitta enters the fray for the Commanders. Jeff Bezos is out, even if he was never in. Fertitta will also be the Company. RELATED: Who is Tilman. Boat of the Week: Meet ‘Boardwalk,’ Houston Rockets Owner Tilman Fertitta’s Showstopping 252-Foot Superyacht. Houston Rockets governor Tilman Fertitta was among those interested in buying the Commanders from Snyder,. , said he believes the large acquisition of company stock by Houston billionaire Tilman Fertitta is a wise investment decision as opposed to a prelude to. Tilman Fertitta, a Houston native, is an accomplished businessman and recognized as a world leader in the dining, hospitality, entertainment, and gaming industries, and who Forbes referred to as “the richest restauranteur in the world. 6 billion a year ago, ranking No. Photo by Jennifer Reynolds;A Tilman Fertitta-owned luxury resort on the Las Vegas Strip would be fun to see, and would probably mean a revamp of the entire neighborhood, including the sadness that is the Hawaiian Marketplace. Billionaire businessman Tilman Fertitta. In 2017, Fertitta purchased the NBA's Houston Rockets for a record $2. The Houston billionaire has filed plans for a 43-story, 2,420-room hotel-casino on a plot of real estate he purchased this year for $270 million. With his new Las Vegas resort in the works, billionaire Tilman Fertitta has also purchased a luxury hotel in Southern California. “I'II be flatout honest, I made a. Fertitta said that while he did bid on Washington, he is now “done. Appearing on CNBC, via Nicki Jhabvala of the Washington Post, the Houston Rockets owner explained why he didn’t join the others at that number. 6. And let. According to the county, the project is from developer Tilman Fertitta. 2 billion purchase by Fertitta in October 2017. Tillman Fertitta must own the team for it to make a profit. Tilman J. There is a new name in the mix to buy the Washington Commanders. CEO Tilman Fertitta dropped on Forbes' America’s Richest Sports Team Owners 2023 list. As Covid-19 continues to spread across the United States, Tilman Fertitta, the Houston Rockets ’ owner and CEO of Landry’s, Inc. is living up to his popular I-swear-I-love-Houston tweet, “Bury me in the H. Frank Fertitta Jr. Fertitta, who is married and a father of four, has a net worth of $3. Tilman Fertitta's family fills the front row during a press conference held by Fertitta, the new owner of the Houston Rockets, at Toyota Center, Tuesday, October 10, 2017. Tilman Fertitta, owner of Landry's, Inc. HOUSTON (AP) — Tilman Fertitta has been a fan of the Rockets since before they moved to Houston, and after a failed attempt to buy the team long ago he was prepared to do whatever it took not to. Rockets owner Tilman Fertitta is quite aware of thoese two facts and already connecting dots. Tilman Fertitta's new yacht, also called the Boardwalk like his smaller ship, is docked at Pier 21 in Galveston on Monday, Jan. m. Tilman Fertitta meets with his executive hospitality team to discuss their upcoming Mardi Gras party hosted on Galveston Island on Tuesday, Feb. Often referred to as “the world’s richest restaurateur,” Texas businessman Tilman J. 1% stake in Wynn Resorts. 4. Tilman Fertitta hosts Parker McCollum for a private meet and greet in The Oak Room at the Post Oak Hotel in Houston, TX Monday, Feb. The. Grammy Award-winning entertainers. Post Oak Motor Cars is a place he feels comfortable. Clark County commissioners are scheduled Wednesday to consider the Houston mogul’s plans. He was introduced to the restaurant business early on, thanks to his father’s occupation. 04:57. 25, 2022. He has an estimated net. In the wake of the 2008 Financial Crisis, Tilman Fertitta was able to take his Houston-based Landry’s Inc. Tilman Fertitta, sole owner of Fertitta, will continue to lead the Golden Nugget/Landry's empire and serve as the Chairman, President and CEO of the Company. 5. Fertitta purchased the Houston Rockets in 2017 for $2. 7, 2023. Sky News has learnt that Tilman Fertitta, whose wealth is estimated by Forbes magazine at $6. Fertitta credited his long-game strategy; he always plans five to 10 years out. Fertitta and his family have pledged $50 million to the University of Houston College of Medicine to ignite a new era of innovative and equitable health care in Houston and across Texas. Houston billionaire Tilman Fertitta, who joined Mayor Sylvester Turner, police Chief Art Acevedo and McClelland for a ribbon-cutting, contributed an initial $2. In 2017, billionaire businessman and reality TV star Tilman Fertitta. The Houston Rockets owner said he will not go higher than that. On Feb. m. Tilman Fertitta, Jim Gray (Foreword) Shut Up and Listen! is a true leadership roadmap to the summit of career success and satisfaction, featuring concise principles for entrepreneurs and business leaders at any level. 6 billion for Commanders. His company and a SPAC are calling off an $8. . This isn't the first time Tilman Fertitta has taken his company public. For more than two decades, this Mardi Gras bash, hosted by billionaire Tilman Fertitta and his family, has maintained the bar for out-of-this-world partying in the stratosphere of revelry. to 10. But that doesn’t bother owner Tilman Fertitta, whose team committed to a rebuilding path after superstar guard James Harden’s forced departure. Fertitta Entertainment has agreed to pay as much as $33 million to avoid a legal battle after backing out of an $8. 85 billion. . Tilman Fertitta is a distant cousin of Station Casinos/Red Rock Resorts’ billionaires Frank III and Lorenzo Fertitta, are not intertwined. 5 billion to purchase the Commanders -- making him one. # 210 Tilman Fertitta $9. 29, 2022 8:55 p. 4 acres and includes six bedrooms and seven bathrooms. This gated estate is definitely one for the books. S. Tilman Fertitta-Led Landcadia Holdings Merges with WaitrDr. He purchased the Houston Rockets in 2017 for $2. Tilman Fertitta comes up the dramatic curving staircase with little fanfare. Tilman Fertitta meets with his executive hospitality team to discuss their upcoming Mardi Gras party hosted on Galveston Island on Tuesday, Feb. The kids have already grown up and are busy with. 26. Fertitta’s company has confirmed the purchase of the high-end, bluff-top hotel. Fertitta appeared on CNBC Wednesday and was asked whether the. (Nasdaq: DKNG) completed its acquisition of local billionaire Tilman Fertitta's Golden Nugget Online Gaming Inc. Fertitta Family College of Medicine is taking a bold and fresh new approach to medical education. We’re waiting for Tilman Fertitta. Official website [dead link] Frank Joseph Fertitta III (February 24, 1962) is an American businessman. 14 things to know about Tilman Fertitta Tilman Fertitta, CEO of Landry's, will host CNBC reality program "Billion Dollar Buyer," starting March 22. Despite trying season, Houston Rockets owner Tilman Fertitta says he is very excited about the franchise's future. JENNIFER REYNOLDS/The Daily News file photoHouston Rockets owner Tilman Fertitta, who also controls a gaming and restaurant empire, has built a 6. Fertitta tied for No. Fertitta had been in talks to merge his company, Fertitta Entertainment Inc. Olson reported that the focus would be on a strong football conference, but when it came to UH, he reported, “There still seems to be serious reluctance about engaging with Houston, which dates back to the conference’s unpleasant experience with UH board chairman Tilman Fertitta in 2016. He is a reality TV star, New York Times Best-selling author, speaker, frequent guest on popular TV business networks and is recognized as a world leader in the. But it's the myriad. Nov. , a privately owned, multi-brand restaurant corporation, one of the largest in the United States. Tilman Fertitta has reached a deal to become the new owner of the Montage Laguna Beach resort, representatives for the Houston billionaire said in a statement Monday. In a new interview with Chris Baldwin of PaperCity, Fertitta. Tilman Fertitta, owner of Landry's, Inc. John Whitmire formally launches Houston mayoral bid with backing of Tilman Fertitta, GOP mega-donors Jasper Scherer , Yilun Cheng , Staff writer Nov. will go public once again through a deal valued at $6. PHOTO: COURTESY MICHELLE WATSON/CATCHLIGHT GROUP. Westport Yachts is a luxury yacht builder based in Westport, Washington, USA. 4-acre lot and includes amenities such as an outdoor pool, a tennis court and a 1,323-square-foot garage complete with 11 parking spaces. The island has produced several billionaires over the years — the late oilman and developer George P. The Rockets currently practice at the Toyota. S. In an interview on “Power Lunch,” the. After tying the knot in 1991, the former Fertitta couple expanded their family from two to six. And pray for Victor! Billionaire seeks permits to begin work on Strip resort site. In this 5,000 square foot palace on the 22nd floor, Post Oak Hotel owner Tilman Fertitta has overseen the creation of a sophisticated aerie with just enough glitz to enthrall a Lady Gaga and. Paige Fertitta is the wife of the business magnet. 1 he would merge his Landry’s and Golden Nugget holdings with a ‘blank check’ company, valuing the business at $6. That makes him the second-largest individual investor in the Las Vegas-based company, after co-founder. This was personal for Tilman Fertitta. Facebook Twitter Email. Rockets owner Tilman Fertitta talks in his seat on the sideline during the first half of an NBA game between the Houston Rockets and Los Angeles Lakers in December. May 5, 2022. Astros pitcher Lance McCullers Jr. 2 billion, is apparently a fourth-generation member. According to both Mark Berman of Fox26 Houston and Adrian Wojnarowski of ESPN. ” as he and his business partners expand Maven. But now, the Houston Rockets owner is richer than. In the business world, Tilman Fertitta is a popular name. 1% stake. South, on Thursday, Oct. 24, 2023. By Bryan Horwath. HOUSTON, May 19, 2022 – Prominent businessman Tilman J. , which owns the restaurant giant Landry's, Inc. Tilman Fertitta owns an estate in the River Oaks area of Houston, according to Velvet Ropes. You may reach him directly by using his official contact information. Fertitta, a Houston native, is an accomplished businessman and recognized as a world leader in the dining, hospitality, entertainment, and gaming industries and is referred by Forbes as. Tilman Fertitta, who owns the NBA’s Houston Rockets, has reportedly placed a bid to buy the Washington Commanders of the NFL, according to the Washington Post. Stephanie Renee Hunter, 28, is accused of. . Tilman Fertitta has expanded his restaurant portfolio and presence in the Seattle area with the addition of dining destinations from Restaurants Unlimited, including Cutters Crabhouse and Palisade/Maggie Bluffs, as well as other multiple restaurant brands in Washington, Oregon, California, Alaska and Minnesota. 4. (Image: montagehotels. Ryan Day will coach Ohio State against Michigan on Saturday. Raquel Natalicchio/Staff photographerFertitta has planted his flag on the Strip. . 2. Landry’s Buying Del Frisco’s Double Eagle Steakhouse, Grille Concepts. (Pictured left to right) Tilman Fertitta, Beth Madison and Ricky Raven. Tilman Fertitta, also known as the Billion Dollar Buyer, started his hospitality empire thirty years ago with just one restaurant. Houston Rockets owner Tilman Fertitta trumpeted the hiring of Ime Udoka as the first step in "phase two" of the franchise's rebuilding process, in which immediately. 6-billion offer while others have reportedly jumped to the $6-billion range. (Photo by Michelle. TILMAN FERTITTA Indeed, Fertitta has been lauded— both within and outside of the com-pany—for his ability to suss out con-sumer behavior and predict how it will evolve over time. The commission approved Fertitta’s plans for a 43-story. 56 billion The news was first reported by Houston Business Journal. It will have a remarkable and lasting impact on Houston and the world. Tilman Fertitta, Landry's Chairman & CEO, on the health of the consumer with CNBC's Melissa Lee and the Fast Money. Advertisement. Billionaire Tilman Fertitta is the proud owner of the 77-meter superyacht, Boardwalk, which was delivered in 2021. Rockets owner Tilman Fertitta is quite aware of thoese two facts and already connecting dots. That is. In an article published this week, billionaire Tilman Fertitta revealed to the Hollywood Reporter and Chronicle design writer Diane Cowen a level of Texas excess and ostentation heretofore unknown. Tilman Fertitta is taking his restaurants public. Fertitta announced Monday that he acquired. Teams. If you’re a sports fan, you may know. Rockets owner Tilman Fertitta makes $5. Appearing on CNBC, via Nicki Jhabvala of the Washington Post, the Houston Rockets owner explained why he didn’t join the others at that number. Tilman Fertitta hosts Parker McCollum for a private meet and greet in The Oak Room at the Post Oak Hotel in Houston, TX Monday, Feb. , and is the owner of the NBA team the Houston Rockets. Tilman Fertitta is a one-woman man. This vessel has a long, instantly recognizable profile. Tilman Fertitta has been busy lately. Fertitta and the associated Fertitta Entertainment, owns Golden Nugget casinos in Las Vegas and four other locations. The Hard Rock Hotel & Casino Lake Tahoe will soon see a new owner: billionaire Tilman Fertitta, the owner. College team. A company controlled by Houston billionaire restaurant mogul Tilman Fertitta has agreed to pay about $43 million for the Wildwood Casino and Hotel in Cripple Creek in a deal expected to be. Tilman Fertitta's new $150 million superyacht spotted docked on Galveston waterfront. For entrepreneurs ready to reach the next level of success, small business owner turned multi-Billionaire Tilman Fertitta shares the commonsense principles that have rocketed his worldwide entertainment, hospitality and real estate empire to the top. Michael Fertitta’s dad shared a picture congratulating him on his. 6 billion blank-check deal to take his restaurant and casino empire public, prompting threats of legal action from the merger partner. Rockets owner Tilman Fertitta confident in process and future for rebuilding franchise Brian T. 3. The NBA approved the $2. (Jay LaPrete/AP) 8 min. Take a tour through HPD's Tilman Fertitta Family Tactical Training Center, a multi-million-dollar training facility that allows officers and cadets to experi. Fertitta and his family have pledged $50 million to the University of Houston College of Medicine to ignite a new era. Billionaire Tilman Fertitta’s project was approved on Wednesday by the Clark County Commission. About Fertitta family. Wynn’s stock rose more than 11 percent Monday morning on the Nasdaq following news of the stock acquisition and closed at $63. For Tilman Fertitta, the billionaire restaurant magnate, host of the CNBC television show “Billion Dollar Buyer” and owner of the N. As part of the agreement, DraftKings. GALVESTON. Fertitta's bigger Boardwalk arrives in Galveston. Tilman Fertitta, Landry’s Chairman & CEO and Rockets owner, discusses his bid for the Washington Commanders and his view on the economy with CNBC’s Melissa Lee and the Fast Money traders. When groups led by Josh Harris and Steve Apostolopoulos made $6 billion bids for the Commanders, Tilman Fertitta did not. 26, 2023 7:08 a. 9 million shares of Wynn, giving him a 6. com: DraftKings to buy Fertitta's Golden Nugget Online Gaming for $1. In addition to Landry’s, Fertitta has Lancadia Holdings, which raised money on the Nasdaq Capital Market in 2017 and is a $2. (Photo by Sophie Sahara) 04. Lorenzo Fertitta (brother) Tilman Fertitta (cousin) [2] Website. South, on Thursday, Oct. Tilman Fertitta, also known as the Billion Dollar Buyer, started his hospitality empire thirty years ago with just one. , the Houston Rockets, and the Golden Nugget casinos. 27, 2023. Thanks to Tilman Fertitta, the Montage Laguna Beach resort has tied the record ($2. 29, 2022 Updated: Nov. Jamaal Ellis/Contributor Show More Show Less 12 of 16. Courtesy of Tilman Fertitta / Courtesy. The mogul’s net worth is around $5. Listen to Sean Pendergast on SportsRadio 610 from 6 a. Teams. 2 billion to buy an NBA franchise. Posted on: February 1, 2021, 07:09h. He always looks for the 5% that’s going wrong because that’s where there. 65 billion dividend. [6] Tilman J. The largest trade he's ever made was buying 1,000,000 units of Waitr Inc stock on 16. Tilman Fertitta meets with his executive hospitality team to discuss their upcoming Mardi Gras party hosted on Galveston Island on Tuesday, Feb. Demolition was underway at the site of what used to be the Travelodge motel on the Strip, 3735 Las Vegas Blvd. But now, the Houston Rockets owner is richer than ever thanks to seismic market. In addition to assuming some debt and. Fertitta said that while he did bid on Washington, he is now “done. The high-profile financier is known for frequent TV appearances, as well as for owning the Houston Rockets. When groups led by Josh Harris and. Oct. Tilman Fertitta is expanding the Golden Nugget brand to Northern Nevada. Through his company, Fertitta Entertainment Inc, Fertitta has bought real estate on the Strip spanning over 6. Tilman Fertitta (Fertitta Entertainment) You can add “author” to Golden Nugget owner Tilman Fertitta’s list of accomplishments. Patrick Fertitta said his father is a. Houston Rockets governor Tilman Fertitta said during an interview on CNBC Wednesday that he made a $5. elder@galvnews. Greg Abbott has reappointed Tilman Fertitta and Beth Madison to the University of Houston System Board of Regents, and appointed insurance professional Ricky Raven to the governing body that oversees the four universities. Chairman and CEO Tilman Fertitta confirmed to CNBC he is considering a return to the public markets. Reid Laymance, Staff writer. The Tilman J. According to a filing Monday with the Securities and Exchange Commission, Fertitta purchased the 6. Fertitta’s fortune went from $4. Tilman Fertitta demolished an old motel on the Strip, as the Houston billionaire pushes ahead with plans for a towering upscale resort. Pitbull performed during the 2023 San Luis Salute in. Tilman Fertitta to acquire Hard Rock Lake Tahoe It's the next chapter for a property that has operated as a casino and hotel since 1965. “Tilman Fertitta and his family have made a visionary investment, so it is only fitting this new, ambitious and forward-thinking medical school should bear the Fertitta name. Daily Lines. 93B Random fact: Throws an annual Mardi Gras party called the San Luis Salute. 6 Billion Merger with SPAC FAST Acquisition. Here's what you should know about the self-made. m. Players. Two years ago, the pandemic forced Tilman Fertitta to shutter his empire of casinos and restaurants, furlough 40,000 workers, and inject $50 million of his own money into his company. It appears Houston Rockets owner Tilman Fertitta and his family have some deep, deep mob ties. The DraftKings acquisition of Golden Nugget Online Gaming (GNOG) is still on track despite recent delays, according to GNOG chairman Tilman Fertitta. Post Oak Hotel at Uptown Houston, the luxury 250-room hotel developed by billionaire Houston Rockets owner Tilman Fertitta, is in elite company with its latest recognition. Jan 7, 2020. Houston Rockets owner Tilman Fertitta revealed that the organization plans to build a $70 million practice facility in the Galleria area. Adam Price resigned as CEO of Lafayette. (Bloomberg) -- Two years ago, the pandemic forced Tilman Fertitta to shutter his empire of casinos and restaurants, furlough 40,000 workers, and inject $50 million of his own money into his company. 6 billion combination. 6 billion merger. Glittering gowns. 27. A love story where Tilman had to ask Paige three times to convince her to tie a knot. October 21, 2021. With a heritage steeped in the shipbuilding traditions of the Pacific Northwest, Westport Shipyard is a recognized leader among American super yacht builders. Servicing that debt pile of $4. Stats. Tilman Fertitta Looks Forward to Dana Holgorsen's 2nd Season in Big 12 — UH's Billionaire Believer Says Expectations Will Be Higher Next Year For Houston's Still. 6 billion deal. That's essentially what Houston Rockets owner Tilman Fertitta has done. 27, Fertitta broke his own rule. For more than two decades, this Mardi Gras bash, hosted by billionaire Tilman Fertitta and his family, has maintained the bar for out-of-this-world partying in the stratosphere of revelry. Tilman Fertitta’s Golden Nugget and Landry’s Inc. The U. During the Rockets’ introduction of new head coach Ime Udoka on Wednesday, team owner Tilman Fertitta accidentally let slip that the Rockets are building a $70 million. Fertitta has become synonymous with over-the-top opulence and big-time. 5 billion to purchase the NFL's Washington Commanders, invited guests to a rare glimpse into some of his. Fertitta told CNBC he drew "a line in the sand" at $5. 6 billion, which apparently fell short of Snyder's asking price. Tilman Fertitta talked money, yachts and wives in a Forbes cover story. As Houston’s most high-profile billionaire and owner of the posh 5-star Post Oak Hotel and Houston Rockets, Tilman J. Tilman Fertitta is the owner and CEO of Fertitta Entertainment, an empire spanning restaurants, hotels, pro sports teams. When Covid lockdowns hit, Tilman Fertitta’s restaurants and casinos took a hit, and he laid off 40,000 workers. Tilman Fertitta, also known as the Billion Dollar Buyer, started his hospitality empire thirty years ago with just one restaurant. Landry's Inc. During the Houston Rockets’ introductory press. Janice McNair, widow of Robert McNair and inheritor of his 80 percent stake in the Houston Texans, is. Mary Catherine Sharman Director of Development Tilman J. 1 billion, Rockets owner Tilman Fertitta landed at No. Fertitta is the billionaire business executive who is owner and CEO of Fertitta. Tilman Fertitta hosts Mardi Gras party at San Luis in Galveston with Pitbull, John Whitmire and Tony Buzbee's daughter, who was a debutante. Using Landry's as his vehicle, he has rolled up five public companies and countless smaller deals, and floated six. 2 billion, is apparently a fourth-generation member. Fertitta Entertainment's holdings in. Tilman Fertitta agrees to buy Rockets for reported record $2. He is the chairman, CEO, and owner of Landry's, Inc. … | Learn more about Tilman Fertitta's work experience, education, connections & more by visiting their. Tilman Fertitta, sole owner of Fertitta Entertainment, will remain chairman, president and CEO of the combined company, as well as the largest shareholder, with an approximately 72% stake in the. 19. On television, Fertitta starred in the CNBC reality series "Billion. “We were pleased with Clark County Commission’s unanimous approval of. Astros pitcher Lance McCullers Jr. LAS VEGAS (KLAS)– A new high-end resort is coming to the Las Vegas Strip. Now the. Fertitta was first reported to be interested in the. Casino-and-hospitality mogul Tilman Fertitta. 1 billion requires about $275. As of 2020, Tikman Fertitta's net worth is approximately $4. Fertitta offered to buy the team in 1993 for $81 million but was outbid by Alexander, who offered $85 million. The company which owns and operates more than 500 restaurants, hotels, and casinos across international locations has amassed more than $3. The. He is the chairman, CEO, and owner of Landry's, Inc. Tilman Fertitta was in the news a week earlier when he received permission from the Clark County Commission to begin demolishing buildings on 6 acres he acquired at the southeast corner of Harmon. Fertitta owns and operates more than 60 unique brands amounting to over 600 concepts nationwide. Tilman Fertitta House River Oaks. In 2018. His Golden Nugget casino business is selling $5. 5 billion to purchase the Commanders -- making him one. , and the Houston Rockets, has a net worth of $6. Intent to develop an upmarket resort. President, Chairman and CEO Tilman J. Tilman Fertitta's first Boardwalk was built in the USA. 2 billion, which is an NBA record. Mitchell and businessman Bobby Moody, whose family made a fortune largely in insurance, to name a couple. He also attributed his feeling at ease with hiring Udoka to conversations with NBA officials and the head coach. Gov. He invited RodeoHouston opener Parker McCollum to play a private concert and lifted the social media ban for the first — and possibly last — time. In all, three playoff games on Wednesday and three more on Thursday were postponed as a result of recent civil unrest. Rockets owner Tilman Fertitta says conversations with NBA officials made him feel comfortable with hiring Ime Udoka as his team's head coach. Just the other night, Fertitta was joined at her dad’s Dos Caminos restaurant in New York’s. Billionaire Tilman Fertitta reached a settlement to pull out of an $8. By JOHN WAYNE FERGUSON The Daily News. They grew up with Tilman Fertitta as their father. Tilman Fertitta was born in Galveston, Texas, and attended college at both Texas Tech and the University of Houston. Tilman Fertitta, Landry’s Chairman & CEO and Rockets owner, discusses his bid for the Washington Commanders and his view on the economy with CNBC’s Melissa Lee and the Fast Money traders. Texas billionaire Tilman Fertitta has acquired the Montage Laguna Beach Resort Hotel for a reported $650 million. Likewise, the television personality also owns Houston Rockets, a National Basketball Association (NBA) team. hospitality empire, became the college's namesake after making a $50 million donation this spring. 25, 2016, in Houston.