The San Luis Resort is a luxurious hotel located in Galveston, Texas. It features a variety of amenities, including multiple swimming pools, a spa, and various dining options. But who owns this impressive property?
The Owner:
The San Luis Resort is owned by Tilman Fertitta, a successful entrepreneur and businessman. Fertitta is the CEO of Landry’s Inc., a corporation that owns several restaurant chains such as Bubba Gump Shrimp Co. and Morton’s The Steakhouse.
The History:
In 2004, Tilman Fertitta purchased the San Luis Resort from the Moody Foundation for $62 million dollars. The Moody Foundation was established by William L. Moody Jr., an entrepreneur who made his fortune in the insurance industry during the early 1900s.
The Moody Foundation:
The Moody Foundation was established in 1942 by William L.’s wife, Libbie Rice Shearn Moody. Its mission is to “benefit present and future generations of Texans.” The foundation has supported various causes over the years, including education, social services, and historic preservation.
Tilman Fertitta:
Tilman Fertitta grew up in Galveston and has strong ties to the local community. In addition to owning the San Luis Resort, he also owns several other properties in Galveston such as The Pleasure Pier amusement park and various restaurants.
The Future:
Under Tilman Fertitta’s ownership, the San Luis Resort has undergone several renovations and expansions to keep up with changing trends in the hospitality industry. In recent years, Fertitta has also expanded his business ventures beyond hospitality into sports ownership with his purchase of the Houston Rockets basketball team.
In summary, Tilman Fertitta is the current owner of the San Luis Resort in Galveston, Texas. The property was previously owned by the Moody Foundation, a philanthropic organization established by William L. Fertitta’s ownership has brought new life to the San Luis Resort through renovations and expansions, and he continues to be a prominent figure in both the hospitality and sports industries.
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