New Houston Rockets Owner Tilman J. Fertitta Looking To Give Small Businesses An Assist
October 20, 2017 – Billionaire hospitality mogul and new owner of the Houston Rockets, Tilman Fertitta has some serious buying power and he’s ready to help small businesses score a deal. Premiering Wednesday, January 3 at 10PM ET/PT and consisting of seven episodes, the new season of CNBC’s “Billion Dollar Buyer” finds Fertitta back on the hunt for products he can use at his many restaurants, hotels, and casinos. With just one order, he can turn small business into big business.
Chairman, CEO, and sole shareholder of Landry’s, Inc. – and now, the new owner of the Houston Rockets – Fertitta oversees more than 600 properties and over 60 leading restaurant, hotel, and entertainment brands, ranging from high-end properties like Mastro’s and Morton’s The Steakhouse, to such mainstream destinations as Rainforest Cafe, Bubba Gump Shrimp Co., Saltgrass Steak House, and five Golden Nugget Casinos.
With an annual supply spend of $2 billion, his buying power is second to none. Now, he’s personally scouting the country for the most innovative new products America’s entrepreneurs have to offer – everything from food and drink for his restaurants and casinos, to furniture and bedding for his hotels.
In each hour-long episode, Fertitta will spend time with two small businesses, sample their goods, get to know their owners, and assess their compatibility with Landry’s, Inc. He’ll point out flaws in their product and operations, share his expertise, and push for improvements. In the end, he’ll decide whether to place a transformative purchase order with one of the companies, both, or neither.
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