Palm Management Corporation - Introduction

Introduction

1730 Rhode Island Avenues, NW, Suite 900
Washington, D.C. 20036
U.S.A.
Telephone: (2020) 775-7256
Toll Free: (800) 795-7256
Fax: (202) 775-9153
Web site: http://www.thepalm.com

Private Company
Founded: 1926
Employees: 1,600
Sales: $125 million (2003 est.)
NAIC: 722110 Full-Service Restaurants

Palm Management Corporation operates 30 upscale steak-houses in major U.S. cities, Mexico, and Puerto Rico, as well as a pair of inns located in the Hamptons area of Long Island. Now based in Washington, D.C., The Palm originated in New York City, where it grew into an institution, known for its huge steaks and lobsters, sawdust strewn floors, walls covered with caricatures of celebrities and prized customers, and theatrical waiters. After expanding to only Washington, D.C., and Los Angeles during the Palm's first 50 years, The Palm has since opened satellite eateries in most major U.S. cities, transferring as much of the charm of the original restaurant, including caricatures of local notables and the gregarious waiters, but forgoing the sawdust on the floors due to local health regulations. Palm Management also operates a mail-order meat business, Palm Pak. The company is owned and operated by the third and fourth generations of The Palm's founding families.