Chester County resident Michael Croce – president of Pat Croce & Company, which owns, operates, and builds brands in the hospitality industry – is in the process of acquiring seven iconic Hotel State College and Co. businesses, writes Sarah Paez for the Centre Daily Times.
The Penn State graduate confirmed that his Florida-based management company signed sales agreements last week for Hotel State College, The Corner Room, Bill Pickle’s Taproom, Zeno’s Pub, The Basement Nightspot, Spats at the Grill, and Chumley’s.
“We love that they’re old iconic brands that have a following that just need a boost of energy and a jolt, a new life,” Croce said.
Pat Croce & Company was founded by Croce’s father, former 76ers owner Pat Croce. He began buying bars and restaurants in the Sunshine State after stepping away from the Sixers 18 years ago. When he decided to retire as the company’s chairman of the board five years ago, his son, along with Jeff Sorg, took over the management duties.
Michael Croce has no plans to make any drastic changes to his latest acquisitions. He said he wants the brands “to stay what they are and bring more people” in to enjoy them.
Read more about the sale in the Centre Daily Times here.