The owner of three popular metro Atlanta fine dining restaurants announced plans to retire and sell the restaurants Wednesday.
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Ray Schoenbaum, founder of Ray’s on the River, Ray’s in the City and Ray’s at Killer Creek, announced that he has signed an agreement to sell all three restaurants to TEI hospitality.
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“(TEI Hospitality is) a 100% family-owned restaurant and hospitality company based out of Kennesaw, GA. More information will be shared with the public when the deal closes in the near future,” a spokesperson said in a statement.
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Until the sale is finalized, Schoenbaum won’t provide further comment, according to his spokesperson.