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Landmark Newport restaurant Salas’ sold for $2 million

Salas’ Dining Room on Thames Street, one of the longest-running family restaurants in Newport, was recently sold for $2 million, including the liquor license, equipment, and memorabilia, according to Gustave White Sotheby’s International Realty. Jose Aguon brokered the sale.

The buyer is Larry Silverstein, a real estate developer from Baltimore, who specializes in historic buildings. Silverstein formed a partnership with local restauranteur, Patrick Kilroy, and plans to restore the building and continue to operate a restaurant.

Francisco and Maria Salas opened the business in 1952, originally operating it as a bar. They began the restaurant in 1963. During the America’s Cup Race years it was a favorite stomping ground for Ted Turner, Baron Bruno Bich and other celebrities.

Rick Salas, a son of the founders, said that his brothers Frank and Jose had run the restaurant until last month, but wanted to sell the business to pursue other interests.

By Providence Journal Business Staff