Smith said Atlas did not look at buying the Wharf Rat, another favorite Fells Point bar that recently changed hands. “But we’re not going around just trying to buy watering holes.” “These businesses are more than just businesses they’re landmarks, they have a history, they’re never going to come down in value,” he said. So is the Admiral’s Cup, the 230-year-old beloved corner bar that Atlas purchased in the fall of 2020.Īnother Fells Point acquisition would need to possess similar history as a selling point, Smith said.

The bar at 1710 Thames St., one of the oldest brick buildings in Fells Point and a tavern for at least seven decades, is a neighborhood institution. “We felt like the Waterfront Hotel, with its situation right in front of the Pendry, with the action of Koopers and Slainte right next to us, was a great location,” Smith said.

The restaurant group announced last week it will acquire the Waterfront Hotel, marking the third property in the historic neighborhood for Atlas, which also owns The Admiral’s Cup on Thames Street and The Choptank in the south shed of Broadway Market.Ītlas CEO Alex Smith says he’s open to even more expansion in Fells Point and would consider buying other “iconic” properties there. Atlas Restaurant Group is keeping an eye on other landmark Fells Point properties as the Baltimore-based hospitality company continues to add to its growing portfolio.

Atlas restaurant