Annapolis, MD, January 10, 2026
Atlas Restaurant Group, based in Baltimore, has announced the acquisition of a majority stake in the Boatyard Bar & Grill in Annapolis. This acquisition aims to provide enhanced support in marketing, purchasing, and operations for the beloved restaurant, which has been a staple of the Eastport neighborhood since 2001. The deal is expected to close in February 2026 and reflects Atlas’s commitment to preserving the Boatyard’s traditions while expanding its brand presence in Annapolis.
Atlas Restaurant Group Acquires Majority Stake in Boatyard Bar & Grill in Annapolis
ANNAPOLIS, MD — Baltimore-based Atlas Restaurant Group has acquired a majority stake in the Boatyard Bar & Grill, a popular establishment in Annapolis’ Eastport neighborhood. The deal, expected to close in February 2026, aims to provide the Boatyard with enhanced marketing reach, brand presence, bulk purchasing capabilities, and operational support.
Details of the Acquisition
Dick Franyo, the 81-year-old founder of the Boatyard, emphasized the importance of maintaining the restaurant’s traditions. He expressed confidence that Atlas understands and appreciates the Boatyard’s ethos, ensuring continuity for patrons.
Atlas Restaurant Group’s Expansion in Annapolis
This acquisition marks Atlas Restaurant Group’s fifth venture in Annapolis. The group already operates The Choptank at City Dock and is set to open Marmo, an Italian chophouse, and Armada, a tequila bar and cantina, in the former Pusser’s Caribbean Grille space. Additionally, Atlas plans to launch a second location of The Admiral’s Cup in the historic Stevens Hardware building on City Dock, with an expected opening in summer 2025.
Background on the Boatyard Bar & Grill
Established in 2001, the Boatyard Bar & Grill has been a staple in Annapolis, known for its maritime ambiance and community involvement. The partnership with Atlas aims to support the existing team and ensure the restaurant’s continued success in the years to come.
Frequently Asked Questions (FAQ)
What is the Boatyard Bar & Grill?
The Boatyard Bar & Grill is a popular restaurant in Annapolis’ Eastport neighborhood, known for its maritime ambiance and community involvement. Established in 2001, it has been a staple in the area for over two decades.
Who is Atlas Restaurant Group?
Atlas Restaurant Group is a Baltimore-based hospitality company that operates multiple dining establishments across Maryland and beyond. In Annapolis, they manage The Choptank at City Dock and are expanding with new ventures like Marmo, Armada, and The Admiral’s Cup.
What does the acquisition mean for the Boatyard Bar & Grill?
The acquisition by Atlas Restaurant Group is intended to provide the Boatyard with enhanced marketing reach, brand presence, bulk purchasing capabilities, and operational support, while maintaining the restaurant’s traditions and continuity for patrons.
When is the acquisition expected to close?
The acquisition is expected to close in February 2026.
What other establishments does Atlas Restaurant Group operate in Annapolis?
In addition to The Choptank at City Dock, Atlas Restaurant Group is set to open Marmo, an Italian chophouse, and Armada, a tequila bar and cantina, in the former Pusser’s Caribbean Grille space. They also plan to launch a second location of The Admiral’s Cup in the historic Stevens Hardware building on City Dock, with an expected opening in summer 2025.
Key Features of the Acquisition
| Feature | Description |
|---|---|
| Acquiring Entity | Atlas Restaurant Group |
| Acquired Establishment | Boatyard Bar & Grill |
| Location | Eastport neighborhood, Annapolis, MD |
| Expected Closing Date | February 2026 |
| Founder of Boatyard | Dick Franyo |
| Atlas’s Existing Annapolis Ventures | The Choptank at City Dock |
| Planned Openings by Atlas | Marmo (Italian chophouse), Armada (tequila bar and cantina), The Admiral’s Cup (second location) |
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Atlas Restaurant Group Acquires Majority Stake in Boatyard Bar & Grill
Author: STAFF HERE BALTIMORE WRITER
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