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Toby Keith's Namesake Restaurant Owes Landlords MILLIONS

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Toby keith Songs | Toby Keith's Namesake Restaurant Owes Landlords MILLIONS | Country Music Videos
Photo credit: Rick Diamond, Getty Images via theboot.com
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Toby Keith's I Love This Bar and Grill is in some hot water.

The now-closed Newport News, Virginia location of the restaurant chain currently owes the landlord $4.76 million.

The restaurant was closed on January 1st because they were evicted for failing to pay rent to developer City Center at Oyster Point and landlord Harvey Lindsay Commercial Real Estate.

Before the eviction, City Center Retail LLC reached a settlement agreement with the Capri Restaurant Group Enterprises (CRGE), which owns I Love This Bar and Grill. They agreed to pay $1.25 million to City Center Retail on September 29, 2014. 

Boomtown Entertainment, who owns and operates I Love This Bar and Grill through their subsidiary CRGE, licenses the use of Toby Keith's name. He is not involved with the restaurant chain.

Boomtown failed to make it's first payment as part of the settlement agreement, which is why the eviction on Jan. 1 came about. On February 25, City Center filed a lawsuit claiming breach of contract. Since the restaurant opened in October 2012, they owe the landlords close to $4.8 million.

According to the court order, CRGE never responded to the lawsuit and failed to appear in court, so City Center was awarded a default judgement of $4.76 million plus 10% interest per year.

There was another hearing on Wednesday which CRGE failed to appear at, again. They have 30 days to respond or will be forced to pay even more money. 

Newport News isn't the only location having troubles like this. Toby Keith's I Love This Bar and Grill has been sued in 24 cities, facing around $30 million is lawsuits all together. 

The website for the restaurant chain used to show 19 restaurants across the US, now it shows just one in Massachusetts.

Take a look at the song that inspired the restaurant chain below.

Lyrics Below

We got winners, we got losers
Chain smokers and boozers
And we got yuppies, we got bikers
We got thirsty hitchhikers
And the girls next door dress up like movie stars

Hmm, hmm, hmm I love this bar

We got cowboys, we got truckers
Broken-hearted fools and suckers
And we got hustlers, we got fighters
Early birds and all-nighters
And the veterans talk about their battle scars

Hmm, hmm, hmm I love this bar

I love this bar
It's my kind of place
Just walkin' through the front door
Puts a big smile on my face
It ain't too far, come as you are
Hmm, hmm, hmm I love this bar

I've seen short skirts, we got high-techs
Blue-collar boys and rednecks
And we got lovers, lots of lookers
And I've even seen dancing girls and hookers
And we like to drink our beer from a mason jar

Hmm, hmm, hmm I love this bar
Yes I do

I like my truck (I like my truck)
I like my girlfriend (I like my girlfriend)
I like to take her out to dinner
I like a movie now and then

But I love this bar
It's my kind of place
Just trollin' around the dance floor
Puts a big smile on my face
No cover charge, come as you are
Hmm, hmm, hmm I love this bar
Hmm, hmm, hmm I love this bar

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