Live Nation takes a majority stake in the Dave Grutman's Groot Hospitality.

Live Nation continues its takeover of live events in North America, notably the Eastern half of the United States. It has acquired a majority stake in David Grutman's Groot Hospitality.

Groot is one of the major players in Miami nightlife that includes LIV (2009), Story (2012), Komodo (2015), Swan & Bar Bevy with Pharrell Williams (2018) and Papi Steak (2019).

In the next 24 months, Groot is set to expand with 11 new projects in Miami, Las Vegas, Dallas & Dubai.

David Grutman will remain as CEO of Groot Hospitality along with executives Chris Cuomo and Mo Garcia. Grutman will stay on to advise on Live Nation festivals and events around the world.

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