Owner of popular metro Atlanta fine dining restaurants announces retirement, sale of businesses WSB-TV Channel 2 [Video]

SANDY SPRINGS, Ga. — The owner of three popular metro Atlanta fine dining restaurants announced plans to retire and sell the restaurants Wednesday.

[DOWNLOAD: Free WSB-TV News app for alerts as news breaks]

Ray Schoenbaum, founder of Ray’s on the River, Ray’s in the City and Ray’s at Killer Creek, announced that he has signed an agreement to sell all three restaurants to TEI hospitality.

TRENDING STORIES:

• 5-year-old boy hit by car at DeKalb apartment complex dies
• Man tells child ‘he would kill her’ after alleged molestation at Floyd County home, deputies say
• Ga. inmate shot to death after grabbing officer’s pepper spray at hospital, GBI says

“(TEI Hospitality is) a 100% family-owned restaurant and hospitality company based out of Kennesaw, GA. More information will be shared with the public when the deal closes in the near future,” a spokesperson said in a statement.

[SIGN UP: WSB-TV Daily Headlines Newsletter]

Until the sale is finalized, Schoenbaum won’t provide further …