El Mocambo Sold

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TORONTO — The El Mocambo, One of Canada’s well-known music venues, is purported to have been sold and will now undergo a refresh.

“It’s a historical music venue that needs some TLC. Let’s get it resurrected,” Gross told the Star.

According to the Toronto Star, Sam Grosso and Marco Petrucci are the new owners of the Toronto nightclub that dates back to 1848. It has hosted U2, The Rolling Stones and Marilyn Monroe, among others. The partners in the El Mocambo deal are both Toronto-based hospitality entrepreneurs; Grosso owns the Cadillac Lounge, Petrucci owns 99 Sudbury.

Grosso wants to refurbish the landmark’s famous neon sign and restore the main floor. The business plan also calls for two patios — one on the sidewalk and another on the rooftop suitable for large parties.

A new bar is a part of the renovation plans, however it remains to be seen if the food program will be revitalized. Details of the transaction weren’t disclosed.

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