September 12th, 2016
After 41 years of business, McGarvey’s Saloon & Oyster Bar is now under new ownership.
After buying the property at 8 Market Space in the early 1970’s, former owner & founder Mike Ashford opened McGarvey’s in 1975, and not much has changed since. The new owners, former United States Naval Academy midshipmen, have no plans of making any major changes to the restaurant.
Hyatt Commercial’s Lou Hyatt and Steven Hyatt brokered the transaction.
McGarvey’s is one of Annapolis’ most iconic restaurants, and we look forward the next 40 years.
About Hyatt Commercial
Hyatt Commercial is a full service commercial real estate brokerage firm located in Annapolis, MD. For more than 65 years we have provided our clients an array of real estate services, which include sales and leasing, property and construction management, debt and equity placement, purchase and sale of existing businesses, and other investor services. Hyatt has been active primarily in the greater Annapolis/Anne Arundel County region, and has expanded over the last decade into Baltimore City/County, Howard County, Montgomery County, Prince George’s County, and Queen Anne’s County. As a wholly-owned subsidiary of Severn Bancorp, Hyatt Commercial has the unique ability to offer its clients direct access to Sever Savings Bank’s personnel and services to streamline their commercial banking needs.
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