The announcement was made today by the venue's founders � Lucky Rug Group principals Niall Donnelly and Joe Altounian � with Rolling Stone editor and publisher Jann S. Wenner.

Ideally situated among some of the country's most famous and historic attractions, including the Hollywood Walk of Fame, Grauman's Chinese Theater and the Kodak Theatre, the multi-level Rolling Stone space will encompass more than 10,000-square feet and serve as an exciting blend of equal parts restaurant, bar, lounge and upscale private-event space

Ownership of Lucky Rug Group is comprised of entrepreneurs Niall Donnelly and Joe Altounian. A serial entrepreneur, Donnelly is known for his ability to create lucrative business opportunities in unforeseen sectors, having spent more than 12 years owning and operating some of the most popular and successful bars and clubs in the United Kingdom and Ireland, including Anam Bar, Slim Jim's Liquor Store, the Woodbine, the Blue Note, Blackjack Liquor Shack and many more.