---
title: "Chain Restaurants Charging A Pretty Penny For NYE"
url: https://burnaze.com/article/cf299b79-d497-4d4e-afb3-f7a8d65d4c42
source: "1851 Franchise"
original_url: https://1851franchise.com/chain-restaurants-charging-a-pretty-penny-for-nye-3220
category: "Restaurants"
industry: "Restaurants"
published: 2015-12-30T20:15:45.000Z
modified: 2026-11-01T04:11:39.555Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/16f11e36dce8dc59299a49fe93db54e8579151230152645.png
---

# Chain Restaurants Charging A Pretty Penny For NYE

**TL;DR:** Chain restaurants in Times Square, including Applebee's and T.G.I. Friday's, are charging high prices for New Year's Eve meals, with some offering premium experiences. Applebee's is charging $375 per person, while T.G.I. Friday's is offering a 'Couples Champagne VIP Package' for $899.

*originally published in 1851 Franchise on 2015-12-30. [Read the original](https://1851franchise.com/chain-restaurants-charging-a-pretty-penny-for-nye-3220).*

## Story

New York City is the unofficial New Year's Eve capital. Seeing the ball drop in Times Square is witnessed by millions of people around the country, even if they aren’t in the same time zone. Attending a New Year's Eve party can cost a pretty penny anywhere, but it is especially expensive in Times Square.

Many New Year’s goers sit down at a nice restaurant to have a delicious meal to close the book on the year. Others choose to attend a party with a champagne toast. There are plenty of those options in Times Square, including the Michelin-starred Gabriel Kreuther, which is charging participants $175 to attend the restaurants festivities. It’s a high tab to spend for a meal, but it is nowhere near the amount some of the chain restaurants are charging people to be seated in their properties.

A few chain restaurants are charging a king's ransom for their New Year’s celebration. Both of Applebee’s Times Square location will be charging $375 a person and T.G.I. Friday’s “Couples Champagne VIP Package” is priced at $899. This may be expected from a Michelin-starred restaurant you have to book months in advance, but peculiar for chain restaurants.

The idea behind the pricey dinner tabs is basically to accrue as much profit as possible. The Wall Street Journal said the two Applebee’s locations can hold about 400 people, which translates to $250,000. And factoring in the food and drinks the restaurants will be spending—Applebee’s estimates they will be shelling out $20,000 on alcohol—the restaurants hope to not take a loss.

## Entities

- 1851 Franchise (publication)
- Restaurants (sector)
- Applebee's (company)
- TGI Fridays (company)
- Times Square (location)
- chain restaurants (topic)
- times square (topic)
- premium experiences (topic)
- new year's eve pricing (topic)

---
Originally reported by 1851 Franchise (https://1851franchise.com/chain-restaurants-charging-a-pretty-penny-for-nye-3220). Summarized by Burnaze (https://burnaze.com/article/cf299b79-d497-4d4e-afb3-f7a8d65d4c42).