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8 of 12 Papa Razzi restaurants sold

Newport Harbor Corp. said Monday that it has finalized a deal to buy eight of the 12 Papa Razzi restaurants in Massachusetts and Rhode Island. The Newport-based hospitality company has acquired eight of the chain’s dozen Italian restaurants from Boston restaurateur Charlie Sarkis, who founded the Back Bay Restaurant Group and until last year owned and operated Abe & Louie’s, Atlantic Fish Company, Charley’s, Coach Grill, and Joe’s American Bar & Grill.

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