New Owner Taking Over Langosta Lounge, Asbury Park Yacht Club

ASBURY PARK, NJ —BarCo Brands, the restaurant group that owns Deal Lake Bar + Co. in Loch Arbour, just announced it has reached a deal to take over ownership of Langosta Lounge and Asbury Park Yacht Club, two very well-known bar/restaurants on the Asbury Park boardwalk.

Up until this January, they were owned by Marilyn Schlossbach, who also runs a nearby catering business, also from the Asbury Park boardwalk. BarCo is also taking over ownership of Salt Water Market and Pop's Garage, all located near each other on that stretch of boardwalk.

A sell price was not publicly disclosed.

The names of both Langosta Lounge and Asbury Park Yacht Club will be changing.

“We have all been enthusiastic customers of APYC (Asbury Park Yacht Club) over the years," said BarCo Brands co-founder Phil Villapiano on Friday, the day the deal was announced. "While the name will be changing, we plan on maintaining the vibe when we redesign that space. And just as we have done at Deal Lake Bar + Co., we plan on continuing the commitment to enhance the local music scene."

BarCo Brands said it has offered employment to all existing managers and staff at both bars, and plans for both venues to remain open with only brief closures for training and cosmetic changes to the interior.

BarCo said both restaurants will operate as "transitional concepts" for the spring/summer of 2023. However, future plans will involve a shutdown and full renovation between November 2023 and March 2024, with a grand opening on April 1, 2024.

"At that time, the new concepts will be unveiled," said the BarCo team of owners. "Although they are not releasing the details of those concepts at this time, the group has indicated that it wants to preserve at least one aspect of the prior operation."

BarCo Brands was founded in 2017 by Andrea Pappas, Greg Bartz and Phil Villapiano and joined by Tim McMahon last year.

In October, BarCo announced they plan to open a sports bar at Fort Monmouth, to be called Baseline Social. This week, they revealed Baseline Social will open in June of 2023 and will be a a 17,000-sq.-ft. entertainment complex featuring three bars, over 300seats inside and out and five virtual golf bays. See how it'll look: New Fort Monmouth Sports Bar With Virtual Golf, Fire Pit On Its Way (Oct. 2022)

Deal Lake Bar + Co. is an American-style bar and restaurant with an open concept boasting three bars and a large outdoor dining area in nearby Loch Arbour.