A big name in the Austin restaurant world is making a change. Jesse Herman has ended his partnership in New Waterloo, the hospitality management company that operates a roster of businesses that includes the South Congress Hotel and Sway and La Condesa, two restaurants Herman opened. New Waterloo also manages the three restaurants and coffee shop at the South Congress Hotel, Hotel Ella and its Goodall’s Kitchen, and the Paul Qui-helmed Pao in Miami.
“After helping to establish New Waterloo, I have decided to leave to pursue other interests,” Herman said in a message. “I want to extend a special thanks to my partners and friends, Delfo Trombetta, Bill Stapleton, Bart Knaggs, Patrick Jeffers and Stuart McManus for the time we spent together building New Waterloo and advancing the brands that make up the company today. It’s been an extraordinary experience, and my partners are ideal stewards for the future of these businesses. While I remain a partner in these businesses, I will no longer be involved in the day-to-day operations. I’d like to thank everyone at New Waterloo (now a 500 person strong company), especially those still there from the opening of La Condesa, as well as the City of Austin and its residents for supporting us and for their continued support. I’m excited about what the future holds for both Austin and myself. I’m not going anywhere; Austin is home.”
Herman, who often served as the public face for New Waterloo, opened the hip Mexican restaurant La Condesa in 2009, helping give personality and flair to the nascent 2nd Street District, and opened Thai restaurant Sway in late 2012.