Tavern restaurant group selling properties, closing locations as owners split

As its mother-and-son founders untangle their finances and go their separate ways, Tavern Hospitality Group has closed its namesake restaurants and is selling real estate.

“We finally settled our disagreement,” Frank Schultz said Tuesday of a contentious and nearly year-long legal dispute between he and his mother, Terry Papay. “We have a large property portfolio and part of that settlement is getting rid of some of the properties.”

Two weeks ago, Tavern Hospitality Group closed its Tavern restaurants in Lowry and Littleton, the last of what was once seven Tavern locations in the area. It also canceled shows at the Soiled Dove, the company’s flagship venue, which was the neighbor of Tavern Lowry.

Schultz said the Soiled Dove building at 7401 E. 1st Ave. will be sold, along with the former Tavern Tech Center building at 5336 DTC Blvd. in Greenwood Village. The build...