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.

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