Unbridled Capital recently provided sell-side advisory to Zak Family Foods on the sale of 25 KFC, Taco Bell and co-branded restaurants in Iowa, Illinois and Nebraska. The restaurants were sold to FMI Dollar Bell Inc., a related entity to Canadian-based Yum franchisee FMI Group.
Unbridled Capital recently provided sell-side advisory to Rage, Inc. and related entities on the sale of 117 Pizza Huts in North Carolina, Virginia, Kentucky, West Virginia, Tennessee, South Carolina and Illinois.
Fiesta Restaurant Group, Inc. yesterday announced that it will close 19 Taco Cabana restaurants in Texas, effective immediately. Nearly all employees impacted by the closures will be offered positions at other Taco Cabana locations.
The Texas Roadhouse property is leased to the corporate operator and the Chilis property is leased to a franchisee.
CBL Properties (NYSE:CBL) today announced the first phase of redevelopment plans for the former Sears building at Cross Creek Mall in Fayetteville, North Carolina.
Transaction to Add Award-Winning, Fast-Casual Restaurant Concept with Significant Global Growth Potential to KFC, Pizza Hut and Taco Bell Parent Company
The properties are located in Colorado (2), Louisiana, Mississippi, Oklahoma, and Texas (2), and are occupied under triple-net leases with approximately 14 years of term remaining and annual rent increases of 1.5%.
First Katsuya and Umami Burger to open in 2020 in Capital Riyadh
The properties are located in Delaware, Illinois (2), Indiana (3), Michigan, Rhode Island, and Texas (2) within highly trafficked and populated corridors.
On December 17, 2019, the first franchised KFC restaurant since signing the cooperation agreement was opened in a CNPC gas station in Kunming, Yunnan Province. Meanwhile, in Dalian, Liaoning Province, the first KFC franchised restaurant in a Sinopec gas station is set to open its doors on December 23, 2019.