CMX Cinemas, the wholly-owned subsidiary of Cinemex, and Star Cinema Grill, a highly respected operator of upscale dine-in movie theatres primarily located in the Houston metropolitan area, today jointly announced a purchase agreement through which CMX will acquire all of Star Cinema Grill's 10 existing locations as well as one theatre under development in The Woodlands, Texas.
The property is located in Alabama and is occupied under a corporate guaranteed triple-net lease with approximately 4 years of term remaining.
Amid strong interest from existing franchisees and robust same-store sales, Pizza Inn today announced the roll out of a major multi-unit incentive program designed to fuel additional buffet growth for the brand.
Last week, building on its deeply rooted philosophy of respecting, rewarding and recognizing its Crew, Raising Cane's rolled out a significant evolution to its Managing Partner Program the new Restaurant Partner Program.
Quality Fresca, a wholly owned subsidiary of Quality Restaurant Group, to acquire and evolve 67 Moe's Southwest Grill locations across four separate acquisitions
Accelerates Growth with Independent Restaurant Customers Through Expanding Cash and Carry Channel
The properties are located in South Carolina and are occupied under net leases with 12.8 years of weighted average term remaining.
Joe Kahn, the Founder and CEO, who will remain the Companys largest individual shareholder, started Condado in 2014.
The tranche includes five restaurant properties (BJs Restaurant, Black Angus Steakhouse, Bonefish Grill, Olive Garden, IHOP and Wendys) and three non-restaurant properties (Huntington Bank, FedEx Kinkos, and a local car wash).
Around the world, foodservice brands are eyeing new overseas markets to drive growth.