Chanticleer Holdings, Inc.
(HOTR) Expands Portfolio, Acquires Hooters Pacific Northwest Franchise
Chanticleer Holdings, a
minority holder in the privately held parent company of the Hooters® brand
Hooters Of America and a franchisee of international Hooters restaurants, has
completed its acquisition of Hooters U.S. Pacific Northwest franchise rights and
two existing restaurants in Oregon and Washington.
Chanticleer has acquired 100
percent of the shares of Tacoma Wings, LLC and Hooters of Oregon Partners, LLC,
owners and operators of the two locations in Portland, Ore., and Tacoma, Wash.
Per the agreement, Chanticleer has obtained all leasehold and current franchise
rights to the Hooters locations in Oregon and Washington. As part of its
ongoing effort to expand its portfolio, Chanticleer management is also
evaluating locations around the Portland and Seattle areas for future
restaurant openings.
In addition, Chanticleer
reports that it has acquired Chef John Tesar’s fine dining seafood restaurant,
Spoon Bar & Kitchen, located in Dallas, Texas. Chanticleer intends to
expand the Spoon brand by stretching its healthier seafood menu into a new,
fast-casual dining concept.
“We are starting off the new
year successfully completing both of these acquisitions and more importantly
adding three operating restaurants to our portfolio. The Pacific Northwest
provides strategic opportunities to expand the footprint of our brands,”
Chanticleer chairman and CEO Mike Pruitt stated in the news release.
Chanticleer also owns and
operates American Roadside Burgers and owns a majority interest in Just Fresh
restaurants in the United States.
For more information, visit
www.chanticleerholdings.com
About MissionIR
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
