3 January 2014
Chanticleer Holdings, Inc. (NASDAQ: HOTR) said it has signed a deal to buy two Hooters restaurants in the US Pacific Northwest.
Chanticleer said it will acquire all of the shares of Tacoma Wings, LLC and Hooters of Oregon Partners, LLC, owners and operators of the two locations in Portland, OR and Tacoma, WA. All leasehold and current franchise rights to the Hooters locations in Oregon and Washington will be transferred to the company, with final closing expected to occur before January 31, 2014. Management has begun evaluating locations around the Portland and Seattle areas for future restaurant openings.
Headquartered in a Charlotte, NC, Chanticleer Holdings, together with its subsidiaries, owns and operates restaurant brands in the United States and internationally. For further information, visit www.chanticleerholdings.com, Facebook: www.Facebook.com/ChanticleerHOTR, and Twitter: http://Twitter.com/ChanticleerHOTR.