Restaurants & Bars
RCI Hospitality Holdings Inc:Subsidiary acquires tootsie's cabaret real estate in Florida.Deal for $15.3 mln.Says subsidiary has acquired Miami gardens square retail plaza in Florida.Says expect transaction to be accretive to earnings.
Chanticleer Holdings Inc:Signs definitive agreement to acquire Little Big Burger.Says signed a definitive agreement on July 31, 2015 to acquire Little Big Burger.Says the acquisition is expected to close on or before Aug. 14.
Meritage Hospitality Group Inc:Has completed acquisition of 15 Wendy's restaurants located in Toledo, OH.Company estimates acquisition will add about $19.0 mln in annual sales and be accretive to consolidated earnings and EBITDA going forward.
Alsea SAB de CV:Acquires remaining stake of 10.23 pct in Grupo Amigos de San Angel SA de CV (GASA), Italian food chain owning 29 points of sale.As of Feb. 2012 company owned 89.77 pct of shares in GASA.
Artex Corp:Has acquired an agricultural project in Romania.Property consists of 4,223 acres on the meeting point of the Danube Delta and the Black Sea, an area that is highly fertile and that will host a wide array of developments in the near future.
ONE Group Hospitality announces agreement with a subsidiary of SBE Entertainment to purchase the Katsuya and Cleo restaurant brands
ONE Group Hospitality Inc:Says total consideration includes $75 million in cash and 200,000 warrants at an exercise price of $5.00 per share.Says brands anticipated to add approximately $28 million in 2014 annualized GAAP revenues to the one group revenues.SBE expected to provide opportunity for at least 10 additional restaurants at sls, redbury or hyde hotels over next 5 years.Says jefferies and keybank are expected to provide debt financing for the transaction.Says anticipates raising the financing through a combination of debt and equity.Brands anticipated to add about $55 million in 2014 annualized total food, beverage sales in owned, managed and licensed units.Will get license fees from 3 managed cleo locations in Los Angeles , Las Vegas and Miami and one additional managed location.Says the company anticipates raising the financing through a combination of debt and equity.Says acquisition includes four katsuya locations in Los Angeles that are company-owned and operated.
Diamond Dining Co Ltd:To acquire 9,600,000 shares in Diamond Dining Macau Limited at the price of about 144 mln yen, on July 15.To raise stake in Diamond Dining Macau to 60 pct from 0 pct.
Chanticleer Holdings:Closed the acquisition BT's Burger Joint a better burger concept in North Carolina, on July 1.With four locations, three in Charlotte and one in Asheville, the acquisition immediately doubles Chanticleer's presence in the Charlotte market.
HURXLEY CORP:Completes full acquisition of subsidiary Hokka-Hokka Tei sohombu corporation on July 6.