September 14, 2006
While Denny's Unloads 66 Franchisee-Operated Restaurants to Ease its Debt
Denny's Corp. has agreed to sell 66 more of its company-owned and franchisee-operated restaurants to a real estate investment trust for $67 million, to reduce its debt, this article reports, bringing the total number of formerly-company-owned locations it has sold this year to 80. The franchisor plans to sell the remaining 13 such properties as well.
Posted by franchiselawblog at September 14, 2006 11:56 AM