Declining food and beverage sales and dwindling cash flows have many restaurant operators seeking rent relief from landlords—and actually getting it.Whether landlords are concerned renters need help during the recession or afraid replacement tenants will not be available should they evict laggards, operators say leaseholders are showing unprecedented grace of late.While it took a few months for operators and landlords to see eye-to-eye, now operators are seeing double-digit rent reductions. ...
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Contact: Desiree Torres Desiree.Torres@penton.com