HEATHROW Fla. Ruth's Hospitality Group Inc. has completed the sale of five restaurant properties for $17.6 million through a sale-leaseback transaction with Sovereign Investment Co., the restaurant operator said Friday. Proceeds from the deal were used to reduce Ruth's outstanding debt on its revolving credit facility, the company said. Ruth's Hospitality, based here, operates or franchises about 144 restaurants under the Ruth's Chris Steak House, Mitchell's Fish Market, Mitchell's ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!