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Meritage Hospitality Group plans to sell 42 Wendy's locations for $18.6 million

Restaurant Dive ·

WEN
WEN Wendy's Co
$6.21 -5.48%
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  1. 1Meritage Hospitality Group plans to sell 42 Wendy's locations to Divine Infinity Operations for $18.6 million.
  2. 2Meritage Hospitality Group requested the court last week to reject the lease agreements for 13 units.
  3. 3Wendy's terminated the franchise agreement due to Meritage Hospitality Group's unpaid royalty obligations of over $27 million.

So what's the key point?

Meritage Hospitality Group is looking to sell 42 Wendy's locations for $18.6 million. This is part of the process of transferring the stores following the end of the contract with Wendy's.

Source Restaurant Dive · View original ↗

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