Re: Any Hooter's News/Updates
"QX" <nomail@nospam,com > wrote in message
news:h7g174987qrgt7v3ndmfipulcpscnsk17q@4ax,com ...
> On Sun, 6 Jul 2008 04:36:46 -0700 (PDT), salmoneous@aol,com wrote:
>
>>Since the initial announcement they were scrapping the Hooter's theme
>>and planning to remake the building into a generic upscale/boutique
>>hotel I haven't heard anything about Hooters? Has their been any news?
>>Have they started any renovations?
>
> The prospective buyers missed a mandatory payment, so the deal was
> terminated. They did indicate the desire to work out a new deal, but
> nothing has appeared publicly yet. That was on June 10th.
> http :// www .lvrj,com /business/19708444.html
>
"During the past 14 months, the investment group spent $6 million in
nonrefundable fees and other costs related to closing the deal."
Ouch. A million here and a million there and pretty soon you are talking
about some serious money.
They would have been better off taking the 6 million and playing blackjack.
George L