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Under the terms of that deal, Golden Gate sold the real estate for 500 Red Lobster locations to American Realty Capital for $1.5 billion and then leased them back.
Communities around the country are losing cheddar bay biscuits and all-you-can-eat seafood deals as troubled Red Lobster closes around 100 US restaurants, with up to 135 more closures looming ...
The sale/leaseback that helped sink Red Lobster involved the July 2014 sale of premium real estate underneath 500 of its stores, which generated $1.5 billion.
Darden announced the completion of the sale of Red Lobster on July 28, 2014. [25] As part of the sale, a sale/leaseback of the real estate for 500 restaurants was completed to American Realty Capital Partners for $1.5 billion [26] to finance the purchase. By 2023, rents totaled $200 million per year and was a factor in the 2024 bankruptcy filing.
Cook, turning once, until both sides are golden brown, about 2 minutes per side. Open the rolls and spoon in the lobster salad, heaping it high. Sprinkle lightly with snipped chives or chopped parsley for color. Serve immediately. Note: Buy cooked lobster meat or steam three 1-pound lobsters and pick out the meat.
On this European lobster, the right claw (on the left side of the image) is the crusher and the left claw is the cutter.. Homarus gammarus is a large crustacean, with a body length up to 60 centimetres (24 in) and weighing up to 5–6 kilograms (11–13 lb), although the lobsters caught in lobster pots are usually 23–38 cm (9–15 in) long and weigh 0.7–2.2 kg (1.5–4.9 lb). [3]
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Red Lobster’s new CEO knows he has a lot on his plate. The 56-year-old restaurant chain has been rocked by closures to multiple stores and a bankruptcy filing, but Damola Adamolekun is ready to ...