A Real Estate Grand Slam For Denny’s

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According to the Washington Post:

Restaurant operator Denny’s Corp. on Tuesday said it agreed to sell 66 franchisee-operated restaurant properties to National Retail Properties Inc. for $67 million, in order to reduce debt and strengthen its balance sheet.
The company said that after the closing of this deal, it will have sold 80 properties this year for gross proceeds of about $81 million.
Denny’s shares were flat at $3.80 in morning trade on the Nasdaq.

About David Burn

Co-founder and editor of AdPulp. I wrote my first ad for a political candidate when I was 17 years old. She won her race and I felt the seductive power of advertising for the first time. I worked for seven agencies in five states before launching my own practice in 2009. Today, I am head of brand strategy and creative at Bonehook in Portland, Oregon.