CORRECT: TGI Friday’s to Sell Five Locations for $30.5 Million

TGI Friday’s Inc. has struck a deal to sell its locations in the Dallas Fort Worth International Airport and four corporate-owned locations in Maryland for $30.5 million plus the assumption of certain liabilities, a company lawyer said Wednesday.

• The locations are being sold to an affiliate of Sugarloaf Hospitality and the deal is subject to better offers should any materialize in the coming weeks, according to court documents
  • TGI Friday’s is continuing to market additional assets in Chapter 11, company lawyers said during a Wednesday bankruptcy hearing
• TGI Friday’s filed Chapter 11 last month and has previously said it was ...