- WHITE PAPERS
GPS Hospitality Acquisition Company LLC announced the purchase of 15 Burger King restaurants from Charton Management Inc.
According to a press release, the newly acquired stores are located in West Virginia and Southeastern Ohio.
"Charton Management has a longstanding history with the Burger King brand and we're excited to add these stores to the GPS portfolio," said Tom Garrett, CEO and founder. "We have a plan for aggressive growth — to reach 200 stores by 2018. This is the first step to achieving that goal."
The Atlanta-based GPS Hospitality stores remodeled 10 restaurant in 2013, with plans for 14 more in 2014.
"We're on track to remodel 29 of our 42 stores in the Atlanta area by the end of 2015, per our commitment to Burger King Corp. when we became a franchisee in October 2012," Garrett added. "Investing in remodeling our stores demonstrates a commitment to the brand, to our employees and the communities we serve. The feedback we've received from our guests, and our teams, has been overwhelmingly positive."
GPS Hospitality operates 42 Burger Kings in the Metro Atlanta area.
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