Chanticleer Holdings, Inc. (NASDAQ: HOTR) today announced that the Company has commenced construction on its South Africa Hooters location in the Walmer section of the city of Port Elizabeth. The Company's sixth South Africa location, purchased by Chanticleer Holdings in 2014, is an existing stand-alone building with a surrounding car park area. The restaurant is expected to be completed and open by end of July 2015.
Walmer is known as the cosmopolitan center of Port Elizabeth, full of trendy bars, restaurants, a movie theater and local businesses with upmarket residential areas surrounding the shopping district. In this setting, Hooters will attract an optimal blend of business and residential patrons.
Mike Pruitt, Chairman and Chief Executive Officer, commented, "Due to the success of our rights offering, we are now able to break ground and begin construction on our Port Elizabeth location. This up trending city will be ideal for a world class brand such as Hooters and we believe it will be one of our top producing restaurants in South Africa."
Headquartered in Charlotte, NC, Chanticleer Holdings (HOTR), together with its subsidiaries, owns and operates restaurant brands in the United States and internationally. The Company is a franchisee owner of Hooters® restaurants in international markets including Australia, South Africa, and Europe, and two Hooters restaurants in the United States. The Company also owns and operates American Burger Co., BGR: The Burger Joint, and owns a majority interest in Just Fresh restaurants in the U.S.
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