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STAR-ADVERTISER FILE
Ruth’s Hospitality Group Inc. is acquiring the six Hawaii Ruth’s Chris Steak House locations from franchise partner Desert Island Restaurants.
Ruth’s Hospitality Group Inc. said today it is acquiring the six Hawaii Ruth’s Chris Steak House locations from franchise partner Desert Island Restaurants for approximately $35 million.
Randy Schoch, founder and CEO of Desert Island Restaurants, has operated the Hawaii Ruth’s Chris restaurants since 1994.
The restaurants are located in Honolulu, Waikiki, Lahaina, Wailea, Mauna Lani and Kauai. The anticipated completion of the transaction is expected no later than the end of the first quarter.
Desert Island Restaurants will continue to operate its two Romano’s Macaroni Grill restaurants at Ala Moana Center on Oahu and at the Waikoloa Beach Resort on Hawaii island.
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