58 Ground Round Locations To Be Sold

Press Release
MELVILLE, NY — American Hospitality Concepts today announced that it has retained DJM Asset Management to dispose of its 58 Ground Round and other restaurant locations throughout the United States. The disposition of one fee-owned and 57-leased locations is in response to AHC’s filing for Chapter 11 Bankruptcy protection on February 19th.

“The locations are in freestanding and strip centers that range from 3,363 sf to 9,861 square feet,” stated Joe DiMitirio of DJM Asset Management. “Many of these restaurants are in prime space and being sold with a liquor license and all the equipment in place. We expect a large number of preliminary bids by our due date of Friday, April 9th.”

The locations had been operating in 16 states under the Ground Round, Berkshire Grill, Tin Alley Grille and Tap & Grill names. Another 73 Ground Round restaurants owned by franchisees will remain open.

If you would like to obtain copies of one or more leases that you might have an interest in or need any additional information, please contact DJM Asset Management at (631) 752-1100 and either Joe DiMitrio (x227) or Mark Dufton (x228) will assist you.

About DJM
Based in Melville, New York, DJM Asset Management appraises properties, disposes of and/or mitigates lease liabilities and acquires retail, commercial and industrial real estate that does not fit into our strategic partner’s long-term goals. During the past three years, DJM has conducted evaluations on over 9,000 locations and restructured or disposed of over 120,000,000 s/f of space and over 4,000 properties.