WINTER PARK, Fla.--(BUSINESS WIRE)--Nov. 3, 2017--
Ruth’s Hospitality Group, Inc. (RHGI) (Nasdaq:RUTH) is pleased to
announce the acquisition of six Hawaii Ruth’s Chris Steak House
locations from longtime franchise partner Desert Island Restaurants.
Since 1994, the Desert Island Restaurants team, led by Founder and Chief
Executive Officer Randy Schoch, has operated an award-winning group of
restaurants, leveraging founder Ruth Fertel’s successful recipe:
sizzling prime steaks and legendary hospitality – enhanced with the
aloha spirit of Hawaii.
“We’re delighted to welcome these outstanding restaurants and their
wonderful teams into the Ruth’s Hospitality Group family and are
committed to continuing their success. These locations truly embody the
culture of hospitality, quality and service that has set us apart for
more than 50 years,” said Mike O’Donnell, Chairman and Chief Executive
Officer for Ruth’s Hospitality Group. “Having spent time with the teams
in Hawaii, I’ve seen firsthand why our guests so enjoy their dining
experiences with us. I look forward to continuing our great work with
the Hawaii teams.”
For over twenty years, the Hawaii Ruth’s locations have become a
favorite among both locals and travelers, consistently delivering the
hospitality of Ruth’s Chris and exceeding guest expectations. These six
locations include: Honolulu, Waikiki, Lahaina, Wailea, Mauna Lani and
the newest location, Kauai.
Together with Schoch’s team at Desert Island Restaurants, RHGI will work
closely to ensure a seamless transition for team members and guests.
“With RHGI’s leadership and the strength of the Ruth’s Chris Steak House
brand, the future of these locations is in excellent hands,” said
Schoch. “I’m confident that RHGI will build upon our accomplishments and
embrace the island spirit that has continuously guided everything our
team members do.”
Both RHGI and Desert Island Restaurants are diligently working on the
integration. The anticipated completion of the transaction is expected
no later than the end of the first quarter of 2018.
About Ruth's Hospitality Group
Ruth's Hospitality Group, Inc., headquartered in Winter Park, Florida,
is the largest fine dining steak house company in the U.S. as measured
by the total number of company-owned and franchise-owned restaurants,
with over 150 Ruth’s Chris Steak House locations worldwide specializing
in USDA Prime grade steaks served in Ruth’s Chris’ signature fashion –
For information about our restaurants, to make reservations, or to
purchase gift cards, please visit www.RuthsChris.com.
For more information about Ruth’s Hospitality Group, Inc., please visit www.rhgi.com.
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Source: Ruth’s Hospitality Group, Inc
For Ruth’s Hospitality Group, Inc
Terri Kaupp, 504-450-5848