We are proud to announce that our long-time client Anand Patel, through a new entity AIG TN, LLC, has purchased seventeen more Applebee’s in six states (Arkansas, Illinois, Kentucky, Mississippi, Missouri and Tennessee) from Applebee’s Restaurants West, LLC. Previously, Lowndes, Drosdick, Doster, Kantor & Reed assisted this client with the purchase of 28 Applebee’s in New Mexico and Virginia. This is the fourth asset purchase for this client, and the firm assisted with asset purchase agreements, liquor licenses, and documenting a $35.5 million loan from Regions. Key attorneys involved in this matter were Jacqueline Bozzuto, and Gary M. Kaleita. We celebrate our client, AIG TN, LLC.
March 28, 2012