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Monterey's Tex-Mex Cafe

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Monterey's Tex-Mex Cafe, originally Monterey House and later Monterey's Little Mexico, is a chain of Tex-Mex themed restaurants in Oklahoma and Texas. The chain was purchased by Brock Hotel Corporation in July 1987, and operated by ShowBiz Pizza Time from 1988 to 1994.[1] The chain was sold to Monterey's Acquisitions Co. of Houston, Texas for $6.7 million in cash, and a $4.7 million promissory note. In addition, ShowBiz retained a 12.5% ownership interest in Monterey's Acquisitions, a new division of the Pineapple Group of Houston. The sale was completed in May 1994.[2]

During the period of ownership by ShowBiz, the restaurant chain changed its name from "Monterey House" to "Monterey's Tex-Mex Cafe", and was reduced in size from 58 locations in August 1988[1] to 26 locations at the time of its sale.[2]

The restaurant chain is still in operation today under the name "Monterey's Little Mexico".

ReferencesEdit

  1. ^ a b Current, Michael. "A History of the Former Atari Restaurant Operating Division". Archived from the original on 2013-01-12. http://www.webcitation.org/6DcbRxrpG. Retrieved 2013-01-12.
  2. ^ a b "ShowBiz completes Monterey's sale.". Nation's Restaurant News. 1994-05-30.

External linksEdit

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