Apple American to acquire 99 Applebee's units for $94.8M

Apple American to acquire 99 Applebee's units for $94.8M

The deal would make Apple American the nation's largest franchise operator

The largest Applebee’s franchisee, Apple American Group, is acquiring an additional 99 locations of the casual-dining chain from a Poland-based franchise group, AmRest Holdings, for a total of $94.8 million.

Last week, the companies closed a deal on 97 of the restaurants for $91.6 million. In addition, AmRest said in public findings that it expects to sell two more restaurants to Apple American for another $3.2 million in a transaction that's still pending.

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