Meritage Opens Fifth OCharleys

January 30, 2006
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GRAND RAPIDS — Meritage Hospitality Group Inc. opened its fifth O'Charley's restaurant in Michigan at 9729 Belleville Road in Van Buren Township. The restaurant is the 53rd restaurant for Meritage, the nation's only publicly traded Wendy's franchisee and O'Charley's franchisee.

CEO Robert Schermer Jr. said development plans for 2006 include at least one additional O'Charley's and one additional Wendy's. He said the company is continuing its investment in technology, operating, financial and information systems that will help Meritage expand it franchise brands and geographical presence.

"We remain committed to increasing shareholder value and returning capital to our shareholders while maintaining the capacity to grow our business both organically and through strategic acquisitions," Schermer said. "I believe Meritage is prepared to expand its franchise brands and geographical presence while continuing to achieve operational excellence."    

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