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, founded in 1955 in Houston, Texas. The chain was purchased by Brock Hotel Corporation in July 1987, and operated by ShowBiz Pizza Time from 1988 to 1994, through the subsidiary company BHC Acquisition Corporation.[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".
References[]
- ^ 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.
- ^ a b "ShowBiz completes Monterey's sale.". Nation's Restaurant News. 1994-05-30.