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MARRIOTT COMPLETES BIG BOY SALE TO SHONEY'S, THOMPSON HOSPITALITY

MARRIOTT COMPLETES BIG BOY SALE TO SHONEY'S, THOMPSON HOSPITALITY
 WASHINGTON, Oct. 5 /PRNewswire/ -- Marriott Corporation (NYSE: MHS) said today that it had completed the previously announced sale of 40 Big Boy restaurants in Maryland, Virginia and the District of Columbia to Shoney's, Inc. (NYSE: SHN), and Thompson Hospitality, L.P., a Shoney's franchisee.
 The total purchase price was approximately $17.5 million. Under the transaction, Thompson Hospitality purchased 31 restaurants and expects to convert at least 26 units to Shoney's restaurants over the next two years. Shoney's Inc. acquired nine restaurants which it will convert to Shoney's restaurants over the next five months.
 Marriott Corporation is a diversified hospitality company involved in lodging and contract services.
 -0- 10/5/92
 /CONTACT: Richard Sneed of Marriott Corporation, 301-380-5177/
 (MHS SHN) CO: Marriott Corporation; Shoney's Inc.; Thompson Hospitality, L.P. ST: District of Columbia IN: LEI SU:


DC -- DC029 -- 6726 10/05/92 16:05 EDT
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Publication:PR Newswire
Date:Oct 5, 1992
Words:154
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