Once-popular burger chain selling dozens of locations across the country (opens original article in a new tab)

Red Robin is selling 86 company-owned restaurants to franchise operators for $72.5 million as part of a financial restructuring plan.

• Red Robin is selling 86 company-owned restaurants to franchise operators for $72.5 million as part of a financial restructuring plan.
• Op Burgers LLC will acquire 69 locations in multiple states for $62.5 million, while Kuber Oregon LLC and Kuber Washington LLC will take over 17 locations in Oregon and Washington for $10 million.
• The sales are part of Red Robin's "First Choice" turnaround plan to reduce debt and increase franchise ownership.