Restaurants belonging to the large Denny’s Corporation may see some upgrade work in the wake of the chain’s $620 million acquisition.
A partnership of three companies has announced its purchase of the chain, which was founded in 1954 and currently has more than 1,500 locations in North America.
Due to a series of factors, Denny’s has in recent months closed what it has described as some of its “lowest-performing restaurants.”
In a statement last November, Stephen Dunn, executive vice-president for the company, noted that some of the Denny’s restaurants that were being closed were more than 70 years old. “We have a lot of restaurants that have been out there for a very long time,” he remarked.
What was initially announced as a closure of around 150 restaurants was increased to 180 earlier this year.
Denny’s took a particular hit during the months of the Covid 19 economic shutdown and never completely recovered. When the shutdown ended, nearly a quarter of the company’s locations declined to return to a 24-hour schedule, which had long been one of the chain’s most popular features.
Denny’s reported a sales decline of nearly 3% during the third quarter of this year.
The purchase of Denny’s, which has been approved by the company’s board of directors, is being undertaken by New York-based TriArtisan Capital Advisors; Treville Capital, also of New York; and Yadav Enterprises, whose headquarters are based in Fremont, California.
The company had earlier said that it planned to upgrade many of its locations beginning next year. According to various published sources, it is expected that those upgrades may accelerate with the new purchase.
Denny’s restaurants are generally in free-standing structures measuring around 3,800 to 5,000 square feet. Some of the chain’s buildings, with modernistic and Googie design elements, have been praised for their architecture.
November 7, 2025
By Garry Boulard
2025 Denny’s Advertisement
