TGI Fridays Targets More Than 600 New Store Openings By 2030

January 14, 2026 / no comments

For beleaguered casual dining chain TGI Fridays, thank goodness it’s 2026.
The restaurant operator unveiled a plan this week for a fresh start in the new year, with a goal of more than 1,000 restaurants and $2B in annual revenue by 2030. TGI Fridays released its “1-2-3 Strategic Vision,” which, beyond expansion aspirations, also includes strategic pillars centered on activating its brands, strengthening its franchise system, investing in talent and exploring more flexible store formats.

Maverick quietly takes Chetrit interests at own auction

January 14, 2026 / no comments

The day before Christmas Eve, Meyer Chetrit’s interests in two holding companies were quietly auctioned off.  The highest bidder was an entity of aggressive lender Maverick Real Estate Partners. The affiliate had foreclosed on Chetrit, won a $132 million judgment, and had set about getting paid by garnishing and auctioning Chetrit’s assets.  The result is the latest in Chetrit’s ongoing financial decline and legal battles and reveals the playbook of Maverick, which seemingly aims to take Chetrit’s interests for itself on the cheap, under the auspices of an auction.  The Christmas week auction is the second in the ongoing legal […]

This article originally appeared on The Real Deal. Click here to read the full story.

Chetrit, Stellar stare down foreclosure on Upper West Side

January 14, 2026 / no comments

The bill is coming due for the Chetrit Organization and Stellar Management on the Upper West Side. Shareholders of a $400 million mortgage backing the Columbus Square shopping center filed a lawsuit seeking to foreclose on the property, Crain’s reported. The move comes months after ownership defaulted on the debt at the outdoor shopping center, stretching from West 97th to West 100th Street on Columbus Avenue. Chetrit and Stellar began missing monthly $1.9 million debt payments in August, according to the lawsuit. Chetrit vowed to make good on the back payments and resume monthly payments after receiving a default notice […]

This article originally appeared on The Real Deal. Click here to read the full story.