Wag's was a chain of casual dining (or "family") restaurants owned and operated by Walgreens in the 1970s and 1980s. They were modeled after restaurants like Denny's, Shoney's, and Big Boy in that they were mostly 24-hour establishments specializing in inexpensive fare such as hamburgers and breakfast. The chain was based on smaller restaurants that existed in some of the larger Walgreens stores.
Walgreens sold all 91 freestanding stores to Marriott Corporation in 1988, retaining only a few locations that were situated in malls.[1] Soon after this, Marriott began selling off its assets. Unable to find a buyer for most of the restaurants, the Wag's chain was completely out of business by 1991. However, the 30 Wag's restaurants in the Chicago Metropolitan area were sold to Lunan Corporation (large Arby's franchisee in Chicago) and run by Lunan Family Restaurants. Over the course of 2 years, each Wag's restaurant continued to do business as Wag's until converted to a Shoney's restaurant. Lunan Family Restaurants went out of business in 1994 and the Shoney's locations were sold to various chains or individuals. Some locations continue to this day as IHOP restaurants.[citation needed] Marriott itself ceased operations in 1993, when they split into two new entities.[2]
^"Company News; Marriott to Buy 91 Wag's Restaurants." Reuters at New York Times. June 30, 1988.
^"Marriott to Split Into 2 Firms, Shift Debt Load : Strategy: The hotel management and franchise business will be separated from hotel and retirement properties". Los Angeles Times. October 6, 1992. Marriott Corp. on Monday unveiled plans to split in two next year, separating its prosperous hotel management and franchise business from its wholly owned hotel and retirement properties.
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this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, december, 2023, learn, when. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Wag s news newspapers books scholar JSTOR December 2023 Learn how and when to remove this template message Wag s was a chain of casual dining or family restaurants owned and operated by Walgreens in the 1970s and 1980s They were modeled after restaurants like Denny s Shoney s and Big Boy in that they were mostly 24 hour establishments specializing in inexpensive fare such as hamburgers and breakfast The chain was based on smaller restaurants that existed in some of the larger Walgreens stores Wag sIndustryCasual dining amp Pancake houseFounded1975Defunct1991FateClosedHeadquartersDeerfield Illinois United StatesArea servedChicago metropolitan area and FloridaParentWalgreens through 1988 Marriott Corp 1988 1991 Walgreens sold all 91 freestanding stores to Marriott Corporation in 1988 retaining only a few locations that were situated in malls 1 Soon after this Marriott began selling off its assets Unable to find a buyer for most of the restaurants the Wag s chain was completely out of business by 1991 However the 30 Wag s restaurants in the Chicago Metropolitan area were sold to Lunan Corporation large Arby s franchisee in Chicago and run by Lunan Family Restaurants Over the course of 2 years each Wag s restaurant continued to do business as Wag s until converted to a Shoney s restaurant Lunan Family Restaurants went out of business in 1994 and the Shoney s locations were sold to various chains or individuals Some locations continue to this day as IHOP restaurants citation needed Marriott itself ceased operations in 1993 when they split into two new entities 2 See also edit nbsp United States portal nbsp Food portalLunch counterReferences edit Company News Marriott to Buy 91 Wag s Restaurants Reuters at New York Times June 30 1988 Marriott to Split Into 2 Firms Shift Debt Load Strategy The hotel management and franchise business will be separated from hotel and retirement properties Los Angeles Times October 6 1992 Marriott Corp on Monday unveiled plans to split in two next year separating its prosperous hotel management and franchise business from its wholly owned hotel and retirement properties nbsp This US based restaurant or restaurant chain article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Wag 27s amp oldid 1213576318, wikipedia, wiki, book, books, library,
