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GRILE Grill Concepts Inc. (MM)

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Share Name Share Symbol Market Type
Grill Concepts Inc. (MM) NASDAQ:GRILE NASDAQ Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Grill Concepts Opens Daily Grill Restaurant in Santa Monica's Colorado Center

18/04/2005 1:20pm

PR Newswire (US)


Grill Concepts (NASDAQ:GRILE)
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Grill Concepts Opens Daily Grill Restaurant in Santa Monica's Colorado Center LOS ANGELES, April 18 /PRNewswire-FirstCall/ -- Grill Concepts, Inc. (NASDAQ:GRILE) today announced the grand opening of its 20th Daily Grill restaurant, located in Santa Monica's professional and entertainment district in the Colorado Center. The newest Daily Grill, situated at the intersection of Colorado Avenue and 26th, joins a host of entertainment/media heavyweights -- including MTV, CBS Enterprises and soon-to-be Yahoo.com -- as tenants of the 15-acre complex, owned and managed by Equity Office Properties Trust, the nation's largest publicly held real estate investment Trust. The Colorado Center encompasses six buildings and more than one million square feet of office and retail space in an open air campus featuring outside walkways amid lush landscaping. Grill Concepts opened the doors to its 7,500-plus square-foot Santa Monica Daily Grill to welcoming crowds of both corporate and residential guests. The new $2.2 million restaurant, including the bar and patio, seats nearly 240. It also features two side-by-side private dining rooms that already have accommodated a number of corporate lunches and private events. The company has a 15-year lease with options on the property. "We are very pleased with the early performance of the Santa Monica Daily Grill," said Robert Spivak, president and chief executive officer of Grill Concepts. "In addition to the extremely busy lunch crowds, take-out and delivery orders started strong and continue to grow. The restaurant has the busiest bar of all its Southern California restaurants. "Our newest Daily Grill also has been a welcome addition for nearby residents who appreciate our signature, made-from-scratch, classic American grill fare," Spivak added. About Grill Concepts, Inc. Grill Concepts owns and manages upscale casual and fine dining, full service restaurants under two core brand names: The Grill on the Alley and Daily Grill. The company operates 24 restaurants, including four The Grill on the Alley-branded restaurants in Beverly Hills, Hollywood, San Jose, and Chicago, as well as 20 Daily Grill restaurants in Southern and Northern California, the Washington, D.C. metropolitan region, Houston, Portland, Oregon and Skokie, Illinois. DATASOURCE: Grill Concepts, Inc. CONTACT: Philip Gay, Chief Financial Officer of Grill Concepts, Inc., +1-310-820-5559; or Roger Pondel or Angie Yang, both of PondelWilkinson Inc., +1-310-279-5980, , for Grill Concepts, Inc. Web site: http://www.pondel.com/

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