Meritage Hospitality Group Inc. announced that it has acquired six Wendy's restaurants located in the Jacksonville, Florida area. The Company funded the acquisition with cash on hand and expects the six additional restaurants to add approximately $11.0 million in annual sales and be accretive to earnings. The Company is a leader of new restaurant development within the Wendy's system, as supported by its newly updated commitment to build 51 Wendy's restaurants by the end of 2025 under a development agreement.

The Company is on pace for a record number of new Wendy's restaurants in 2022 across its 16 states of operation.