{"id":339145,"date":"2026-06-17T00:27:06","date_gmt":"2026-06-17T00:27:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/339145\/"},"modified":"2026-06-17T00:27:06","modified_gmt":"2026-06-17T00:27:06","slug":"new-food-deals-join-hot-summer-nights-in-austin-for-2026","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/339145\/","title":{"rendered":"New food deals join Hot Summer Nights in Austin for 2026"},"content":{"rendered":"

Six months after filing for bankruptcy, the Twin Peaks<\/a> restaurant chain is getting a second chance at success.<\/p>\n

In a Monday, June 15 press release, Twin Peaks said it has separated from its parent company, FAT Brands<\/a>, and now operates as a standalone private company called Summit Twin Hospitality I LLC.<\/p>\n

Summit Acquisitions LLC, a group of the brand\u2019s bondholders \u2014 high-priority bankruptcy creditors including Twin Peaks franchisees 3BMgmnt Inc., JEB Food Group, and Operadora 2 Montes \u2014 has assumed management of the brand and is poised to eventually buy the chain.<\/p>\n

\u201cThis transition gives our team the foundation we\u2019ve needed to execute on the vision we\u2019ve always had for this brand,\u201d says Roger Gondek, president and chief operating officer of Twin Peaks, in the release. \u201cWe have a strong system, exceptional operators, and enviable guest loyalty, and now we have the financial footing to match. The best days for Twin Peaks are ahead.\u201d<\/p>\n

In May, a business known as TWNPKS Bid Co. \u2014 backed by bondholders \u2014 acquired Twin Peaks in a $359 million debt-to-equity deal approved by a bankruptcy judge in Houston.<\/p>\n

Five years ago, FAT Brands bought Twin Peaks from New York City investment firm Garnett Station Partners for $300 million. Last year, Twin Peaks became a publicly traded company after its spinoff from FAT Brands, which remains the chain\u2019s biggest stockholder.<\/p>\n

Twin Peaks, which is based in the Dallas County town of Addison, enters its new era with more than 115 restaurants in the U.S. and Mexico, including 11 restaurants in Dallas-Fort Worth and a total of 31 statewide. More restaurants are on the way, including franchised locations in Brownsville, Laredo, and South Padre Island.<\/p>\n

Twin Peaks, founded in Lewisville in 2005, competes with Bombshells, Hooters, Twisted Kilt and other \u201cbreastaurant\u201d chains. <\/p>\n

According to the press release, Twin Peaks\u2019 executive team remains intact, and no layoffs are planned. In fact, the company plans to add employees as its store count grows.<\/p>\n

In conjunction with FAT Brands\u2019 bankruptcy case, a business called FBG Bid Co. said Tuesday, June 16, that it purchased 13 restaurant brands<\/a> owned by FAT Brands for about $595 million. The acquisition includes chains like Fatburger, Fazoli\u2019s, Great American Cookies, Johnny Rockets, Marble Slab Creamery, and Ponderosa and Bonanza steakhouses, but excludes Twin Peaks.<\/p>\n

FAT Brands and Twin Peaks filed for Chapter 11 bankruptcy protection<\/a> in January with plans to reorganize the businesses. At the time of the bankruptcy filing, FAT Brands owed about $1.4 billion in debt that it was unable to cover.<\/p>\n","protected":false},"excerpt":{"rendered":"Six months after filing for bankruptcy, the Twin Peaks restaurant chain is getting a second chance at success.…\n","protected":false},"author":2,"featured_media":339146,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[132,134,133,3330,577,3569,119470,23676],"class_list":["post-339145","post","type-post","status-publish","format-standard","has-post-thumbnail","category-austin","tag-austin","tag-austin-headlines","tag-austin-news","tag-coffee","tag-festivals","tag-food-trucks","tag-hot-summer-nights","tag-red-river-cultural-district"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/339145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=339145"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/339145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/339146"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=339145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=339145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=339145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}