Darden Restaurants, the parent company of Olive Garden, has announced that it will be suspending the opening of all new restaurant locations in an effort to boost value for its shareholders. This is bad news for Oahu residents who were hoping that the first Olive Garden would be built in Kapolei in 2015. While it is possible that Draden has simply decided to "pause" the construction for a while, the company has declined to make an definitive answer about the fate of the Kapolei Olive Garden. There are currently 834 Olive Gardens in the United States and Canada.
Source: Honolulu Star Advertiser, 12-20-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
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