SOURCE: Chanticleer Holdings, Inc.

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November 28, 2016 08:30 ET

Chanticleer Holdings To Open New Little Big Burger in Portland, Oregon; Grand Opening Slated For Week of December 5

CHARLOTTE, NC--(Marketwired - November 28, 2016) - Chanticleer Holdings, Inc. (NASDAQ: HOTR) ("Chanticleer" or the "Company"), owner and operator of multiple restaurant brands internationally and domestically, announced the grand opening of a new Little Big Burger (LBB) in Portland, Oregon the week of December 5.

This will be Chanticleer's ninth Little Big Burger and 40th fast casual better burger store. Fast casual better burger restaurants now account for 70% of Chanticleer's total store count.

The restaurant will be located in the Lloyd District at the Hassalo on Eighth Velomore Building: 1088 NE 7th Ave. in Portland. Portland is the largest city in Oregon, with 60% of the state's population residing within the city's metropolitan area.

Mike Pruitt, CEO of Chanticleer Holdings, commented, "We are very pleased to open up a new Little Big Burger in the Portland area. This store is our first store opening financed with EB-5 capital, which provides attractive, non-dilutive capital to expand our regional brands. Little Big Burger has been performing well with particularly attractive store economics, and we look forward to continuing to strategically utilize EB-5 financing for additional Little Big Burger restaurants as well as our other regional brands."

About Chanticleer Holdings, Inc.

Headquartered in Charlotte, NC, Chanticleer Holdings (HOTR), owns, operates and franchises fast casual and full service restaurant brands, including American Burger Company, BGR: The Burger Joint, Little Big Burger, Just Fresh and Hooters.

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