Spell Restaurant Group Sells Two Babalu Locations in Memphis

Memphis, TN, October 2, 2026 — Spell Restaurant Group has completed the sale of its two Babalu restaurant locations situated in Memphis, Tennessee. The transaction details, including the identity of the buyer and the financial terms of the sale, were not immediately available.

Babalu is a restaurant concept that has operated in various markets. The sale of the Memphis establishments marks a shift for Spell Restaurant Group concerning its presence in that particular city. The specific reasons behind the divestment were not disclosed in the available information.

Spell Restaurant Group’s portfolio typically includes a range of dining concepts. The decision to sell the Babalu sites in Memphis suggests a strategic realignment or a change in operational focus for the company. Further details regarding the future plans for these specific locations or for Spell Restaurant Group’s broader expansion or contraction strategies are not yet public.

Information regarding the timeline of the sale, such as when the transaction was finalized or the duration of the negotiation period, has not been provided. Similarly, details about the impact on current employees at the sold Babalu restaurants or any planned changes to the menu or operational model under new ownership are pending further announcements.

The Babalu brand, known for its particular culinary offerings, operated from two distinct addresses within Memphis. The status of these establishments following the sale, whether they will continue to operate under the Babalu name or undergo rebranding, remains to be determined. The company’s decision to exit the Memphis market with these two locations is a notable development for the local dining scene.

Story summarized from the original created by Google News on news.google.com, see more information here.