Twin Peaks Expands to Connecticut with New Franchise Agreement
Rhea-AI Summary
Twin Hospitality Group (Nasdaq: TWNP) announced on Dec. 18, 2025 it signed an area development agreement to open Twin Peaks sports lodges in Connecticut. The agreement grants development rights for three future lodges across key markets including New Haven, Hartford, Danbury, Stamford/Bridgeport, and Waterbury.
The Connecticut locations will be developed by New London Hospitality, led by Deepak Verma and Kam Singh, who have multi‑unit hospitality experience with brands such as Red Roof Inn, Choice Hotels, and Hilton. The move marks Twin Peaks' debut in the state and supports continued Northeast expansion.
Positive
- Signed agreement grants development rights for 3 Connecticut lodges
- State debut expands Twin Peaks into Connecticut market
- Experienced operators New London Hospitality to develop locations
Negative
- None.
News Market Reaction
On the day this news was published, TWNP gained 1.63%, reflecting a mild positive market reaction. Argus tracked a trough of -17.4% from its starting point during tracking. Our momentum scanner triggered 11 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $904K to the company's valuation, bringing the market cap to $56M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
TWNP was down 5.87% while key peers showed mixed, smaller moves: DENN -0.16%, RRGB -1.48%, GENK +0.55%, STKS -0.53%, THCH -2.8%. This points to company-specific pressure rather than a broad restaurant-sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 17 | Franchise acquisition | Positive | +1.1% | LOI to buy eight Florida Twin Peaks units adding revenue and EBITDA. |
| Nov 05 | Earnings results | Negative | +3.5% | Q3 loss with revenue dip and closures yet stock rose modestly. |
| Nov 04 | Earnings preview | Neutral | -0.5% | Announcement and logistics for upcoming Q3 2025 earnings call. |
| Oct 22 | Research coverage | Positive | -2.6% | Noble Capital initiated company-sponsored equity research coverage. |
| Oct 08 | Executive hire | Positive | +1.4% | Appointment of CMO to support nearly 100 units in development. |
News has often been followed by modest moves, with both positive catalysts and research coverage sometimes met by divergent price reactions.
Over the past few months, Twin Hospitality has balanced strategic expansion with financial strain. On Nov 17, 2025, it agreed to acquire eight Florida Twin Peaks locations for about $47M, targeting an additional $76–$77M in revenue and $9–$10M EBITDA. Q3 results on Nov 5 showed revenue of $82.3M, a net loss of $24.5M, and 11 Smokey Bones closures. Earlier, new CMO and research coverage highlighted brand-building efforts. Today’s Connecticut franchise deal fits the pattern of franchise-led Twin Peaks growth despite ongoing balance sheet stress highlighted in recent SEC filings.
Market Pulse Summary
This announcement highlights franchise-driven expansion, adding development rights for three Twin Peaks lodges across key Connecticut markets. It extends the brand’s Northeast footprint and complements prior growth steps, including a planned Florida franchise acquisition and a sizable development pipeline. In context of recent SEC filings noting high securitization debt and going‑concern language, investors may focus on how asset-light franchise growth, EBITDA contributions, and refinancing efforts interact with leverage and liquidity.
AI-generated analysis. Not financial advice.
Leading sports lodge plans first location in state as brand continues Northeast growth
DALLAS, Dec. 18, 2025 (GLOBE NEWSWIRE) -- Twin Hospitality Group Inc. (Nasdaq: TWNP), parent company of Twin Peaks Restaurant, has signed a new area development agreement to bring its signature Twin Peaks sports lodge experience to Connecticut. The agreement marks Twin Peaks’ debut in the state and includes development rights for three future lodges across key markets, including New Haven, Hartford, Danbury, Stamford/Bridgeport, and Waterbury.
The new lodges will be developed by New London Hospitality, led by business partners Deepak Verma and Kam Singh, both seasoned entrepreneurs with extensive experience in the hospitality space and multi-unit operations. Together, they bring a strong track record of scaling high-performing commercial ventures, including hotel properties under major brands such as Red Roof Inn, Choice Hotels, and Hilton.
“Deepak and Kam bring a powerful combination of hospitality expertise and operational discipline,” said Kim Boerema, CEO of Twin Peaks. “Their experience growing multi-unit concepts makes them ideal partners as we enter Connecticut. We are confident they will help anchor Twin Peaks as a new favorite for sports fans throughout the state.”
“Twin Peaks delivers everything guests want in a sports bar — scratch-made food, 29-degree draft beer, and the best place to catch every game,” said Deepak Verma. “We look forward to introducing the brand’s signature lodge experience and welcoming Twin Peaks girls to Connecticut, establishing a new home base for local sports fans and food enthusiasts.”
For more information on Twin Peaks, visit www.twinpeaksrestaurant.com.
Twin Hospitality Group Inc.
Twin Hospitality Group Inc. (Nasdaq: TWNP) is a restaurant company that strategically develops and operates specialty casual dining restaurant concepts with a goal to redefine the casual dining category with its experiential driven brands. For more information, visit ir.twinpeaksrestaurant.com.
About Twin Peaks
Founded in 2005 in the Dallas suburb of Lewisville, Twin Peaks operates 114 locations in the U.S. and Mexico. Twin Peaks is the ultimate sports lodge featuring made-from-scratch food and the coldest beer in the business, surrounded by scenic views and wall-to-wall TVs. At every Twin Peaks, guests are immediately welcomed by a friendly Twin Peaks Girl and served up a menu made for MVPs. From its smashed and seared-to-order burgers to its in-house smoked brisket and wings, guests can expect menu items that satisfy every appetite. To learn more about franchise opportunities, visit twinpeaksfranchise.com. For more information, visit twinpeaksrestaurant.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the timing and performance of new store openings. Forward-looking statements reflect the expectations of management concerning the future and are subject to significant business, economic and competitive risks, uncertainties, and contingencies. These factors are difficult to predict and beyond our control and could cause our actual results to differ materially from those expressed or implied in such forward-looking statements. We refer you to the documents that are filed from time to time by Twin Hospitality Group Inc. with the Securities and Exchange Commission, such as its reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of these and other factors. We undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date of this press release.
Media Contact:
Betsy DeMik, Champion
(972) 930-9933
bdemik@championmgt.com
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FAQ
What did Twin Hospitality Group (TWNP) announce on December 18, 2025 about Connecticut expansion?
Which Connecticut cities are included in Twin Peaks' development rights for TWNP?
Who will develop the Twin Peaks locations in Connecticut for TWNP?
Does the TWNP announcement disclose financial terms or opening dates for the Connecticut locations?
How does the Connecticut deal affect Twin Peaks' geographic footprint for TWNP?
Where can investors find more information about Twin Hospitality Group (TWNP)?
