All 14 Dayton-area Penn Station East Coast Subs restaurants and four more in the Cincinnati area are under new ownership, a spokeswoman for the Cincinnati-based chain said today, Oct. 2.
The new owner is Quaker Hospitality Holdings, under the direction of partners Andrew Brennan, Lachlan McLean and Keith Gavin. The previous franchisee was PS Management, Inc., a Penn Station spokeswoman said.
“We were looking for a strong brand with community engagement and existing profitable operations, and we found that with these restaurants,” Brennan said in a release. “We’re eager to support the continued growth of these restaurants and to use our investment experience, including substantive fast-casual restaurant experience, as hands-on owners.”
McLean said, “As a native Cincinnatian, I appreciate the strength of the Penn Station brand and its product and service reputation. As we dug deeper, the culture of the business impressed me. The team we have inherited is tremendous, and this business fits perfectly with our investment strategy.”
Gavin is Quaker Hospitality’s managing owner. He has been with Penn Station for 24 years.
This news outlet has reached out to the new owners and will update this story as we obtain any new information.
When Penn Station opened its newest Dayton-area restaurant on Hospitality Drive in Xenia in February 2018, the company’s president, Craig Dunaway, said, “Dayton has been a great market for Penn Station, and we’re excited to bring the brand to Xenia.”
>> PREVIOUS COVERAGE: Penn Station East Coast Subs opens new restaurant in Xenia (February 2018)
Penn Station East Coast Subs offers an assortment of hot and cold deli sandwiches, wraps and salads, including the chain’s signature Philadelphia cheesesteak sandwich, along with fresh-cut fries, lemonade and chocolate chunk cookies baked daily in the restaurant. Penn Station offers dine-in service, carry-out and catering.
The chain has more than 310 locations in 14 states.