Kona Grill – Seeks Authority for Private $25mn Cash Sale to Affiliate of “Vibe Dining” Leader, The One Group Hospitality, Inc.

August 30, 2019 – The Debtors requested Court authority to (i) sell twenty-four of their restaurants to Kona Grill Acquisition, LLC (the “Purchaser”) for a cash purchase price of $25.0mn in a private sale and (ii) distribute proceeds of that sale to its debtor-in-possession ("DIP") lender Keybank National Association [Docket No. 372]. The asset purchase…