Struggling Luby’s Selling Some Properties

HOUSTON (CBSDFW.COM) -Those loyal to the LuAnn platter may want to get to Luby’s soon.
The Houston-based cafeteria restaurant chain confirmed it is in discussions to sell some of its properties to pay down a total debt of nearly $40 million.
Luby’s operates 147 restaurants across the country, including 84 Luby’s Cafeterias, 61 Fuddruckers and two Cheeseburger in Paradise restaurants.
Recently, the chain sold eight properties to pay off debt.
Chris Pappas, President and CEO, sai