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Parent of Chuck E. Cheese Makes Unusual Rent Payment Offer to Landlords

Bankruptcy Attorney: 'I've Never Seen This Before in My 20 Years of Practicing Bankruptcy Law'
A Chuck E. Cheese restaurant in June in Pinole, California. CEC Entertainment, the parent company of Chuck E. Cheese’s restaurants, wants to pay partial rent to landlords. (Getty Images)
A Chuck E. Cheese restaurant in June in Pinole, California. CEC Entertainment, the parent company of Chuck E. Cheese’s restaurants, wants to pay partial rent to landlords. (Getty Images)
CoStar News
September 1, 2020 | 11:54 P.M.

The parent company of the Chuck E. Cheese and Peter Piper Pizza restaurant chains proposes, as part of its Chapter 11 bankruptcy protection proceedings, paying landlords a percentage of rent based on how each location is used.

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