Business
RCI Announces Acquisition of Denver Area Food Hall with Bar, Brewery & Videogame Arcade
HOUSTON, Dec. 21, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced the acquisition of a food hall with a full service bar,
About this update from Rci Hospitality Holdings, Inc.
[{"type":"text","content":"HOUSTON, Dec. 21, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced the acquisition of a food hall with a full service bar, brewery, and videogame arcade, as well as the associated real estate, in Greenwood Village, CO as part of RCI's expansion in the greater Denver area.\n\n \n \n \n \n \n \n\n \nConsideration paid was $5.2 million, consisting of $1.875 million in cash and a 5-year, 6.67% bank financing note with a 25-year amortization. The food hall at the popular 12,500 square foot location at 6575 Greenwood Plaza Boulevard offers sushi, charcuterie, Italian artisanal sandwiches, Korean dumplings, Mexican dishes, ramen, pizza, and Mediterranean specialties.\nThe plan is to add a mini Bombshells kitchen featuring its famous wings and salads as well as many of its popular appetizers, and use the brewery to create its own, signature craft beers for sale in other RCI locations to further differentiate its brands in Colorado.\nRecently, RCI announced the acquisition of sites in Aurora, CO for a Bombshells and in Central City, CO for a Rick's Cabaret Steakhouse and Casino, adding to the company's five adult nightclubs in Denver.\nAbout RCI Hospitality Holdings, Inc. (Nasdaq: RICK) (Twitter: @RCIHHinc)\nWith more than 60 locations, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country's leading company in adult nightclubs and sports bars/restaurants. See all our brands at www.rcihospitality.com. \nForward-Looking Statements\nThis press release may contain forward-looking statements that involve a number of risks and uncertainties that could cause the company's actual results to differ materially from those indicated, including, but not limited to, the risks and uncertainties associated with (i) operating and managing an adult entertainment or restaurant business, (ii) the business climates in cities where it operates, (iii) the success or lack thereof in launching and building the company's businesses, (iv) cyber security, (v) conditions relevant to real estate transactions, (vi) the impact of the COVID-19 pandemic, and (vii) numerous other factors such as laws governing the operation of adult entertainment or restaurant businesses, competition and dependence on key personnel. For more detailed discussion of such factors and certain risks and uncertainties, see RCI's annual report on Fo...