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.
Consideration 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.
The 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.
Recently, 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.
About RCI Hospitality Holdings, Inc. (Nasdaq: RICK) (Twitter:
@RCIHHinc)
With 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.
Forward-Looking Statements
This 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 Form 10-K for the year
ended September 30, 2022, as well as
its other filings with the U.S. Securities and Exchange Commission.
The company has no obligation to update or revise the
forward-looking statements to reflect the occurrence of future
events or circumstances.
Media & Investor Contacts
Gary Fishman and Steven Anreder at 212-532-3232 or
gary.fishman@anreder.com and steven.anreder@anreder.com
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SOURCE RCI Hospitality Holdings, Inc.