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.
