Deal Snapshot
RCI to Purchase 11 Adult Nightclubs in Six States
Tuesday 27 July 2021

US-based gentlemen's club and sports bars/restaurant operator RCI Hospitality Holdings, Inc. (NASDAQ: RICK) has signed definitive agreements to acquire for USD 88m 11 adult nightclubs, nine of which are controlled by club entrepreneur Troy Lowrie of Lakewood, CO; six related real estate properties; and associated intellectual property, the company said.

The establishments, all fully open, will expand RCI's geographic footprint with five locations in Denver, CO; two near St. Louis, MO; and one each in Indianapolis, IN, Louisville, KY, Raleigh, NC, and Portland, ME.

Date Published: 27/07/2021