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home / news releases / RICK - RCI Hospitality acquires adult nightclub in Odessa TX

RICK - RCI Hospitality acquires adult nightclub in Odessa TX

RCI Hospitality Holdings Inc.
  • RCI Hospitality Holdings ( NASDAQ: RICK ) has closed the purchase agreements that enables subsidiaries to open a third adult nightclub in Ector County, TX, right off busy State Highway Loop 338.
  • The new club will be the 14th location acquired this fiscal year and the 51st club in our portfolio, and should begin contributing to results by the end of September.
  • Price paid was $1.8M in cash and seller financing for the club's assets.
  • RCI subsidiaries acquired the PT's brand when it purchased a group of 11 clubs in 6 states in October 2021.

For further details see:

RCI Hospitality acquires adult nightclub in Odessa, TX
Stock Information
Company Name: RCI Hospitality Holdings Inc.
Stock Symbol: RICK
Market: NASDAQ
Website: rcihospitality.com
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