RCI Hospitality Holdings Acquires Platinum Plus Gentlemen's Club (Allentown, PA)
June 16, 2025
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) closed the acquisition of Platinum Plus Gentlemen's Club in Allentown, Pennsylvania for $2.0 million ( $1.5M cash and $0.5M seller financing). The 15,000-square-foot club will operate under RCI's nightclub portfolio and expand the company's presence in the Northeastern U.S.; executive management from the acquired club will remain in place.
- Buyers
- RCI Hospitality Holdings, Inc.
- Targets
- Platinum Plus Gentlemen's Club
- Industry
- Restaurants & Hospitality
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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