Back to Basics 5 - Year Capital Allocation Plan
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RCI Update on Sales of Assets with Estimated Value of Approximately $34 Million
Businesswire· 2025-11-05 17:00
HOUSTON--(BUSINESS WIRE)--RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today issued an update on previously-announced plans to sell assets in line with the Company's "Back to Basics†5-Year Capital Allocation Plan. RCI announced closing on the sale of a small club business in Harlingen, TX for $600,000 cash and a $180,000 annual lease, which starts January 1, 2026. The transaction closed today. The Company said three non-income producing properties have letters of intent or are under contract. ...