RCI Hospitality (RICK) Holdings 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 Company said three non-income producing properties have letters of intent or are under contract to sell for a combined total of approximately $16.4M. Aggregate debt on these properties is $7.3M. RCI added that four other small clubs and five other non-income producing properties are actively being marketed with a total estimated value of $17.4M. Aggregate debt on these properties is $9M.
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