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Rick’s Cabaret Acquires Another Minneapolis Club

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Feb 9, 2015 3:59 PM PST    Text size: 

MINNEAPOLIS — Gentlemen’s club chain Rick's Cabaret has inked a deal to buy downtown Minneapolis competitor The Seville Club.

Houston-based RCI Hospitality Holdings Inc. said two company divisions will pay $8.5 million for the strip club —$4.5 million for the club and $4 million for the three-story building located across from the Target Center and a block away from Target Field.

RCI Hospitality Holdings purchased another Minneapolis competitor, Schiek's Palace Royale (now Downtown Cabaret), in 2011 for about $6 million.

"The Seville Club expands our presence in the attractive Minneapolis market, enabling us to own three of the top locations," RCI CEO Eric Langan said in a news release. "The Seville Club has been successful for more than a decade. ... It attracts gorgeous entertainers."

Formerly Rick's Cabaret International Inc., RCI Hospitality has 45 gentlemen's clubs and sports bars in the U.S.

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