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.
