Brief: Atari Grants Licensing Rights To Build Atari Hotels In The United States

Atari SA

24/01/2020 07:25

Jan 24 (Reuters) - Atari SA  ATAR.PA :
    * GRANTS LICENSING RIGHTS TO BUILD ATARI HOTELS IN THE
UNITED
STATES
    * LICENSING AGREEMENT WITH TRUE NORTH STUDIO, A US REAL
ESTATE
DEVELOPER, AND GSD GROUP, FOR DEVELOPMENT OF ATARI BRANDED
HOTELS IN 8 CITIES IN UNITED STATES
    * ATARI WILL BE ENTITLED TO 5% OF REVENUE OF THESE HOTELS
AND HAS
RECEIVED A NON-REFUNDABLE ADVANCE OF 0.6 MILLION US$ AT SIGNING
    * FIRST HOTEL IS PLANNED TO BREAK GROUND IN 2020 IN PHOENIX

Source text for Eikon:  ID:nGNE81Dw7L 
Further company coverage:  ATAR.PA 

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