The first hotel will breakground this year in Phoenix. Photo by Shutterstock.
Paris—Atari has signed a licensing agreement with True NorthStudio, a US real estate developer, and GSD Group, to develop Ataribranded hotels in eight cities in the US. According to theagreement, Atari will be entitled to 5% of the revenue of thesehotels.
The first hotel will break ground this year in Phoenix, close tothe first "Woz U" university campus, created in 2017 by SteveWozniak. The other cities are Austin, Chicago, Denver, Las Vegas,San Francisco, San Jose and Seattle. Atari retains the rights todevelop similar activities in other cities in the United States andthe rest of the world.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
