Entertainment and video game giant Atari announced Friday it finalized a licensing agreement with Phoenix-based True North Studio and GSD Group to build eight Atari-branded hotels in the U.S., including in Phoenix.
According to a statement released by Paris-based Atari, the company will be entitled to 5% of the hotels' revenue.
The company received an advance of $600,000 at the time of signing the agreement.
The hotels will focus on the video game universe and Atari brand.
