Developer inks deal with Atari for hotels in Phoenix, other cities

Posted at 12:27 PM, Jan 24, 2020
and last updated 2020-01-24 14:27:06-05

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.

Read more from the Phoenix Business Journal.