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(Image credit: Atari Hotels) Share Share by: Copy link Facebook X Whatsapp Reddit Flipboard Share this article Join the conversation Follow us Add us as a preferred source on Google Back in 2020, the Atari Hotels project was first unveiled to the world, and while plans slowed down due to the pandemic, we finally have our first real update in years. Originally destined for multiple locations across America — now, the first Atari Hotel is being built in Phoenix, Arizona and the developers want you to become an investor.
Watch On Just to be clear, this isn't a hotel built by Atari; rather, a hotel built by external real estate and hospitality firms such as Intersection Development, along with designer räkkhaus. These companies have just licensed the Atari name and, therefore, the venue is retro gaming-themed with a heavy emphasis on esports, nostalgia, and pop culture in general.
Atari Hotels has an admittedly fancy website with all the project details, including the total budget, which is $124 million. So far, $14 million have already been raised, but they're opening the initiative to the public via a Regulation A Tier 2 fundraiser. The developers are gunning for $35-40 million but need at least ~$8.7 million for the offer to keep going. SEC rules, however, say they can accept up to $75 million. Simple math tells you that they'll still need more money beyond that point.
Atari just resurrected its most potent foe in the console wars from 45 years ago, the Intellivision Spirit
Atari 2600+ Pac-Man Edition released at $169
Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
- Macro rates and liquidity can dominate flows
Reference reading
- https://www.tomshardware.com/video-games/retro-gaming/SPONSORED_LINK_URL
- https://www.tomshardware.com/video-games/retro-gaming/you-can-own-a-piece-of-the-first-usd124-million-atari-hotel-in-phoenix-for-as-little-as-usd500-developer-launches-sec-backed-fundraiser-with-construction-set-to-begin-next-year#main
- https://www.tomshardware.com
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Informational only. No financial advice. Do your own research.