The appeal of Puttery Venues is they are less expensive to create, and management believes they will generate very attractive returns on investment. Guests will enjoy indoor mini golf through auto-scoring technology that presents digital scores in real time.Įach location will feature a series of tech-enabled miniature golf courses anchored by bars and other social spaces and exceptional food and beverage offerings that will serve to create engaging and fun experiences for guests. The Puttery is a modern take on mini golf. Drive Shack will initially open two Puttery Venues this summer (in Dallas, Texas and Charlotte, North Carolina). The Puttery is the company’s new business focus. Its Drive Shack location in New Orleans is currently on hold. The company expects to open another Drive Shack Venue on Randall Island in Manhattan in 2022. Each Drive Shack Venue features expansive, climate-controlled, suite style bays with lounge seating augmented-reality golf games and virtual course play a restaurant and multiple bars an outdoor patio with lawn games and arcade games.Ĭurrently, the company has four Drive Shack locations that were launched in 20. More from Richard Howe: Top Picks 2021: ChampionX (CHX)ĭrive Shacks are a modern take on driving ranges. In recent years, Drive Shack’s business plan has been to sell off its golf course ownership to free up capital to invest into its Entertainment Golf segment which segment consists of Drive Shacks and Puttery Venues. Given substantial recent cost cuts, operating leverage should drive earnings growth in 2021 and beyond. Head of Brand Marketing and Drive Shack Inc.Drive Shack ( DS) is my newest recommendation its traditional and entertainment golf businesses are set to boom in 2021, asserts Richard Howe, editor of Cabot Micro-Cap Insider. View source version on : ĭrive Shack Inc, Head of Investor Relations and Relations:ĭrive Shack Inc. Today, our portfolio consists of American Golf, Drive Shack and Puttery. (NYSE:DS) is a leading owner and operator of golf-related leisure and entertainment businesses focused on bringing people together through competitive socializing. With a high-energy atmosphere that combines plentiful curated culinary offerings and inventive craft cocktails centered around a lively bar area with great music, guests can relax and enjoy their evening before, during and after their tee time.ĭrive Shack Inc. Puttery is a modern spin on putting, re-defining the game within an immersive experience and innovative technology as guests move from one course to the next. Puttery Kansas City will be located at 4641 Jefferson Street. Other Puttery venues currently under development include Washington, D.C., Miami, Houston, Philadelphia, Chicago, Pittsburgh, and New York. Puttery is currently open in The Colony, Texas, and Charlotte, N.C. “Puttery Kansas City will provide locals and visitors alike with a perfect environment for competitive socializing and a nightlife destination that plays into the city's love for the game."Ī modern spin on putting, Puttery combines a lively atmosphere with innovative scoring technology and themed courses for an immersive guest experience. President and Chief Executive Officer Hana Khouri said. “Kansas City’s consistent stream of tourism and avid sports fans coupled with its rapidly growing roster of corporate headquarters make it the ideal spot for our 10th Puttery venue,” Drive Shack Inc. The space will feature uniquely themed nine-hole courses as well as numerous bars and lounge areas for guests to indulge in curated craft cocktails and chef-inspired menu items. The 23,600-square-foot venue will occupy the lower levels of the Jack Henry building and sit adjacent to the Kansas City Chiefs Fitness Center. Considered a local hot spot for date nights, happy hours, and corporate outings, Puttery is a fitting addition to The Plaza’s thriving scene. The venue will be located in Country Club Plaza, Kansas City's premier retail destination featuring 15 blocks of Spanish-inspired architecture, designer shops, popular restaurants, scenic fountains, and horse-drawn carriage rides. (the “Company”) (NYSE:DS), a leading owner and operator of golf-related leisure and entertainment businesses, today announced it will bring Puttery, its newest competitive socializing experience, to Kansas City, Mo. Puttery’s nationwide expansion continues with its 10 th venue located in Country Club Plaza, Kansas City's premier retail destination.ĭrive Shack Inc.
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