Drive Shack to Reopen Orlando Venue on December 18th
December 14 2020 - 6:53AM
Business Wire
Reopening Strategy Includes Enhanced
Partnership with Local Developer and Businesses to Further
Integrate into the Community
Drive Shack Inc. (the “Company”) (NYSE: DS), a leading owner and
operator of golf-related leisure and entertainment businesses,
today announced that it will reopen its 65,000-square-foot
entertainment golf venue located in Orlando on December 18,
2020.
“We are pleased to announce the reopening of our Orlando Drive
Shack venue and look forward to safely welcome guests back this
week,” said President and Chief Executive Officer, Hana Khouri.
“Our teams worked diligently to develop a reopening strategy for
Orlando, which focuses on new initiatives that will increase brand
awareness and visits to the venue. Our plan also includes an array
of revenue-driving promotions and events, including live music
featuring local artists, special event packages for businesses, and
a new gameplay pass geared towards residents. We have also
partnered with the developer of the master-planned Lake Nona city
surrounding our venue, as well as other local businesses, to
further integrate with the community, which we know will be key to
our success in Orlando.”
Khouri continued, “We’ve seen a resurgence in demand since
reopening our other entertainment golf venues. Creating innovative
ways to drive traffic into all our venues, while providing a safe
space for guests to connect and socialize, remains a top priority.
We are confident the Orlando venue will benefit from the
initiatives we have already put into motion at our other Drive
Shack locations.”
The Company’s top priority remains to protect the health and
safety of its employees and guests while providing a fun and
comfortable setting for guests to socialize and engage in physical
activity. All four Drive Shack venues will continue to operate with
restrictive and precautionary measures in place, including enhanced
cleaning and sanitization protocols, capacity limitations in
suite-style hitting bays, social distancing measures and certain
restrictions on bar and dining services. The company continues
taking the necessary precautions to adhere to local rules, which
include restricting large group gatherings.
The Company’s Orlando Drive Shack venue is located at 7285
Corner Drive, Orlando, FL 32827 and is open Monday through Thursday
from 3:00 p.m. to 11:00 p.m. and Friday through Sunday from 12 p.m.
to 11 p.m. For more information visit driveshack.com. Get social on
Facebook at @DriveShackOrlando, Instagram at @driveshack, and
Twitter at @driveshack.
About Drive Shack
Drive Shack Inc. is a leading owner and operator of golf-related
leisure and entertainment businesses.
Forward-Looking Statements
Certain statements regarding Drive Shack Inc. (together with its
subsidiaries, “Drive Shack”, “we” or “us”) in this release may
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. You can identify
these forward-looking statements by the use of forward-looking
words such as “outlook,” “believes,” “expects,” “by”, “approaches”,
“nearly”, “potential”, “continues”, “may”, “will”, “should”,
“could”, “seeks”, “approximately”, “predicts”, “intends”, “plans”,
“estimates”, “anticipates”, “target”, “goal”, “projects”,
“contemplates” or the negative version of those words or other
comparable words. Any forward-looking statements contained in this
release, including statements regarding the expected development
schedule and timing of specific milestones for our facilities,
including The Puttery and Drive Shack venues, our expected and the
remaining cost for our development projects (both individually and
in the aggregate), the expected capabilities of our development
projects once completed, our intentions to make use of capital or
free cash flow and our future financial position and liquidity are
based upon our limited historical performance and on our current
plans, estimates and expectations in light of information
(including industry data) currently available to us. The inclusion
of this forward-looking information should not be regarded as a
representation by the Company or any other person that the future
plans, estimates or expectations contemplated by us will be
achieved. These statements are subject to a number of factors that
could cause actual results to differ materially from those
described in the forward-looking statements, many of which are
beyond our control. We can give no assurance that its expectations
regarding any forward-looking statements will be attained.
Accordingly, you should not place undue reliance on any
forward-looking statements made in this release. Factors that could
cause or contribute to such differences include, but are not
limited to, the risk that our construction schedules will take
longer than we expect, that our expectations about the consumer
demand for our product will not prove accurate, that our operating
or other costs will increase or our expected remaining costs for
development projects underway increases. Such forward-looking
statements speak only as of the date of this release. We expressly
disclaim any obligation to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company's expectations with regard
thereto or change in events, conditions or circumstances on which
any statement is based.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201214005277/en/
Investor Relations Inquiries: Kelley Buchhorn, Head of
Investor Relations 646-585-5591 ir@driveshack.com
Drive Shack (NYSE:DS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Drive Shack (NYSE:DS)
Historical Stock Chart
From Jul 2023 to Jul 2024