![]() ![]() We are gaining clear proof of concept with our Puttery brand, and we are confident it presents the best path-forward for growth and profitability for the foreseeable future.” Puttery Houston is planned to open next month and Chicago will follow shortly thereafter. Our newest Puttery opened on June 21st in Washington D.C.’s Penn Quarter and while they are still in their initial stages of operations, their key metrics are aligning closely to those in The Colony and Charlotte. Khouri continued, “Puttery delivered another quarter of great results, with walk-in revenue trending well ahead of our expectations. We have seen the demand for future events across both the corporate and social categories continue to rise, which will translate into strong revenue results in the back half of this year.” “Event revenue was up significantly this quarter at over $10 million higher than last year’s second quarter. We have a solid foundation in our core businesses with our Drive Shack venues and American Golf courses and each continues to deliver exceptional results,” said Drive Shack Inc.’s President and Chief Executive Officer Hana Khouri. “Our sales results this quarter reflect the strong momentum we continue to see across our entire brand portfolio. (the “Company”) (NYSE: DS), a leading owner and operator of golf-related leisure and entertainment businesses, today reported its financial results for the three and six months ended June 30, 2022. Puttery Venues Delivered Total Revenue of $4.5 Million in Second Quarter 2022ĭrive Shack Inc. Today, our portfolio consists of American Golf, Drive Shack and Puttery.Second Quarter 2022 Total Company Revenue of $87 Million, Up 17% Compared to Second Quarter 2021 Led by Increased Event Sales and New Puttery VenuesĪmerican Golf Event Revenue up 311% and Drive Shack Event Revenue Up 106% Compared to Second Quarter 2021 (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. 14th St., between the Diane von Furstenberg store and the 14th Street entrance to the High Line. Puttery New York City will be located at 446 W. Miami Houston Philadelphia Chicago and Pittsburgh. Other Puttery venues currently under development include Washington, D.C. Puttery is currently open in The Colony, Texas, and Charlotte, N.C. ![]() By bringing something fresh and unexpected to the area, we are excited to maintain our momentum as one of the top innovators in golf-related leisure and entertainment businesses.”Ī modern spin on putting, Puttery combines a lively atmosphere with innovative scoring technology and themed courses for an immersive guest experience. “New York City is synonymous with innovation, which is at the center of our company’s DNA. President and Chief Executive Officer Hana Khouri said. “As one of the trendiest, nightlife-driven areas in the city, we are thrilled to bring Puttery to Manhattan's iconic Meatpacking District,” Drive Shack Inc. Additionally, guests will be able to enjoy a chef-driven menu alongside expertly curated craft cocktails. The largest Puttery yet, this 26,600-square-foot venue will span multiple levels featuring uniquely themed courses, a rooftop lounge area and several bars throughout. As one of Manhattans’ trendiest hubs for nightlife, food and fashion, the Meatpacking District is the perfect complement to the Puttery experience. ![]() It’s also home to the first stretch of the world-famous High Line, a 1.45-mile linear park built atop a former rail line. Renowned for its dynamic, 24-hour atmosphere, the Meatpacking District borders Chelsea to the north and the West Village to the south. (the “Company”) (NYSE:DS), a leading owner and operator of golf-related leisure and entertainment businesses, today announced plans to bring Puttery, its newest competitive socializing experience, to New York City’s Meatpacking District. DALLAS-( BUSINESS WIRE)- Drive Shack Inc.
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