Find Diners, Drive-ins and Dives restaurant locations by State, City or Address. Built by Rick & Jennifer who are HUGE fans of Guy Fieri & his TV Show Diners, Drive-ins and Dives. Skrimp piled high on authentic baked in New Orleans French Bread with. is a leading owner and operator of golf-related leisure and entertainment businesses. New Orleans, LA 70115email protected Keep track of all Diners, Drive-ins and Dives youve been to and find them easily with our interactive map. Order Shack Pack online from Skrimp Shack Suffolk (College Drive). I look forward to sharing more details on our upcoming third quarter earnings call in early November.”ĭrive Shack Inc. This is a key milestone in our long-term strategic financial plan focused on providing capital to fund a path to operating 50+ Puttery venues by the end of 2024. Proceeds from this sale, coupled with ongoing measures currently in place, provides capital to fund these commitments and navigate the current environment. Khouri added, “Our plan to successfully launch The Puttery and open our New Orleans Drive Shack venue remains on track for 2021. Sale proceeds to be used to finance next phase of strategic growth plan, including Drive Shack New Orleans and the launch of The Puttery in 2021. “We will work strategically with the new ownership group to ensure the continued success of the golf course, including Rancho San Joaquin’s robust Players Club membership.” “The sale of our Rancho golf property is an important milestone as we near the completion of our asset monetization strategy of our owned courses, while optimizing and growing our leased and managed courses,” said Chief Executive Officer, Hana Khouri. 2020, we believe we will open one new core Drive Shack venue in New Orleans, LA and intend to continue expanding our. Proceeds from the sale will be used to finance the next phase of the Company’s strategic growth plan, including Drive Shack New Orleans and the launch of The Puttery Dallas in 2021, as well as for general corporate purposes. American Golf, a subsidiary of Drive Shack Inc., will continue to operate the facility under a management agreement.Īt closing, the Company received net proceeds of approximately $33.6 million in cash, which included the purchase price of $34.5 million less transaction costs and adjustments to the sale price for working capital of approximately $0.9 million. (NYSE: DS), a leading owner and operator of golf-related leisure and entertainment businesses, announced the sale of its Rancho San Joaquin golf course, located in Irvine, California, to a private investment group. NEW YORK-( BUSINESS WIRE)- Drive Shack Inc.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |