Drive Shack Inc. Announces Second Pennsylvania Venue as Puttery Heads to Steel City

Rhea-AI Summary

Drive Shack Inc. (NYSE:DS) announces the opening of a new Puttery venue in Pittsburgh, marking its eighth location in a rapid nationwide expansion. Located in the Strip District, this 19,000-square-foot establishment will feature three themed nine-hole courses, bar areas, and a chef-driven menu. Designed to cater to modern entertainment demands, Puttery Pittsburgh aims to complement the area's vibrant culture and dynamic workforce. Other locations in development include Washington, D.C., Miami, and Chicago.

Positive

• Launch of Puttery in Pittsburgh enhances brand presence and visibility.
• Expansion into a high-traffic area with potential customer base.
• Puttery concept combines food, drink, and entertainment, appealing to a diverse audience.

Negative

• None.

Pittsburgh cements its place as the eighth location, continuing the company’s rapid, nationwide expansion

DALLAS--(BUSINESS WIRE)-- Drive Shack Inc. (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 Pittsburgh’s popular Strip District.

Famous for its historic mills, converted foundries and eclectic marketplaces, this half-mile district, known locally as "The Strip," has grown into a foodie haven and top destination for those seeking an intersection of old-world charm and new-world innovation. With several Fortune 500 companies headquartered nearby, Puttery will anchor The Vision on Fifteenth, an eight-story, mixed-use building featuring 275,000-square-feet of commercial, research and retail space.

“Pittsburgh is nationally known for its energetic sports culture, so it was only a matter of time before we brought Puttery to the City of Champions,” Drive Shack Inc. President and Chief Executive Officer Hana Khouri said. “As a city also rich with innovation, cultural attractions and diverse culinary cuisine, the Puttery experience is a natural complement to the vibrant Strip District neighborhood.”

Spanning two levels, this 19,000-square-foot venue will feature three uniquely themed, nine-hole courses and several bar and lounge areas. Guests will also be able to indulge in a chef-driven menu alongside expertly curated craft cocktails. Additionally, Puttery Pittsburgh will feature breathtaking views of the city.

"The modern workforce demands a new, experiential workplace loaded with amenities and entertainment options,” said Jim Scalo, CEO, Burns Scalo Real Estate. "Adding a dynamic entertainment venue like Puttery to the office component of The Vision on Fifteenth is an unrivaled amenity for anything currently in the market. It's a game-changer."

A modern spin on putting, Puttery combines a lively atmosphere with innovative scoring technology and themed courses for an immersive guest experience. Puttery is currently open in The Colony, Texas, and Charlotte, N.C. Other Puttery venues currently under development include Washington, D.C., Miami, Houston, Philadelphia, and Chicago.

Puttery Pittsburgh will be located at 116 15th St., just one block from the riverfront.

About Puttery

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. 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.

About Drive Shack Inc.

Drive Shack Inc. (NYSE:DS) is a leading owner and operator of golf-related leisure and entertainment businesses focused on bringing people together through competitive socializing. Today, our portfolio consists of American Golf, Drive Shack and Puttery.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220222005562/en/

Investor Relations:

Kelley Buchhorn

Drive Shack Inc, Head of Investor Relations and Treasury

646-585-5591

ir@driveshack.com

Media Relations:

Morgan Schaaf

Drive Shack Inc. Head of Brand Marketing and Communications

469-283-2760

media@driveshack.com

Source: Drive Shack Inc.

FAQ

What is the latest news about Drive Shack Inc. (DS)?

Drive Shack Inc. announced the opening of a new Puttery venue in Pittsburgh.

Where is the new Puttery location by Drive Shack Inc. (DS) situated?

The new Puttery location is in the Strip District of Pittsburgh.

How many Puttery locations does Drive Shack Inc. (DS) have?

This will be the eighth Puttery location, with others in development.

What is Puttery by Drive Shack Inc. (DS)?

Puttery is a modern entertainment venue combining golf with food and drinks.

When is the Puttery Pittsburgh expected to open?

The press release does not specify an opening date for Puttery Pittsburgh.