Drive Shack Inc - DSHK stock
Description[edit]
Drive Shack Inc. is a company based in Dallas, Texas, that owns and operates golf-related leisure and entertainment venues across various states, divided into three segments: Entertainment Golf Venues, Traditional Golf Properties, and Corporate; the Entertainment Golf Venues segment offers golf-related leisure and entertainment experiences with gaming and golf technology, chef-inspired menus, craft cocktails, social events, and an indoor socializing and entertainment platform called Puttery, while the Traditional Golf Properties segment operates golf courses and country clubs in the United States; the company was previously known as Newcastle Investment Corp. and changed its name to Drive Shack Inc. in December 2016, and it was founded in 2002.[1]
History[edit]
Drive Shack Inc. has an interesting origin tied to its previous identity as Newcastle Investment Corp. The company's history began in 2002 when it was founded as Newcastle Investment Corp., with a focus on investing in real estate assets, particularly in the hospitality and golf sectors. Initially, the company primarily engaged in real estate investments, including properties such as hotels and resorts.[2]
However, in December 2016, Newcastle Investment Corp. underwent a transformation and rebranding. The company decided to shift its strategic direction and focus on the golf and leisure entertainment industry. As a part of this change, the company changed its name to Drive Shack Inc. With this new identity, Drive Shack Inc. made its mark as a company that owns and operates golf-related leisure and entertainment venues. These venues offer a unique combination of golf experiences, social events, and entertainment options, incorporating innovative golf technology, chef-inspired menus, craft cocktails, and gaming elements. They cater to both golf enthusiasts and individuals looking for a fun and socializing experience.[3]
Over the years, Drive Shack Inc. expanded its portfolio of golf-related venues, including Puttery, an indoor entertainment platform that offers a unique and social experience combining golf, food, and fun in an immersive setting. Today, Drive Shack Inc. continues to be a significant player in the golf and leisure entertainment industry, operating multiple venues across various states in the United States. Its headquarters are located in Dallas, Texas.[4]
- ↑ Yahoo Finance. DSHK Stock Profile. Retrieved on 9/16/2023.
- ↑ Reuters. BRIEF-Newcastle announces name change to Drive Shack Inc. December 7, 2016.
- ↑ Businesswire. Newcastle Decides to Change REIT Status Beginning in 2017 and Announces Name Change to Drive Shack Inc. to Facilitate Transformation to a Leisure Company. December 7, 2016.
- ↑ irdriveshack.com. SEC Filings - Form 10-Q. For the quarterly period ended September 30, 2014
