Venu Holding Corporation Set to Open Four New Live Entertainment Facilities
16 Diciembre 2024 - 7:36AM
Business Wire
McKinney (Dallas Market) and El Paso, Texas,
Broken Arrow (Tulsa Market) and Oklahoma City, Oklahoma, venues
will result in 80,000 seats across all VENU owned properties.
Venu Holding Corporation ("VENU" or the “Company”) (NYSE
American: VENU), a leading premium hospitality and live
entertainment company built by music fans, for music fans, is set
to open four new entertainment facilities. Driven by a fan-founded
and fan-owned model the new locations will be developed in
McKinney, TX (Dallas market), El Paso, TX, Broken Arrow, OK (Tulsa
market), and Oklahoma City, OK over the next 24 months. When fully
operational, the Company will boast a total inventory of 80,000
seats across five major markets. With six operating properties
currently and plans to expand into up to ten additional major
markets, VENU is creating destinations where world-class music,
fine dining, and exceptional hospitality come together.
Each of VENU’s facilities are projected to host between 40-50
shows annually. With the addition of VENU’s multi-seasonal venues
and strategic configurations, these venues are anticipated to
collectively generate over $750 million in annual revenue, driving
net tangible assets and mark-to-market balance sheet value to
potentially exceed $1 billion within the next six quarters. The
Company’s ticket sales are secured through strategic operating and
booking partnerships (such as AEG Presents for Ford Amphitheater in
Colorado Springs), intended to ensure consistent demand and broad
audience reach for events. Further, each venue drives revenue
through food and beverage sales, parking, and sponsorship
opportunities. The Company expects to announce additional
entertainment complexes soon.
McKinney, Texas (Dallas Market) – Click here to learn
more
- Expected to Open 2026
- Capacity: 20,000 fans
- Estimated Cost of Development: $220,000, 000
- Average Shows Per Year: 40-50
- Luxury Fire Pit Suite Units for Investment: 295
- Aikman Club Memberships: 350
El Paso, Texas – Click here to learn more
- Expected to Open 2026
- Capacity: est. 12,500 fans
- Estimated Cost of Development: est. $105,000,000
- Average Shows Per Year: est. 40-50
- Luxury Fire Pit Suite Units for Investment: est. 202
- Aikman Club Memberships: est. 175
Broken Arrow, Oklahoma (Tulsa Market) – Click here to
learn more
- Expected to Open 2025
- Capacity: 12,500 fans
- Estimated Cost of Development: $93,000,000
- Average Shows Per Year: 40-50
- Luxury Fire Pit Suite Units for Investment: 202
- Aikman Club Memberships: 175
Oklahoma City Market– location in progress. Click here to
learn more
- Capacity: est. 12,500 fans
- Estimated Cost of Development: est. $105,000,000
- Average Shows Per Year: est. 40-50
- Luxury Fire Pit Suite Units for Investment: est. 202
- Aikman Club Memberships: est. 175
- Source: Venu Holding Corporation
About Venu Holding Corporation
Venu Holding Corporation ("VENU") (NYSE American: VENU), founded
by Colorado Springs entrepreneur J.W. Roth, is a premier
hospitality and live music venue developer dedicated to crafting
luxury, experience-driven entertainment destinations. VENU’s
campuses in Colorado Springs, Colorado, and Gainesville, Georgia,
each feature Bourbon Brothers Smokehouse and Tavern, The Hall at
Bourbon Brothers. Unique to Colorado Springs, Notes Eatery, and the
8,000-seat Ford Amphitheater. Expanding with new Sunset
Amphitheaters in Oklahoma and Texas, VENU’s upcoming large-scale
venues will host between 12,500 and 20,000 guests, continuing
VENU’s vision of redefining the live entertainment experience.
VENU has been recognized nationally by The Wall Street Journal,
The New York Times, Denver Post, Billboard, VenuesNow, and Variety
for its innovative and disruptive approach to live entertainment.
Through strategic partnerships with industry leaders such as AEG
Presents, NFL Hall of Famer and Founder of EIGHT Elite Light Lager,
Troy Aikman, VENU continues to shape the future of the
entertainment landscape. For more information, visit venu.live.
Forward Looking Statements
Certain statements in this press release constitute
"forward-looking statements" within the meaning of the federal
securities laws. Words such as "may," "might," "will," "should,"
"believe," "expect," "anticipate," "estimate," "continue,"
"predict," "forecast," "project," "plan," "intend" or similar
expressions, or statements regarding intent, belief, or current
expectations, are forward-looking statements. While the Company
believes these forward-looking statements are reasonable, undue
reliance should not be placed on any such forward-looking
statements, which are based on information available to us on the
date of this release. These forward-looking statements are based
upon current estimates and assumptions and are subject to various
risks and uncertainties, including without limitation those set
forth in the Company's filings with the SEC, not limited to Risk
Factors relating to its business contained therein. Thus, actual
results could be materially different. The Company expressly
disclaims any obligation to update or alter statements whether as a
result of new information, future events or otherwise, except as
required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20241216590242/en/
For media requests, connect with Chloe Hoeft
at choeft@venu.live or 719-895-5470
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