Drive Shack Inc. 9.75% Perpetual Preferred Stock Series B (DSHKP)

Overview

Drive Shack Inc. is a company that specializes in golf-related leisure and entertainment venues and courses across the United States. With operations spanning through two primary segments—Entertainment Golf and Traditional Golf Properties—the company offers a diverse array of golf-centric experiences. The transition from its former identity, Newcastle Investment Corp., to Drive Shack Inc. in December 2016, marked a significant pivot towards a focused engagement in the golf entertainment industry. Since its incorporation in 2002 and with its headquarters based in Dallas, Texas, Drive Shack Inc. has been dedicated to providing innovative golf experiences combined with leisure entertainment.

Products and Services

Drive Shack Inc. delivers its services through two main segments, each catering to different aspects of golf entertainment and management:

• Entertainment Golf Venues

  This segment offers a unique blend of golfing entertainment with high-tech gaming and golf technology. Drive Shack's venues are designed to offer an engaging and social atmosphere featuring chef-inspired menus, craft cocktails, and a host of social events. Additionally, under this segment, Drive Shack operates Puttery, an innovative brand focusing on indoor entertainment golf. This brand combines the traditional aspects of golf with modern, upscale amenities and social engagement opportunities, appealing to both avid golfers and newcomers looking for an entertaining experience.

• Traditional Golf Properties

  Under this segment, Drive Shack Inc. manages a portfolio of golf courses and country clubs. This includes operating, leasing, and managing these properties to offer traditional golf experiences. The Traditional Golf Properties segment is focused on providing a more conventional golfing experience, emphasizing the sport's classic elements, accessibility, and community engagement through well-managed courses and country clubs. This segment caters to the traditional golf enthusiast looking for quality playtime on the green.