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Venu Expects To Close The First Sale-Leaseback Of A Property In Colorado Springs, Colorado, In Early November 2025; The Sales Price Will Be $14M, Of Which $8M Will Be Paid In Cash And The Balance Of $6M Will Be Paid In Shares Of Venu Common Stock

Benzinga·10/28/2025 15:03:29
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Venu Holding Corporation ("VENU" or the "Company") (NYSE:VENU), the visionary owner, operator and builder of upscale live music venues and premium hospitality destinations, announced today that it is expected to close the first sale-leaseback of a property in Colorado Springs, Colorado, in early November 2025. The 5.5-acre property subject to the expected sale-leaseback is home to the primary parking structure at the Company's Pollstar-nominated Ford Amphitheater and was purchased and improved by VENU during its fiscal 2023 and 2024 years, at a cost totaling approximately $7.7 million. The sales price will be $14 million, of which $8 million will be paid in cash and the balance of $6 million will be paid in shares of VENU common stock, currently held by the buyer, calculated by using the seven-day closing average price of VENU's common stock prior to the closing date.

VENU intends to retire the shares into treasury, thereby reducing the Company's total outstanding shares. The Company intends to use the proceeds from the sale for construction of its upcoming amphitheaters in Oklahoma and Texas. The buyer is expected to receive an approximate 7.5% capitalization rate on the investment. The Company has negotiated a one-time right to re-purchase the property from the buyer within the first three years of the sale at the appraised value of the property.

"This transaction and the initial result of the independent appraisal of our Colorado Springs Campus reinforce what we have long believed about the strength of our business model, which is that our real estate portfolio may hold value not fully reflected in our GAAP financial statements, which captures the portfolio at our cost basis but does not reflect any appreciation that may be created through the entitlement, development, and improvement of our properties. Our ability to unlock and monetize that value demonstrates both the quality of our assets and the discipline of our strategy. With VENU having hundreds of millions in unlevered real estate currently on our balance sheet, we believe we are well positioned to create significant liquidity to fund our current and future amphitheater development," said J.W. Roth, Founder, Chairman, and CEO of VENU.

VENU's Innovative Business Model Drives Strong, Sustainable Growth

VENU is powered by an innovative financing model that leverages fractional ownership, public–private partnerships, and sale–leaseback structures to create capital-efficient expansion across underserved markets. This approach allows the Company to reduce debt, accelerate development timelines, and retain valuable real estate assets while generating meaningful value through diversified revenue channels including sponsorships, ticketing, premium hospitality, and its signature Luxe FireSuites program. VENU's model is transforming the economics of live entertainment, setting a new national standard for fan-first experience-driven growth.