VICI Properties, Inc. and ClubCorp Holdings, Inc. have entered into a strategic arrangement to grow BigShots Orion, LLC to support the opening of five new BigShots Golf facilities in the U.S.
VICI Properties could provide up to $80.0 million of mortgage financing for the construction of the facilities.
John Payne, president and chief operating officer, VICI Properties, said, “We are excited to partner with ClubCorp, the leading operator of private golf and country clubs in the United States, to help grow their BigShots Golf business. ClubCorp’s proven experience creating dynamic member and guest experiences throughout their country club, city and stadium club locations is highly complementary to the BigShots Golf platform and we’re thrilled to serve as a financing partner. This arrangement enables VICI to continue expanding into attractive experiential sectors and new geographic markets in a prudent manner while securing additional long-term growth opportunities for VICI.”
“We are ecstatic to partner with VICI and expand the BigShots Golf brand to new markets across the country,” said ClubCorp CEO David Pillsbury. “The golf entertainment industry continues to rapidly grow in popularity as people discover the magic of golf in a fun, non-intimidating environment. BigShots Golf is leading the way with new innovative technology, elevated dining and fun for the whole family. Our partnership with VICI will allow us to continue pursuing new market opportunities and bring the BigShots Golf experience to more communities.”
Photo courtesy BigShots Golf
