VENU’s Nationwide Real Estate Portfolio Appraised at $1.24 Billion

Key Terms

public-private partnerships financial

Public-private partnerships are collaborative agreements between government entities and private companies to jointly fund, build, or operate projects that serve the public interest, such as infrastructure, transportation, or healthcare facilities. These arrangements allow both sectors to share resources, risks, and benefits, often leading to more efficient or innovative solutions. For investors, such partnerships can create opportunities in stable, long-term projects with potential for consistent returns.

sale-leaseback transaction financial

A sale-leaseback transaction is when a company sells an asset it owns—often real estate or equipment—to a buyer and immediately rents the same asset back so it can keep using it. It matters to investors because it converts a fixed asset into cash while creating a new ongoing rental expense, which can boost short-term liquidity but also change long-term cash flow and debt metrics; think of selling your house and signing a lease to stay as a tenant.

gaap regulatory

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

capitalization rates financial

Capitalization rates, often called cap rates, measure the annual income a property or income-generating asset produces as a percentage of its purchase price; think of it like the interest rate you’d earn on a real asset. Investors use cap rates to compare value and risk—higher cap rates imply higher expected return or greater risk, while lower cap rates suggest lower return or a pricier, safer asset—so they help decide whether a price is fair.

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)-- Venu Holding Corporation ("VENU" or the "Company") (NYSE American: VENU), owner, operator, and developer of premium entertainment and hospitality destinations, has completed a comprehensive nationwide review of its real estate portfolio, resulting in a third-party appraised value of $1.24 billion.

VENU's Ford Amphitheater in Colorado Springs, CO

“As we continue to build VENU, we remain focused on creating a company with a strong and transparent asset foundation,” said J.W. Roth, Founder, Chairman, and CEO of VENU. “We are in the rapid growth phase, and the completion of the independent, third-party appraisal gives us a clear, market-based view of the value of our growing portfolio and the discipline behind our growth strategy. This milestone reinforces the intrinsic value of our completed projects and in process developments, a business grounded in tangible assets, measured expansion, and thoughtful capital deployment. We appreciate the trust of our stakeholders and remain committed to executing with consistency and accountability as we continue to scale nationwide.”

VENU’s appraised real estate portfolio spans operating, in-development, and planned entertainment and hospitality venues across multiple high-growth markets. Apart from its Colorado-based assets, to-date these projects have been developed through public-private partnerships with their respective municipalities, utilizing a combination of land contributions, tax incentives, and capital support tailored to each agreement.

The appraisals encompass large-scale, multi-season amphitheaters under development in Broken Arrow, Oklahoma (Tulsa market); El Paso, Texas; and McKinney, Texas (Dallas market), and a premium amphitheater in Webster, Texas (Houston market), where VENU has executed a letter of intent to acquire a parcel and is moving forward with development of the Sunset Amphitheater Houston. In addition, the appraisals include the properties where VENU operates an established premium entertainment campus in Gainesville, Georgia, featuring The Hall at Bourbon Brothers and Bourbon Brothers Smokehouse & Tavern.

In Colorado, the appraised portfolio includes a recently announced property acquisition for the development of a premium indoor entertainment and hospitality venue, marking the first VENU concept to introduce its signature Luxe FireSuites within an enclosed setting. This project is anticipated to further strengthen the Company’s Colorado footprint, when combined with VENU’s flagship campus in Colorado Springs which includes Bourbon Brothers Smokehouse & Tavern, Phil Long Music Hall, Roth’s Sea & Steak, Brohan’s, and the Pollstar-nominated Ford Amphitheater.

The appraisals, conducted by independent third-party appraisers, evaluated both operating and in-development assets across the Company’s current and in progress portfolio. For the in-development and in progress projects, the appraised values are, in each case, reported on an as-completed basis. Appraisals were performed using established commercial real estate valuation methodologies, including cost, income, and comparable sales approaches. Final values were determined through a reconciliation of these methods, providing a market-based assessment rather than a valuation derived solely from historical cost. The total appraised value of the Company’s properties reported in this press release includes a 5.5-acre parking lot adjacent to the Ford Amphitheater in Colorado Springs that was later sold through a sale-leaseback transaction in November 2025 for $14 million. At the time of the original appraisal, that parcel was valued at $9.2 million.

It is important to understand that the appraisal of all of these properties takes into account, among other factors, the valuation of the Company’s real estate and developments at a specific point in time for each property. Appraised value is subject to (and likely to) change at any time, whether it increases or decreases, and such changes could be caused by macro and micro factors over which we have no control. The appraisal of each property is only an estimate of its value as to the date of the appraisal and based only on the specific appraisal methodologies and should not be relied upon as a measure of its realized value or the value at which any property, as developed and operating, could be sold to a third party. Other appraisal methodologies may yield materially different appraised value. Furthermore, the appraised value of each property differs from the values assigned to it under generally accepted accounting principles in the United Stated (“GAAP”), which require the values of the properties to be valued at their cost basis for financial presentation purposes, and therefore the appraised values represent an unaudited measure that may not represent fair value, as defined under GAAP, and such values and appraisals are not, and will not be, subject to audit or other review procedures by our outside independent accountants.

The opinions expressed in the appraisal are based on estimates and forecasts that are prospective in nature and subject to certain risks and uncertainties. Events may occur that could cause the performance of each property to materially differ from the estimates utilized by the appraiser, such as changes in the economy, interest rates, the ability of the Company to compete those projects that are under development or expected to be under development, capitalization rates, the financial strength of the live-music and entertainment industries, and the behavior of event attendees, investors, lenders, and municipalities. The Company reviews each appraisal of these properties to confirm that the information provided to the appraiser is accurately reflected in the appraisal, but it does not validate the methodologies, inputs, and professional judgment utilized by the certified appraiser.

About Venu Holding Corporation

Venu Holding Corporation ("VENU") (NYSE American: VENU) is a premier owner, developer, and operator of luxury, experience-driven entertainment destinations. Founded by Colorado Springs entrepreneur J.W. Roth, VENU has a portfolio of premium brands that includes Ford Amphitheater, Sunset Amphitheaters, Phil Long Music Hall, The Hall at Bourbon Brothers, Bourbon Brothers Smokehouse and Tavern, Aikman Owners Clubs, and Roth’s Sea & Steak. With venues operating and in development across Colorado, Georgia, Oklahoma, and Texas and a nationwide expansion underway, VENU is setting a new standard for live entertainment.

VENU has been recognized nationally by The Wall Street Journal, The New York Times, 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 Beer, Troy Aikman, Billboard, Aramark Sports + Entertainment, Tixr, Boston Common Golf, Niall Horan, and Dierks Bentley, VENU continues to shape the future of the entertainment landscape. For more information, visit VENU’s website, Instagram, LinkedIn, or X.

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 Venu 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. Venu 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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VENU Media and Investor Relations

Chloe Polhamus, cpolhamus@venu.live

Source: Venu Holding Corporation