PopStroke opens its first Orlando location in downtown Waterford Lakes
Columbus, Ohio – (BUSINESS WIRE) – Washington Prime Group Inc. (NYSE: WPG) announced today that PopStroke, a family-oriented high-tech putting and entertainment experience, opens at Waterford Lakes Town Center in Orlando, Florida in late 2021. PopStroke is owned by Tiger Woods and Greg Bartoli. The courses were designed by Tiger Woods and TGR Design.
Construction work on two 18-hole courses is expected to begin this month. PopStroke will also have a restaurant and bar serving food, soft drinks, cocktails, wine, craft beer and ice cream that can be enjoyed in the restaurant or ordered through the PopStroke app for delivery to the golf course. There is an outdoor beer garden with outdoor games including table tennis and cornhole, as well as a dedicated function room that offers ample space for groups to host events.
“We’re excited to open a PopStroke location in Orlando and bring our unique putting and entertainment experience to the country’s largest tourism market,” said Greg Bartoli, PopStroke founder. “PopStroke is about bringing friends and family together in a dynamic, fun and interactive environment. Waterford Lakes is the perfect place to do just that. We are equally excited to partner with Washington Prime as we continue our rapid expansion across Florida and beyond. ”
With two current locations in Port St. Lucie and Fort Myers, Florida, and planned locations in Orlando, Sarasota, Tampa, Delray Beach, Houston, Glendale, and Scottsdale, PopStroke offers a combination of golf, technology, food, family fun, and events.
Waterford Lakes Town Center is Orlando’s premier outdoor lifestyle center, with easy access to national retailers, local shops and a variety of restaurants. Entertainment is abundant and guests can stroll through more than 5 acres of lakes, fountains, and park-like surroundings.
About the PopStroke Entertainment Group
PopStroke is an experimental golf and casual dining concept that combines a dynamic, technologically advanced, competitive golf environment with food and drink. PopStroke is headquartered in Jupiter, Florida and has a dedicated team of seasoned food, beverage and hospitality professionals. PopStroke has an extensive selection of craft beer, wine, ice cream and food in each location, providing an interactive and competitive golfing experience for all players. The company was founded in 2018 by Greg Bartoli and is jointly owned by Tiger Woods with courses designed by TGR Design. Learn more at www.popstroke.com.
About the Washington Prime Group
Washington Prime Group Inc. is a retail REIT and a recognized leader in the ownership, management, acquisition and development of retail real estate. The company combines a national real estate portfolio with expertise across the shopping center sector to increase cash flow through rigorous asset management and open up new opportunities for retailers looking to grow across the United States. Washington Prime Group® is a registered trademark of the company. Learn more at www.washingtonprime.com.
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the current expectations and beliefs of Washington Prime Group Inc. (“WPG”) management with respect to the proposed transactions and the anticipated consequences and benefits the Transactions and the target closing date for the Transactions, as well as other future events and their potential impact on WPG, including, but not limited to, statements regarding expected financial and operational results, the Company’s plans, goals, expectations and intentions, cost savings and other statements, including words such as “anticipate,” “believe,” “confident,” “plan,” “estimate,” “expect,” “intend,” “will,” “should,” “can,” and other similar expressions. Such statements are based on the current beliefs and expectations of WPG management and involve known and unknown risks, uncertainties and other factors that could cause the actual results, performance or success of WPG to differ materially from future results, performance or success or implied by such forward-looking statements. Such factors include, without limitation; The company has determined that it has significant doubts about its ability to continue as a going concern. There is no guarantee that the Company will be able to reach an agreement in principle on any reorganization, adhere to the terms of any such agreement, or successfully complete any reorganization contemplated therein, placing significant doubts on WPG’s ability to continue as a going concern lets arise. The Company may seek protection from a bankruptcy court that could expose it to the risks and uncertainties associated with bankruptcy and harm the Company’s business and expose its shareholders to a significant risk of losing all of their investment in the Company. The company’s limited liquidity could materially and adversely affect its operations. Changes in asset quality and credit risk; Ability to maintain sales and earnings growth; Changes in political, economic or market conditions in general and in real estate and capital markets in particular; the effects of increased competition; the availability of capital and funding; Bankruptcies of tenants or joint venture partners; failure to increase store occupancy and operating profit for the same store; Risks in connection with the acquisition, sale, (new) development, expansion, leasing and management of real estate; Changes in market rental rates; Retail trends; Relationships with anchor tenants; Joint venture real estate risks; Costs for the maintenance of the common room; competitive market forces; the level and volatility of interest rates; the income rate increases compared to increases in expenditure; the financial stability of retail tenants; the limitations of, or failure to adhere to, current funding agreements; the liquidity of real estate investments; the effects of changes in tax legislation and the tax positions of WPG; Losses related to closures, outages and disruptions related to the spread and spread of the coronavirus (COVID-19) pandemic; qualify as a real estate investment fund; failure to refinance debt on favorable terms; Loss of key personnel; material changes in dividend rates on securities or in the ability to pay dividends on common stocks or other securities; possible limitations on the ability to operate or sell partially owned real estate; failure to obtain income / funds from operational objectives or estimates; failure to achieve projected returns or returns on (new) development and investment property (including joint ventures); expected profits from debt relief; Changes in generally accepted accounting principles or their interpretations; terrorist activities and international hostilities; the unfavorable resolution of judicial or regulatory proceedings; the impact of future acquisitions and disposals; Assets that may be subject to impairment charges; significant costs related to environmental problems; Changes in LIBOR reporting practices or the method used to determine LIBOR; and other risks and uncertainties, including those set out from time to time in WPG’s filings and periodic reports with the Securities and Exchange Commission, including those described under “Risk Factors”. The forward-looking statements in this release are qualified by these risk factors. Any statement speaks only as of the date of this press release, and WPG assumes no obligation to update or revise any forward-looking statements to reflect new information, subsequent events or circumstances. Actual results could differ materially from current projections, expectations and plans, if any. Investors, prospective investors and others should carefully consider these risks and uncertainties.