Advos

Golden Triangle Ventures' 'Destino Ranch' Poised to Redefine Entertainment and Hospitality

June 18th, 2024 10:00 AM
By: Advos Staff Reporter

Golden Triangle Ventures, Inc. (GTVH) has acquired prime land in Arizona to develop 'Destino Ranch,' a multifaceted destination center aimed at redefining entertainment and hospitality. This strategic move positions GTVH to capitalize on the recovering leisure and recreational industry, potentially unlocking significant shareholder value.

Golden Triangle Ventures' 'Destino Ranch' Poised to Redefine Entertainment and Hospitality

The leisure and recreational industry is poised for a stellar recovery after facing significant revenue declines due to the COVID-19 pandemic. This resurgence is evident in the performance of the Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ), which has outpaced the S&P 500 over the past six months.

Golden Triangle Ventures, Inc (OTC:GTVH), a multifaceted consulting company operating in the Health, Entertainment, and Technology sectors, is well-positioned to capitalize on this burgeoning opportunity. GTVH's wholly-owned subsidiary, Lavish Entertainment, has developed a comprehensive four-pillar business model encompassing logistics, staffing, equipment, and production to advance its mission of creating an industry-leading entertainment business.

The company's flagship venture, Destino Ranch (www.DestinoRanch.com), is a significant milestone for GTVH. The company has executed an agreement to acquire approximately 70 acres of prime and improved land in Arizona for this multifaceted destination center. Destino Ranch is planned as a sustainable destination that combines nature and technology to create unforgettable experiences.

Strategically located on State Route 93 between Las Vegas and Phoenix, Destino Ranch aims to become an international destination rivaling Coachella and other well-known festival sites. The significantly improved property includes perimeter fencing, graded roads, solar power systems, permanent structures, garden areas, a well, a septic system, irrigation systems, security cameras, and heavy equipment, representing a substantial investment of nearly $6 million.

Steffan Dalsgaard, CEO of Golden Triangle Ventures, expressed confidence in the company's ability to bring this project to life, stating, "This marks a significant step forward in our vision to create a one-of-a-kind destination that celebrates art, music, and entertainment year-round."

Considering the success of Coachella, which earned over $114 million in profits in 2017, GTVH's current market capitalization of around $4 million implies substantial potential for shareholder value creation if Destino Ranch captures even a fraction of Coachella's market share.

GTVH is actively working to prepare internal production events and secure bookings for showcasing beginning in Q4 of 2024, further solidifying Destino Ranch's position as a premier entertainment destination. The company's recent acquisition, ABI Create (www.ABICreate.com), a premier event management and production firm, will maximize synergies and amplify the development of Destino Ranch.

To enhance shareholder value, GTVH has announced a pivotal agreement with T&K Zarro, LLC, its largest note holder, committing to a structured and disciplined sale of GTVH stock and a 6-month moratorium on interest accruals. This agreement aims to provide GTVH with the necessary time to optimize its operations and capitalize on growth opportunities.

Source Statement

This news article relied primarily on a press release disributed by News Direct. You can read the source press release here,

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