Venu Announces Initial Results of Nationwide Real Estate Portfolio Appraisal

Colorado Springs Campus Appraised at $186 Million – a 46% Increase Above Cost

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Venu Holding Corporation (“VENU” or the “Company”) (NYSE American: VENU), the visionary owner, operator, and builder of upscale live music venues and premium hospitality destinations, announced today that it has initiated an independent nationwide real estate portfolio review performed by third party appraisers. The review includes the completed appraisal of the properties comprising the Company’s Colorado Springs, Colorado campus at $186 million, a $58 million (or 46%) increase above its cost basis as recorded on its balance sheet as of June 30, 2025. These appraisals used the cost basis, income, and comparable sales approaches to valuation and, after reconciliation, came to the appraised values of the properties. These approaches to valuation are commonly used approaches to value for appraisal of commercial properties, as opposed to assigning a valuation on the properties based solely on the cost basis of the properties.

VENU’s Colorado Springs Campus includes the Ford Amphitheater, the new Roth Sea & Steak Hospitality Center, the Bourbon Brothers Smokehouse & Tavern Restaurant, The Phil Long Music Hall and parking facilities, among other related assets. In the coming weeks, the Company expects to receive a completed set of appraisals to include its other operating property in Gainesville, Georgia and its projects currently under development in McKinney and El Paso, Texas and Broken Arrow, Oklahoma. VENU’s proposed projects in Centennial, Colorado and Houston, Texas will also be independently valued. Final decisions on those projects are expected to come later this quarter.

The appraisals serve as critical evidence to support the potential intrinsic value VENU brings to the communities in which it operates and helps to substantiate the Company’s disciplined approach to growth and portfolio management. Rooted in public-private partnerships, fractional ownership opportunities, and strategic sale leasebacks, VENU’s business model strives to transform real estate assets into engines of economic growth, long-term shareholder value, and next-generation entertainment campuses.

“Our model is designed for longevity and scalability. Each venue we build is a premier real estate asset that drives recurring revenue from live entertainment and hospitality, creating a powerful foundation for sustained growth. The appraisal of the Colorado Springs Campus further validates the strength of our model, demonstrating how our assets, partnerships, and relentless fan-engagement strategy have the potential to translate into long-term financial performance,” said J.W. Roth, Founder and CEO of VENU.

It is important to understand that the appraisal of the Colorado Springs Campus takes into account, among other factors, the valuation of the Company’s real estate and developments at a specific point in time (in this case, as of October 8, 2025), and the 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 the Colorado Springs Campus 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 could be sold to a third party. Other appraisal methodologies may yield materially different appraised value. Furthermore, the appraised value of the Colorado Springs Campus 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 the Colorado Springs Campus to materially differ from the estimates utilized by the appraiser, such as changes in the economy, interest rates, 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 its 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.

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 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.

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, Aramark Sports + Entertainment, and Tixr, VENU continues to shape the future of the entertainment landscape.

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 because of new information, future events or otherwise, except as required by law.