NEW YORK /PRNewswire/ — Knighthead Capital Management, LLC (“Knighthead”) announced today that through certain of their managed entities, they have joined the highly anticipated pickleball-themed entertainment complex founded by Paul Frederick, Guillermo Mascarenas and Eduardo Gomez, owners of Carolo Corporation and Eureka! Restaurant Group, as a strategic partner. Electric Pickle has broken ground in Las Vegas, NV and Tempe, AZ and will expand into several other key cities nationwide in 2023 and 2024 including Roseville CA, Katy TX, Rancho Cucamonga CA, and additional locations soon to be announced.
Pickleball is the fastest growing sport in the U.S. and players are consistently faced with having too little access to courts. Each Electric Pickle location will have 10 courts and full-service private cabanas for players to relax in between games in a luxurious and refined environment. In addition to pickleball, guests will be able to take advantage of outdoor TVs and fireplaces, bocce, and a 10,000 square foot restaurant with lavish Tulum-inspired decor. Whether you are on or off the court, Electric Pickle fosters a lavish environment to socialize with family and friends, with an upscale food and beverage program curated by the same founders that operate the Eureka! Restaurant Group.
Carolo Corporation and Eureka! Restaurant Group operate multiple concepts throughout the US and Mexico; the trio of founders are fusing their culinary expertise with their love of pickleball to elevate the game for players around the US.
“Knighthead Capital Management, LLC and the Electric Pickle team share the same values and passion to provide everyone with an electrifying pickleball experience,” said Paul Frederick. “This new one-of-a-kind entertainment complex will inspire guests to socially connect outdoors with the popularity of pickleball as the driving catalyst.
This is not Knighthead’s first foray into the world’s fastest growing sport. Recently it was announced that an affiliate of Knighthead joined forces with seven-time Super Bowl champion Tom Brady and Tennis Hall of Famer Kim Clijsters to purchase an expansion team for the 2023 Major League Pickleball season.
“Pickleball is an incredibly social game, and we are thrilled to unify those who play the sport through the opening of Electric Pickle complexes in key regions throughout the United States,” said Tom Wagner, Co-Founder of Knighthead Capital Management LLC.
Set against a backdrop of beautiful, highly-conceptualized lush landscapes, Electric Pickle provides the ultimate five-star resort experience for ‘Picklers’ and non-playing guests alike. Hospitality is at the forefront of the Electric Pickle experience and the team is looking forward to welcoming guests in Spring 2024.
About Knighthead Capital Management, LLC
Knighthead Capital Management, LLC (“Knighthead”) was co-founded in 2008 by Ara Cohen and Tom Wagner and currently has approximately $10.3 billion of assets under management. Knighthead is an event driven and deep value focused, SEC registered, investment advisor that specializes in investing in companies that need financial and operational restructuring. Knighthead has worked to create a diversified platform with an experienced team of investment professionals, specializing in credit analysis, sourcing, trading and restructuring. Knighthead’s long-term objective is to generate attractive risk-adjusted returns for its clients while emphasizing the preservation of capital. Knighthead manages assets across a variety of investment vehicles including a long/short evergreen hedge fund, a number of closed-end credit vehicles, a dedicated real estate lending business and a sizable insurance asset management business.
About Eureka! Restaurant Group and Carolo Corporation
Eureka! Restaurant Group owns and operates 30 restaurants (six more in development) across three innovative brands: Eureka!, La Popular CDMX, and The Amalfi Llama (opening soon in Miami, FL and San Diego, CA). Grupo Carolo is a multi-unit operator of fashionable upscale restaurants (24) throughout Mexico City. Such notable restaurant brands include Blanco Colima, Blanco Castelar, and Farina to name a few.
SOURCE Knighthead Capital Management, LLC
Pickleball in California Sees Unprecedented Growth: Investment Needed
California’s pickleball surge necessitates investment in courts to meet demand and sustain growth.
Pickleball, the popular paddle sport, is experiencing unprecedented growth in California. According to the recently released 2023 State of Pickleball: Participation & Infrastructure Report by Pickleheads and The Sports & Fitness Industry Association (SFIA), the state will need to build a staggering 3,748 courts at a cost of $131.2 million to meet the increasing demand over the next 5-7 years.
The report also reveals that California currently has only 0.67 dedicated pickleball courts per 10,000 people, which is 45% below the national average. In fact, the state ranks 41st in the nation in terms of dedicated court coverage per capita. These figures highlight the urgent need for investment in pickleball infrastructure to keep up with the sport’s meteoric rise.
Brandon Mackie, Co-founder and COO of Pickleheads, emphasizes the significance of this growth, stating, “Pickleball continues to grow at an unprecedented rate in California. Our estimates show the state will need to invest $131M in courts over the next 5-7 years. This represents an exciting challenge for both public and private enterprises in California.”
Pickleheads, the leading online platform for pickleball, has been instrumental in compiling comprehensive data on pickleball courts across the country. Their database currently includes 51,937 courts across 12,081 facilities in the U.S.
To gain further insights into the state of pickleball and its infrastructure, the 2023 State of Pickleball: Participation & Infrastructure Report can be purchased on pickleheads.com for $350.
As pickleball’s popularity continues to soar, the investment and expansion of pickleball facilities in California will play a crucial role in meeting the growing demand and ensuring players have ample opportunities to enjoy the sport.
Dink Ninja Paddle Review: High-Quality Performance!
“Discover the Dink Ninja Paddle’s high-quality performance in our review! Elevate your pickleball game with this top-notch equipment.
In a recent episode of Sleeves Senior Pickleball Report, renowned host Mike Sliwa took on the challenge of reviewing the Dink Ninja 🥷White Hot Edition 🔥 Carbon Paddle. Known for his expertise and insightful analysis, Mike left no stone unturned as he explored the paddle’s features and performance.
The Dink Ninja paddle boasts an 18k Carbon Fiber face that delivers an impressive combination of power, spin, and accuracy. Its dual layer PP honeycomb core, coupled with a flexible paddle surface, provides an unmatched touch, allowing players to execute precise shots with ease. With a thickness of 16mm, this paddle offers increased power for those aggressive shots on the court.
What sets the Dink Ninja apart is its proprietary textured surface, which effortlessly generates impressive ball spin. Mike Sliwa couldn’t help but be impressed with the paddle’s ability to enhance his game and take it to the next level.
If you’re looking to elevate your pickleball game, the Dink Ninja 🥷White Hot Edition 🔥 Carbon Paddle might just be the game-changer you need. Don’t miss out on this incredible paddle that slices and dices its way to high-quality performance.
Discover everything you need to know about the legendary Dink Ninja paddle by clicking the link below.
Hyundai 2024 Santa Cruz: Best Urban Pickup by Cars.com
“Hyundai’s 2024 Santa Cruz named Best Urban Pickup by Cars.com, blending adventure with practicality.”
Hyundai’s 2024 Santa Cruz has been named the Best Urban Pickup by Cars.com in their Pickup Truck Buying Guide. The Santa Cruz impressed Cars.com’s editors with its ability to combine adventure and practicality, as well as its range of desirable features. Ricky Lao, the director of product planning at Hyundai Motor America, expressed gratitude for the recognition and emphasized the brand’s commitment to innovative design, powerful drivetrains, driver convenience, and advanced safety features.
According to Aaron Bragman, Cars.com’s Detroit Bureau Chief, the Hyundai Santa Cruz is the ideal truck for urban environments. Its sleek and compact design, lockable hard-top tonneau cover, and comfortable ride make it a dream for city dwellers. Additionally, its Surround View Monitor makes parallel parking on narrow city streets a breeze.
To receive a Cars.com Top Pick designation, vehicles must demonstrate solid fuel economy, capability, and value. For pickup trucks, payload and towing capacities are also considered. Moreover, practical attributes that cater to family needs are taken into account, as many pickups are used for this purpose.
Cars.com Inc. is a leading automotive marketplace platform that connects car shoppers with sellers through digital solutions. Hyundai Motor America focuses on “Progress for Humanity” and offers a technology-rich lineup of cars, SUVs, and electrified vehicles to U.S. consumers. In 2022, Hyundai’s dealers sold over 724,000 vehicles in the U.S., with a significant portion produced at Hyundai Motor Manufacturing Alabama. For more information, visit www.HyundaiNews.com.
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