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The Black Hotel Group - Work. Stay. Play.

The Black Hotel Group - Work. Stay. Play.

The Black. Where Airbnb and WeWork collide. From the Founders of GulfStream Hotels (680% ROI) & Canopy Palms Resort (528% ROI)

Company Overview

What is the Black?

After spending a few thousand hours in research and conversation, here’s what has distilled down:

Boutique hotels continue to be the dominating trend within the $550 billion Hotel Industry. Guests are increasingly looking for unique experiences tailored to their individual needs. Tech smart. High design. Good value. Flex-stays. Exceptional amenities. As the proven success of boutique hotels have shown, guests don’t mind a smaller room, if the “look”, the bed, the TV, and the bathroom are all spectacular.

In Addition, private social clubs are in resurgence. Six years ago, Soho House started the trend, and the trend is explosive. With pride, our management team discovered the secret these clubs downplay; the clubs are being used informally as co-working spaces. Our direction became clear; create a new, first-to-market, business model which marries a high-end co-working environment, a boutique hotel, and a social club into a single, cohesive, communal experience. And we are calling this new brand, “The Black.”

With the first location in the heart of downtown Fort Lauderdale, The Black will be the only luxury property in the business and social district. While building a hotel in this area would make any hotel project economically unfeasible, our strategy is securing longterm leases in Class A office spaces and converting them to a Hotel - Cowork - Social Club which allows us to act as the WeWork of the hotel industry. Fast, Versatile, and Disruptive. As you will see from our proforma, The Black will have low operating expenses which allows for competitive room rates while still giving our guest a 5 star experience and our investors stellar year over year profits and growth. The Black is expected to be profitable after the first quarter of operation. It is management's intent to take the concept nation wide, opening 30 locations over the next 4 to 6 years.

The Business

The Black Hotel Group’s first location is 200 E Broward Blvd, Fort Lauderdale, Florida 33301. The company is leasing two floors that were formally a PNC Bank. The first floor is designed to contain the Hotel Lobby, Social Club, and both meeting and work space area, with the second floor being hotel guest suites. (See Floor 1 and Floor 2 Layout in Data Room).

Our total lease with utilities and common area maintenance averages $60,000 per month with, an increase of 3% per annum (this figure does not include a six-month rent abatement in year one). Total operating cost should be under $90,000 per month, the hotel is profitable at 60% occupancy, which is well under the average occupancy for downtown Fort Lauderdale at 78.5%.

Why do we anticipate higher occupancy than the area average?

  • The Black is the only 4-star luxury hotel in downtown.
  • We are competitively priced as compared to 3 star hotels near downtown.
  • Our location is in the heart of the central business district in Fort Lauderdale.
  • The Social Club is an amenity that our guest will not be able to get anywhere else in Fort Lauderdale—a perfect place to visit when you need a retreat from the bustle and hustle of Downtown Fort Lauderdale. With personalized service, great food, and the amenities of a luxury hotel—with concierge feeling experience.
  • Our rooms are all 240 square feet with best-in-class beds, TV’s, and bathrooms.
  • We will offer beach access and seating—no other downtown hotel offers this amenity.
  • While our rooms are luxurious, there are only 24, unlike the other Hotels in the area with hundreds of rooms to fill.
  • Free Shuttle to and from the Airport and Beach.
  • We have private meeting rooms that will allow our guests and members to make presentations, or just have a quite place to congregate and talk shop.
  • We are the only hotel that offers Flexible Check-in and Check-out times to accommodate our guest travel schedule. Check-in when you need the room, check-out when you are finished with your room— 5 pm outbound flight? check-out at 4 pm, Caught the inbound redeye? check-in at 7:30 am. Our guest will be the only guest in Fort Lauderdale not waiting in Starbucks for their rooms.

Management Track-record


Shareholder Contributions

Debt Financing

Acquisition Price

Acquired By

Gulfstream Hotels, LLC




Ceebraid Signal

Singer Island O.F. Hotels, LLC






Managing Director - Brett Engelhard

Chief Executive Officer Engelhard Organization
Managing Member Gulfstream Hotel Group, LLC
Managing Director/Authorized Member SingerIsland O.F. Hotels, LLC

Chief Brand Officer - Mike Moore

Projects & clients: The Bel Air Hotel, The Bellagio Hotel, The Beverly
Hills Hotel, The Broadmoor, Four Seasons Hotels, Kimpton
Hotels, MGM Grand, Peninsula Hotels, Ritz Carlton, Rosewood
Hotels, St. Regis Hotels, Westin Hotels, the recently completed
Plunge, in Lauderdale By The Sea. Mike was also member of the team
which created the W Hotels brand.

President & Director - BDDW

Director - Williams-Sonoma/Pottery Barn

Founder & CBO - mike furniture

Chief Brand Officer - Florida Development Group


18% ROI

Pitch Deck


  • Mike King Moore, one of the most sought after Hotel Designers in the Hospitality Industry joins The Black Hotel Group.

    April, 2017
  • The Black Fort Lauderdale secures first location in Downtown Fort Lauderdale. Estimated Opening of Fort Lauderdale property March 2018.

    May, 2017
  • Board of Adjustments for the City of Fort Lauderdale in a 7 - 0 vote, approves Variance for The Black Hotel Fort Lauderdale.

    May, 2017
  • The Black Enters into LOI with 200 E Broward. Terms of the agreement include, 10 year lease with (2) 5 year options and $625,000 in funding.

    May, 2017
  • The Black Hotel finishes architectural plans for 200 East Broward Blvd property.

    May, 2017
  • The Black Hotel secures mobile solution for Flexible Check-in/Check-out times for their hotel guest.

    June, 2017


Anthony Giordano
Anthony Giordano
"I have been involved in many Private Equity Deals, and have had more than my fair share of successes. Brett is hands down one of the best operators in the business. I have made money on every deal we have worked together. My money was tied up in Gulfstream Hotels for approximately 18 months. It was a home run. I am looking forward to The Black being our next big win together. "
Kerry Flowers
Kerry Flowers
Marketing Guru
"I have know Brett for almost 17 years and what a master in hospitality has he been. Brett is known for being an innovator in this industry and as an owner he thinks logically, creatively, and takes care of the industry relationships he builds. "