The rise of Jack Penrod and Nikki Beach Business Insider
Apr 28, 2023, 5:07 PM. By. Francisco Alvarado. Save article. Miami Beach elected officials are laying the groundwork to find a new operator for the Nikki Beach property, the longtime restaurant.
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Jack Penrod is an American entrepreneur. He is the founder and owner of Nikki Beach Worldwide, a global luxury lifestyle and hospitality brand. Before founding Nikki Beach, Penrod was the founder and owner of Penrod's Beach Club in Daytona Beach, Fort Lauderdale, and Miami.Prior to the club's business, Jack Penrod was the largest McDonald's franchise owner in Florida in the 1980s.
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Ever the savvy businessman, Mr. Penrod spent the first few years creating a buzz all over the country about Penrod's Beach Club coming to Miami Beach before actually opening the $4 million.
Up Close With Jack Penrod As He Expands His Famed Nikki Beach Clubs And Resorts Worldwide
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In 1998, entrepreneur Jack Penrod introduced the world to Nikki Beach, the first and original
"Jack went to work and turned the pool area of Penrod's Beach Club into a magical garden by the sea, calling it Café Nikki," says Lucia Penrod, in Celebration of Life, Assouline's luxury.
Up Close With Jack Penrod As He Expands His Famed Nikki Beach Clubs And Resorts Worldwide
In 1988, he launched Penrod's Beach Club on South Beach, helping to transform the area from that of a retirement community into a resort destination frequented by a young, vibrant and trendy crowd. Penrod discusses how in 1997 - during the height of his success in South Florida - tragedy struck when his 18-year-old daughter Nicole passed.
The rise of Jack Penrod and Nikki Beach Business Insider
In 1988, he launched Penrod's Beach Club on South Beach, helping to transform the area from that of a retirement community into a resort destination frequented by a young, vibrant and trendy crowd.
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Penrod's Beach Club. Miami Beach, FL. 33239. Report incorrect information. Contact. 3055381111 Is this your business? Claim this listing. Remove this listing. More Venues near Miami Beach, Florida. The Enchanted Dollhouse. 7212 Red Road, South Miami, FL ★.
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Jack sold the sites for $10 million in 1975 and went on to launch a club called Penrod's Beach Club in Daytona Beach and Fort Lauderdale attracting the young students from Spring Break. In 1985.
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In short order, we started to get to work, and the contracts were signed in 1985. The following spring, we opened the beach concessions, and Penrod's Beach Club debuted in November 1988. In total, this represented a hefty $4m investment in an incredibly risky, derelict neighborhood. But I saw the potential.
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Penrod's Beach Club was also pretty wild, putting on a boisterous party nightly on the south end of Ocean Drive -- right by Joe's Stone Crab, which even then was raking in more than $10 million a.
Up Close With Jack Penrod As He Expands His Famed Nikki Beach Clubs And Resorts Worldwide
In the 25 years since Nikki Beach first launched in Miami Beach, the surrounding South of Fifth neighborhood has changed too. Definitely! Nikki Beach may be turning 25, but Jack and I have been a part of this community since 1986. Before Nikki Beach, Jack opened Penrod's Beach Club in Fort Lauderdale, a very successful brand in its own right.
Up Close With Jack Penrod As He Expands His Famed Nikki Beach Clubs And Resorts Worldwide
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Jack Penrod is an American entrepreneur. He is the founder and owner of Nikki Beach Worldwide, a global luxury lifestyle and hospitality brand. Before founding Nikki Beach, Penrod was the founder and owner of Penrod's Beach Club in Daytona Beach, Fort Lauderdale, and Miami. Prior to the club's business, Jack Penrod was the largest McDonald's franchise owner in Florida in the 1980s.
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Up Close With Jack Penrod As He Expands His Famed Nikki Beach Clubs And Resorts Worldwide
American entrepreneur Jack Penrod is the founder & owner of Nikki Beach WorldWide, a global luxury lifestyle & hospitality brand. Before building Nikki Beach, Penrod was the founder & owner of Penrod's Beach Club in Daytona Beach, Ft. Lauderdale and Miami.Prior to the clubs business, Jack Penrod became the largest McDonald's franchise owner in the State of Florida in the 80's.