Kirkendoll Management LLC Announces Agreement to Purchase The Penthouse Club


Kirkendoll Management LLC (KM) today announced the signing of definitive agreements to purchase The Penthouse Club – Baltimore. Assuming transfer of all necessary permits, licenses, and other authorizations, and subject to usual closing conditions for transactions of this kind, closing is expected on or before September 30, 2022.

Previously a licensee, The Penthouse Club – Baltimore will become the fourth Penthouse Club and sixth gentlemen’s club in the privately held, boutique hospitality investment firm’s portfolio. In addition to its standalone company-owned and operated nightclubs, Kirkendoll Management is the exclusive licensor of THE PENTHOUSE CLUB and PENTHOUSE-branded products worldwide.

“We are excited about this acquisition. The Penthouse Club – Baltimore is one of the best in the market,” says Chuck Rolling, Chief Operating Officer. “The acquisition falls perfectly in line with our company’s goal to expand our nightclub division, whether through licensing, management, or buyout.”

The 13,000-square-foot upscale club at 615 Fallsway features ultramodern sound and light systems, elevated private and semi-private VIP suites, a full-service 5-star dining experience, and, of course, the beautiful entertainers Penthouse is known for. It is situated in downtown Baltimore in the Penn-Fallsway neighborhood, just east of Historic Mt. Vernon, with easy access from Washington D.C. and Southern Philadelphia.

“When we rebranded from Scores to Penthouse in 2018, we did so for several reasons, but namely we believed in the Kirkendoll Management team’s professionalism, experience, and ability to leverage our own expertise,” says Brian Shulman and Andrew Alley, former co-owners of The Penthouse Club – Baltimore. “We built a great business and established a strong rapport with Kirkendoll Management and their operations team, we are confident the future of the business is in great hands”

The Penthouse Club – Baltimore was named Club of the Year at the 2019 Adult Nightclub & Exotic Dancer Awards Show.

For more information on Kirkendoll Management LLC and its various subsidiaries, please visit https://kirkmgmt.com/.

 

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