Johnsons Fort Lauderdale (Wilton Manors)

[EZEtoGRU]

10 minutes ago, AtlantaDude said:

I have conducted a bit of research.  The property on which Johnson's operates (at a tenant) is owned by Wilton Manors Holding, LLC, whose managing member is Tristan Schukraft.  He is well known entrepreneur in the LGBTQ hospitality sector and heathcare sectors and is the founder of Tryst Hotels.  He also operates some well known LGBTQ venues.

Schukraft's company has proposed a mixed redevelopment of the Johnsons' tract (together with the Art Frenzie and Wilton Executive Suites tracts) to include a new Tryst Hotel, but no formal development plans have yet been submitted to the City of Wilton Manors.

Interesting. Thanks for the info. 

[john4112nola]

Pride Holding's letter to Staff dated May 18 did not age well, trying to explain everything was a rumor, bills were paid, no eviction notices, and no site closures.  Also interesting they are blaming "bank fraud"  as the reason for the missed payments.   Another article I saw mentions Barrett purchased a 3.5 million house in Boca in March, then put it in a new LLC.  "there is no evidence of wrong doing" the article states. 

From their latest quarterly report:

"  The Company has not generated revenue and profits since inception, sustained a net loss of $2,702,624 and $224,237 from continuing operations for the three months ended March 31, 2026 and 2025, respectively, and incurred negative cash flows from operations of $574,027 for the three months ended March 31, 2026. These factors among others raise substantial doubt about the Company’s ability to continue as a going concern for a period of 12 months from the issuance date of this report "

 

[AtlantaDude]

Quite interesting and concerning for those of us who enjoy Johnsons.  It seems likely that Pride Holdings could be filing for bankruptcy protection soon.  That might make Johnsons assets (including its lease) available to be purchased for a song.   

[+ BOZO T CLOWN]

2 hours ago, AtlantaDude said:

I have conducted a bit of research.  The property on which Johnsons operates (as a tenant) is owned by Wilton Manors Holdings, LLC, whose managing member is Tristan Schukraft.  He is well known entrepreneur in the LGBTQ hospitality and heathcare sectors and is the founder of Tryst Hotels.  He also operates some well known LGBTQ venues.

Schukraft's company has proposed a mixed redevelopment of the Johnsons' tract (together with the Art Frenzie and Wilton Executive Suites tracts) to include a new Tryst Hotel, but no formal development plans have yet been submitted to the City of Wilton Manors.

Interesting research. Thanks @AtlantaDude,
If true, and gay hospitality entrepreneur Tristan Schukraft is planning to demolish Johnsons and erect a Tryst Hotel at that location, it would be bad news for Johnsons aficionados, but very good news for Pride Holdings investors. Unless the lease provides for otherwise, Schukraft would have to buy out the lease before razing the current structure. That would be a big cash infusion for Pride.

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[EZEtoGRU]

Seems like the smart strategy for Schukraft would be to wait for Pride Holdings to go under (if that’s what eventually is going to happen) and then proceed. 
 

time will tell. 

[john4112nola]

Interesting......  Wilton Manors Holdings LLC purchased the Johnsons property along with several other adjacent properties (2320 and 2312) on 4/2/2026.   

[rojjodc]

1 hour ago, john4112nola said:

Interesting......  Wilton Manors Holdings LLC purchased the Johnsons property along with several other adjacent properties (2320 and 2312) on 4/2/2026.   

We in Wilton Manors have heard this Tryst proposal rumor for at least a year now.  New developments in Wilton Manor take a while, sometimes a few years, so it is unlikely that they would even start with any new development even if Johnsons closed and Tryst came up with a concrete plan, which they have not.  Several new other developments including a new hotel have been proposed but have gone no where in Wilton Manors.  Plus, Tryst bought two properties in Frie Island and is renovating them, the Crown and Anchor in Provincetown and is busy renovating that property, and has also proposed a hotel in Boystown, Chicago (per the Chicago LGBT news).  So Tryst is probably not doing anything in Wilton Manors in the near future.  Here is the Tryst website:   Properties - Tryst Hospitality   

Here is the Wilton Manors proposed hotel, which is at least 3 years old and unlikely to be built at this time:  Wilton Hotel & Pool Club

[AtlantaDude]

8 hours ago, rojjodc said:

We in Wilton Manors have heard this Tryst proposal rumor for at least a year now.  New developments in Wilton Manor take a while, sometimes a few years, so it is unlikely that they would even start with any new development even if Johnsons closed and Tryst came up with a concrete plan, which they have not.  Several new other developments including a new hotel have been proposed but have gone no where in Wilton Manors.  Plus, Tryst bought two properties in Frie Island and is renovating them, the Crown and Anchor in Provincetown and is busy renovating that property, and has also proposed a hotel in Boystown, Chicago (per the Chicago LGBT news).  So Tryst is probably not doing anything in Wilton Manors in the near future.  Here is the Tryst website:   Properties - Tryst Hospitality   

Here is the Wilton Manors proposed hotel, which is at least 3 years old and unlikely to be built at this time:  Wilton Hotel & Pool Club

I looked over that proposal.  Does it include the Johnsons property?  I can’t tell.  

[rojjodc]

9 hours ago, AtlantaDude said:

I looked over that proposal.  Does it include the Johnsons property?  I can’t tell.  

No, the Wilton Hotel & Pool Club is a separate proposal from at least 3 years ago.  They (I don't know who) bought some property on Dixie Avenue off of Wilton Drive, west of the Five Points intersection that included a closed funeral home.  They were looking to secure financing and put scaffolding around the property sometime in 2025, but the community rumor is that they will not move forward with the construction because of costs.   The Tryst proposal is a separate one, and it is right on Wilton Drive, encompassing much of the property that includes the Art Frensies and Executive Offices properties next to Johnsons.   I was not aware that it includes the Johnsons property.   It certainly would make sense if they could take over the Wilton Hotel & Pool Club proposal, but I have not heard anything of such.  

[1965mike]

What happened to matt.why did he sell johnsons. He had two great bars ft lauderdale and tampa.is he planning something new. Maybe he opening a new bar

[+ BOZO T CLOWN]

1 hour ago, 1965mike said:

What happened to matt.why did he sell johnsons. He had two great bars ft lauderdale and tampa.is he planning something new. Maybe he opening a new bar

 Matt sells:

https://www.facebook.com/matt.colunga.9/posts/pfbid06UCLJ4LAxdb34SVtPgZvCqWCUyEBh76hS5oAMoCkJRj7EkUE29mTtwEzucBLUmzRl

Matt quits:

https://www.facebook.com/matt.colunga.9/posts/pfbid027oWrR69LyYV8ibzRUFKkNm3RsPPpcUez4kn9DYU856dDz5esqzkZ5CBoEbJwN64jl

Matt rehired:

https://www.facebook.com/matt.colunga.9/posts/pfbid02ZqfyqactU9E8azoF5ayVwqQuJdB6qN8TW5CCApSPLRGd2C5YacXCr2YayN6W942Ql

Matt quits again:

https://www.facebook.com/matt.colunga.9/posts/pfbid0jyYzNztyA383vgDpch5EsxVDZNihiwo4jPHeJnUgUyfAtGh5iS7eDBsCQ1gM9urLl

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[rojjodc]

He likely was offered a lucrative deal - money plus stock options - and thought the PRIDE holdings stock would take off, giving him an even bigger financial windfall  -- notice in the first pF post of the sale that he mentions the stock price is low and encourages others to get in before it possibly takes off.  He took a gamble and who knows if it worked out for him, but I suspect it did not...

[+ BOZO T CLOWN]

9 hours ago, rojjodc said:

He likely was offered a lucrative deal - money plus stock options - and thought the PRIDE holdings stock would take off, giving him an even bigger financial windfall  -- notice in the first pF post of the sale that he mentions the stock price is low and encourages others to get in before it possibly takes off.  He took a gamble and who knows if it worked out for him, but I suspect it did not...

The closing price of PHSE on August 1, 2025 - the date of Matt's announcement of his sale of Johnsons to Pride Holdings - was 13.5¢ per share. It closed yesterday at 4¢.
The company lost over 70% of its value in a year .
So yeah, your suspicions are correct. If Matt was planning on living a lavish lifestyle from his equity in PHSE, it isn't looking very hopeful.

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[rojjodc]

6 hours ago, BOZO T CLOWN said:

The closing price of PHSE on August 1, 2025 - the date of Matt's announcement of his sale of Johnsons to Pride Holdings - was 13.5¢ per share. It closed yesterday at 4¢.
The company lost over 70% of its value in a year .
So yeah, your suspicions are correct. If Matt was planning on living a lavish lifestyle from his equity in PHSE, it isn't looking very hopeful.

BTC
🤡

People don't realize that a stock price could be low, but it could go lower and could go to zero, just as easily as it could double/triple/increase xxx times.  Here's the Pride Holding press releases, including their latest press release to reduce the shares outstanding to a mere billion (!) and newly branded Pride vodkas that i am sure Johnsons and their other businesses will be hawking (which I would surmise will be at an inflated price!)...I didn't know that they were originally the owners of Parliament House in Orlando; they should have kept that enterprise open... but I am not sure how many of you remember that Parliament House tried to offer timeshares (I think in the 1990s) and that apparently flopped as well.

Press Releases | PRIDE Holdings Group

[Atlanta_Guy]

On 8/5/2026 at 9:57 PM, rojjodc said:

He likely was offered a lucrative deal - money plus stock options - and thought the PRIDE holdings stock would take off, giving him an even bigger financial windfall  -- notice in the first pF post of the sale that he mentions the stock price is low and encourages others to get in before it possibly takes off.  He took a gamble and who knows if it worked out for him, but I suspect it did not...

He was warned the group was crooked and had no money.  He was told the promises being made were bullshit.  He is a talented man.  But his understanding of finance and accounting is 3rd grade level 

[Atlanta_Guy]

On 8/6/2026 at 1:48 PM, rojjodc said:

People don't realize that a stock price could be low, but it could go lower and could go to zero, just as easily as it could double/triple/increase xxx times.  Here's the Pride Holding press releases, including their latest press release to reduce the shares outstanding to a mere billion (!) and newly branded Pride vodkas that i am sure Johnsons and their other businesses will be hawking (which I would surmise will be at an inflated price!)...I didn't know that they were originally the owners of Parliament House in Orlando; they should have kept that enterprise open... but I am not sure how many of you remember that Parliament House tried to offer timeshares (I think in the 1990s) and that apparently flopped as well.

Press Releases | PRIDE Holdings Group

It will go to zero. Pride holdings will not exist in 12 months