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Napali Capital is centrally located but invests in properties throughout the U.S. We analyze hundreds of properties to acquire a select few that meet our strict criteria and deliver the most profitable returns for our investors.
Our vision is for Napali Hospitality Group to be a recognized leader in the hospitality industry through select- and select-service hotel ownership and management by delivering the highest level of employee and guest service and by achieving profitable returns for our investors and stakeholders.

Reasons why select
and limited service hotel
real estate should be in
your portfolio

Strong brand recognition
Large pool of assets with strong in-place net promoter scores (NPS)
Higher cap rates allow for greater returns
Longer asset hold terms
Attractive long term non-recourse debt financing
View our corporate deck


The combined experience and talent of Napali Hospitality Group leadership includes hospitality investment, strategic planning, development, and operations and provides the incredible foundation for our hospitality-based investment company.


Tim Black is co-founder and Managing Partner of Napali Capital, a Texas-based real estate investment firm. He brings 32 years of executive level management experience to the company with expertise in hotel operations, strategic planning, marketing, sales, revenue management, and real estate development.

Prior to Napali Capital, Mr. Black served as Chief Operating Officer of Great Wolf Resorts, owner and operator of 17 North American waterpark resorts. In this role, he maximized revenue through pricing, demand, digital marketing, and implementation of new revenue streams and predicted consumer behavior and pricing strategies for entire portfolio of resorts. Additionally, he worked directly with private equity and served as a key player in resort development assisting in planning, spatial layout, guest traffic flows, and design aimed at maximizing revenue per square foot and efficiently control operating costs. Resort operations included in Mr. Black’s oversight included all facets of the facilities including waterpark operations, guest services, food and beverage, retail operations, safety and security, and overall guest satisfaction. During his tenure with Great Wolf Resorts, he was instrumental in providing outstanding team leadership and in growing the company’s portfolio by eight resorts throughout the U.S. and increasing EBITDA by 49 percent.

Earlier in his career, Mr.  Black worked for Six Flags Entertainment where he served in numerous leadership roles including Park President for three parks: Hurricane Harbor, the nation’s largest Wild Animal Safari, and Six Flags Great Adventure, the company’s largest and most profitable asset.  While in this role, he was responsible for all facets of park operations and intensive capital spending of more than $250 million.

Mr. Black is a graduate of LaSalle University and holds a Bachelor of Science degree in Human Resource Management. He has served on the boards of numerous organizations including Big Brothers/Big Sisters; American Red Cross; and Village of Waunakee, Wisconsin, Planning Commission.


Thomas Black, MD, is co-founder and managing partner of Texas-based real estate firm Napali Capital, author of “The Passive Income Physician: Surviving a Career Crisis by Expanding Net Worth,” and a board-certified emergency medicine physician.

Thomas began his career in real estate overseeing residential mortgage loans at Wells Fargo Financial as an undergraduate. Following graduation from medical school, he began investing in real estate, eventually shifting his focus from single-family to multifamily housing before co-founding Napali Capital.

A 13-year veteran of the U.S. Armed Forces, Thomas earned his medical degree from the University of Texas Medical Branch in Galveston, Texas, where was selected as a member of Alpha Omega Alpha Medical Honor Society and graduated with honors. He then completed his residency at Indiana University Emergency Medicine Residency Program in Indiana. He continues to practice emergency medicine in the North Texas region.

Thomas is featured in Forbes and is a University of North Texas Board of Advancement member.


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