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Vegas locale takes over nightclub/beach club venues
Just four months after Nikki Beach and Club Nikki opened at the renovated Tropicana Las Vegas, the hotel/casino’s operator said it has taken over management of those sites. Tropicana released a statement saying it has terminated its management agreement with Nikki Beach Las Vegas LLC and Penrod Management Group Inc. to run the nightclub/beach club complex.
Tom Recine, Tropicana’s vice president of food, beverage and retail, told the Las Vegas Sun that he is building a new team to work for nightclub, cafe and beach club venues that are unaffiliated with the Nikki Beach brand. Meantime, the Nikki brand will be retained at the site for the near-term, Recine told the newspaper.
In its statement, Tropicana said it terminated the management agreement “due to the failure by NBLV to comply with and perform the covenants, agreements, terms and conditions set forth therein, and NBLV's repudiation of its contractual obligation to achieve a targeted net income for the clubs.”
The Nikki Beach/Club Nikki complex was a high-profile component of the Tropicana’s $165 million makeover.
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