POSTED: 1:30 a.m. HST, Sep 21, 2010
LAST UPDATED: 2:24 a.m. HST, Sep 21, 2010
The party ended Saturday for Level4 Nightclub & Ultra Lounge at Royal Hawaiian Center. The club closed and will not reopen, nor will the film "Princess Kaiulani" be screened there three times daily any longer.
The nearly year-old Chapter 11 bankruptcy case of nightclub parent company Royal Hawaiian Showroom LLC has been dismissed by the U.S. Bankruptcy Court, and its lease has been terminated by Festival Cos., which manages the center for owner Kamehameha Schools.
The center announced the closure and the lease termination yesterday afternoon in a brief statement in which it said a new tenant has not been identified.
Showroom attorney Jerrold Guben predicted Festival Cos. would "do some repairs to the showroom," but Festival Cos. did not mention any repairs in its statement.
Guben did not know how many workers the closure would send to the unemployment office.
"It hadn't been doing too badly," but now that it is closed, it will no longer generate revenue "and the people who had claims will not collect anything," Guben said.
More Coverage» tgif online: Royal Hawaiian Center closes LEVEL4
"In the last few months we've really come back. It's doing well," Horiuchi said of the Royal Hawaiian Center. The November opening of Forever 21, a youth- and value-oriented retailer, will have "everybody just running on all gears over there," Horiuchi said.
Built by veteran impresario Roy Tokujo, the live-show venue opened in the summer of 2008 after numerous delays and could not make a go of it with a recession bearing down on the economy and the visitor count dropping.
Its first show, "Waikiki Nei," closed after a couple of months. "Heartbeat Hawaii," another show, opened in July of last year and closed in October with director and producer Dennis Law citing economics.
Level4 Nightclub & Ultra Lounge operated Friday and Saturday nights until this past weekend.
Royal Hawaiian Showroom filed for bankruptcy reorganization Oct. 6, estimating $10 million to $50 million in debts as well as assets at the time.