Does anyone else think this is a surprise? I don't, It has been well documented to everyone except Steve Lewis that this place was hemorrhaging money. It’s a shame that the creditors didn't see the proverbial "writing on the walls".

Guess that party boat down the nile gawker spoke of was a myth

Because of the way the deal is structure Pink Elephant gets brought into the mix. I wouldn't expect any major issues for the Pink Guys. the relocated once, I'm sure they can always do it again.

Mansion on the other hand is a disaster. I would expect someone to come and scoop up the lease and end up working out a deal to keep Pink or Buy them out.

i think i saw a griffith flying down the nile

steve lewis: 'mansion is just what nyc nightlife needs'.

steve lewis: 'i went over their numbers with mark baker and they are having a spectacular year.'

fucking dbag.

i honestly dig steve lewis' blog, but his mansion posts are so ridic. come on dude, you have to be honest with your readers. even if you are boys with baker and the peeps involved.

steve lewis' blog could be cool. it's great to interview all of the mysterious nyc nightlife people, but his content is so self-indulgent and self-serving. i mean, all he interviews for the most part are bottle service people. there is so much more to nightlife than the lame shit he writes about. he tends to also write more about himself. also, he clearly shills for his friends. he should have been called out for mansion, but maybe people just write him off as being out of it. i mean, he is so old and still in the nightlife game. the people making all the moves are at least 20 years younger than him. not to mention he is a convicted felon and a scumbag. how can you ever take anyone seriously who blew mark baker and published the shit he did about mansion? and then tried to call out dbth for saying mansion sucked?

i read the bloomberg story today and it says the building partnership is bankrupt not the clubs that lease from it ... bloomberg says mansion makes 210k a year i dont know the figures for pink elephant but i dont see a company making 12 million a year being bankrupt... read it carefully - kenny and cal are relics from pre mansion and pink this doesnt relate to the current business

blew Mark Baker!! HA HA HA HA HA HA
Classic.

Pink Elephant and Mansion have nothing to do with this. It's all from Bruce Dunston, who is the general partner of the LP that holds the lease to the building. The clubs that operate in the space have no rights as far as the building goes.

They got a sweet deal since the liquor license and caberet license are for the BUILDING not the CLUBS, thats how they were able to bring new clubs into the space without dealing with the SLA

Pink Elephant (under Paradigm Management Group) and Mansion (under Mansion 530 LLC) have management and service agreements with Bruce Dunston's Partnership called 530 West 28th Street LLC. Typically under these arrangements, the management groups control promotions and operations and in return they get a cut of the sales and profits generated by the business owned by Bruce's Partnership. Looks to me that after the management took their cut of the sales and profits, there wasn't enough juice left over to sustain a viable business. Bruce's LP pays roughly 100K a month in rent for starters. According to the filing, they over 630K in back rent and real estate taxes. It will be interesting to see what happens next. This is a Chapter 11 reorganization, which means both Pink Elephant and Mansion can continue to operate until they figure out a viable game plan. If the business continues to deteriorate to the detriment of its creditors, the bankruptcy court will force the company into a Chapter 7 liquidation - Game over