NY's New Playboy Club Dragged Into Hotel Operations Suit

Law360 (February 7, 2019, 9:42 PM EST) -- A minority co-owner of New York's recently opened Playboy Club and adjacent Cachet Boutique Hotel on Wednesday slapped the venture's majority owner with a breach of contract suit, accusing it of failing to meet its obligations under an operating agreement and of defaulting on a $30 million loan.

Dominion Cachet 42 LLC claimed in its state court suit that just two years ago it inked a couple of limited liability company agreements called MHI Cachet Capital LLC with an affiliate of majority owner Merchants Hospitality Inc., also the owner of several other Manhattan bars and restaurants.

The partners intended to revive...

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