Cachet Boutique Hotel on W42nd Street— which took over the space vacated by OUT NYC — has closed after six years in Hell’s Kitchen.
The 105-room hotel, at 510 W42nd Street between 10/11th Avenues, locked its doors last week with all 36 employees losing their jobs, according to a layoff notice filed with the New York Department of Labor. The hotel management, Aimbridge Hospitality, cited economic reasons for the closure. The workers were not represented by a union, according to the statement.
“Due to unforeseen circumstances, Cachet Hotel will permanently close its doors on October 10 2023,” reads the hotel’s website. “We apologize for any disruption this may cause your travel plans and appreciate your understanding.”
Ex-partners at the Cachet Hotel were reported by Crain’s to be in a legal dispute. Four years ago, Dominion Capital, led by Mikhail Gurevich, and Merchants Hospitality locked horns in Manhattan’s state Supreme Court over financial and managerial control of a particular property. Although a settlement was reached at the time, Gurevich alleged in February that he had yet to receive the full amount specified in the agreement.
The property’s history features a succession of closures and ownership changes dating back to 2012. It housed 7,500 square feet of restaurant and common space and a 14,000-square-foot nightclub in addition to the 105 rooms. The property originally debuted as OUT NYC, celebrated as “New York’s new all singing, all dancing gay hotel”, before shutting down in 2016. The owners faced a boycott after holding a dinner party supporting Republican Senator Ted Cruz.
The restaurant was originally home to KTCHN, which was open from 2012 to 2017. Eden Local then took over the location and was followed by Treadwell Park, which became a popular bar with a Broadway crowd, before it shuttered during the pandemic.
The nightclub space started off as XL, which was lauded by the New York Times as being “a veritable one-stop shop for gay men of various stripes”. In 2017, that space converted to be the Playboy Club — which opened in partnership with the Cachet’s management but lasted just over a year. Nightclub 42 d’Or now occupies the space, but has only intermittently been open.
La Casa Del Mofongo, a Dominican nightclub and restaurant group, had been expected to open in the coming months at the property, according to a report by Crain’s — but that deal is uncertain with the hotel’s closure.
The Cachet Hotel is the second hotel on the same block of W42nd Street to check out. The Travel Inn just across the street closed in January 2022 and is now in use as a temporary homeless shelter, a role it also served during the height of the pandemic.
W42ST reached out to the management of Cachet Hotel for more details, but did not receive a response at the time of publication.