“It is very unfortunate that Club Corp has decided to turn its back on the Dayton market and obligations to its employees, and members of the Dayton Club, many of whom had lifetime pre-paid memberships to the club,” Riegel said. “We will most certainly be aggressively progressing our litigation against Club Corp for the remainder of its lease obligation in the tower and will look to re-activate the space with a new, competent hospitality partner.”
The Dayton Club had closed in mid-March as government-imposed quarantine orders and spreading fears of COVID-19 were first starting to be keenly felt in Dayton and across the nation.
Arkham Ventures, owner of Stratacache Tower, sued the former Dayton Racquet Club in May in Montgomery County Common Pleas Court, saying the club failed to make its April and May lease payments and left perishable items in the “unsecured” club space.
In August, the club announced that it would reopen Sept. 1 with new guidelines on social distancing and safety.
Arkham, the real estate arm of downtown Dayton-based global digital technology company Stratacache, bought the downtown tower at 40 N. Main St. in early 2019.
Riegel is the founder and chief executive of Stratacache.