Beta owner sued by LoDo club’s former owners, sells property

This report first appeared at BizWest news partner BusinessDen.

DENVER — Two men allege the owner of the now-shuttered Beta Nightclub in LoDo owes them at least $500,000.

According to a lawsuit filed by Bradley Roulier and Michael McCray, the former owners of Beta, the two established an agreement with Hussam Kayali in March 2020 to buy their remaining shares.

Kayali was to pay Roulier and McCray $250,000 each for their shares in Beta Nightclub, and then pay the former owners “certain revenue sharing amounts” monthly, according to the lawsuit.

But the lawsuit alleges those payments were never made.

“By his conduct, Kayali has substantiated…