I heard this morning on the local news that one of the owners ran off with a very large sum of money...can anyone confirm that. It is no big suprise that it closed down. I refused to pay 150 pesos for a beer to a large company such as Nikki Beach when I can get a beer just about next door for 100 pesos...I am not being cheap, it is out of principal. If they matched the price of all other locations on the beach they may well still be open today. To come in and try and be the 'snobs' of the beach just does not work. The best place on the beach is Ojo's, and their prices are normal and the atmosphere is fantastic....oh, and the owners are long term residents, which certainly helps. Whilst I certainly don't want to see Nikki Beach go, it kind of serves them right for trying to be better than everyone else.