Before Becoming a Nightclub

The structure was originally built as a bar and restaurant called the Red Sea Star in the early 1990s in this tourist-driven beach town. According to Travel + Leisure, a visitor should order, “Any of the bar’s fruity, umbrella-ed frozen cocktails to complement the under-the-sea theme.”
So, why did the original restaurant close? We did a ton of digging and couldn’t find any info. We know that after the closure it was developed into a club before shutting down permanently in 2012.
But we did read a plausible theory behind its demise.