The party's success allowed co-founders Rick Sheinin (who worked at FOMO Media at the time) and Billy Vinton, along with partners Nitin Khanna and Jessey Zepeda, to host No Vacancy at other venues, including Doug Fir Lounge, Holocene, and Produce Row.

[2] Sheinin, Vinton, and partners opened No Vacancy Lounge (NVL) in December 2017, in the ground floor of the Henry Failing Building, in downtown Portland's Old Town Chinatown neighborhood.

According to the Portland Mercury, the owners "oversaw a dramatic redesign of the wood-paneled restaurant into a modern 350-person-capacity nightclub that attracted top talent [and] drew large crowds",[3] at a cost of approximately $1 million.

[2][5] Writing for Willamette Week, Matthew Korfhage said: "The mezzanined space [looked] like Jay-Z's vision of the Great Gatsby, an amber-lit world of deco lamps, columned archways and backlit liquor that climbs to the ceiling", with "a massive amount of programmable lights, a dramatically lit second-story DJ booth and smoke machines both inside and outside the DJ area".

[6] Two weeks after opening, property owners attempted to terminate NVL's lease because of noise complaints made by the upstairs tenant, the architecture firm Walker Macy.

[19][20] In 2018, the venue hosted the sixteenth annual Bollywood Halloween dance party,[21][22] a concert featuring local hip-hop artists,[23][24] and a Gatsby-themed New Year's Eve celebration.

[27] The newspaper said the venue "strikes a careful balance between timeless glamor and a futuristic Technicolor utopia",[27] and called NVL "the most ambitious DJ-forward dance club Portland's seen in years".

[2] Stites called NVL "a fresh take on the tired nightclub motif" and wrote, "Step inside No Vacancy Lounge and you might feel as if you've gone back in time and traveled to the future all at once.