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Metta World Peace Clubbing in Hollywood After Lakers Playoff Loss

5/9/2012 8:35 AM PDT

Minutes after the Los Angeles Lakers went down to the Denver Nuggets ... Metta World Peace's evening was just beginning ... at a fancy Hollywood nightclub.

MWP -- who's still suspended for elbowing OKC player James Harden -- rolled up to Avalon nightclub around 10:30 PM last night ... right around the same time the rest of his Lakers teammates were hitting the showers.

Mr. Peace was seen leaving the establishment shortly after midnight.

Metta -- formerly known as Ron Artest -- has been enjoying his time off. Earlier this week he appeared on "Conan" ... and admitted, "The elbow was too much and I deserved the suspension."

MWP is expected to rejoin his teammates if the Denver series goes to a Game 7 or when the next series begins -- but until then, might as well enjoy the break ... right?

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