Hooters (OYO) Las Vegas, what is next for this property? is there any hope?
“OYO (partnered with Highgate) paid around $135 million for the Hooters Hotel & Casino in Las Vegas in August 2019. wsj.com This was OYO’s first U.S. property purchase. They rebranded it as OYO Hotel & Casino Las Vegas (while keeping the Hooters restaurant) and planned renovations. wsj.com Key DetailsPurchase price: ~$135 million (reported by The Wall Street Journal, Reuters, and multiple other outlets based on sources familiar with the deal). reuters.com Some early local reports mentioned a lower “$70 million” figure, but this appears to stem from a 2015 sale of the property to previous owners (Trinity Hotel Investors) and was corrected or clarified in later coverage. 8newsnow.com The property (now OYO Hotel & Casino) has 657 rooms and a casino, located just off the Las Vegas Strip on Tropicana Avenue.”
