Hooters Casino Sold

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We’ve learned Hooters Casino is now under contract with hotel operator Highgate and the company plans to make Hooters Las Vegas an Oyo brand hotel. I’ll let you know when this is going to happen and keep you up to date with its change over.

It’s unknown if Hooters will continue to be involved in the off-Strip hotel-casino. The Hooters restaurant inside the Hooters resort is said to be the most profitable in the company’s entire chain.

Hooters is looking to Rebrand in Las Vegas to OYO

  1. India’s Oyo Rolls Dice With Purchase of Las Vegas Hooters Hotel Property fetches $135 million in company’s first U.S. Purchase under global expansion After a $135 million deal, the Hooters Casino.
  2. This property was just purchased by Oyo Hotels & Homes in partnership with Highgate, a hospitality company that will oversee management when it’s reborn under a new name, the Oyo Hotel & Casino Las Vegas. Paragon Gaming will continue to oversee the small, 35,000-square-foot casino.
Hooters Casino Sold

Oyo describes itself as “the world’s fastest-growing company and world’s sixth-largest chain of operated hotels, homes, managed living and workspaces.”

The company reports occupancy increases of 30-40% at Oyo hotels, and revenue increases of as much as 60%, which would be welcomed by the owners of Hooters, of course.

Hooters Casino Oyo

Hooters is owned by Trinity Hotel Investors and operated by Paragon Gaming.


Hooters Casino Hotel, located just off the Las Vegas Strip, has been sold for $70 million, according to a report from the Associated Press. New York-based Trinity Hotel Investors LLC is the buyer. Article - Hooters in Four States Sold - Hooters of America, Inc. Announced that its oldest franchisee, R.M.D. Of Louisville, Kentucky has reached an agreement for the sale of its assets to a.

Yet another Las Vegas hotel-casino is changing hands.

Riviera was recently sold to the Las Vegas Convention and Visitors Authority, and closed May 4, 2015. Tropicana is going to Penn National Gaming by the end of 2015.

Now, the entirely unremarkable Hooters Casino Hotel has been purchased by a company called Trinity Hotel Investors for $53.8 million.

The sale happened under the radar on May 1, 2015, a mere day after employees were informed of the purchase. Way to keep it classy, owner persons.

Hooters Casino Sold

Hooters Casino Hotel has 696 rooms, exactly none of which you’d stay in unless you lost a bet.

We first saw word of the sale on the excellent Stiffs and Georges blog, and it was later confirmed by the Las Vegas Sun.

Compared to other recent sales, Hooters was had for a song. Riviera sold for $182.5 million. The Trop cost $360 million. Hooters was so inexpensive at $53.8 million, it’s believed Vegas mogul Steve Wynn has roughly that amount of cash in his pocket right this very minute.

The new owners of Hooters are expected to rebrand it. Rumors are Holiday Inn will take over operation of the resort, but not under that name.

Hooters Casino Las Vegas Sold

Hooters Casino Hotel, previously the San Remo, has been a financial cluster for some time now. In fact, several times, it’s nearly gone bust. Because you know damn well we weren’t going to do an entire story about Hooters without a “bust” joke.

New ownership is a glimmer of hope for the only casino in Las Vegas known to have given this blog alcohol poisoning with its policy of swapping out a call liquor for some blasphemous, generic crap without informing us it was doing so. Asshats.

While for years we’ve been hoping Hooters would burn to the ground after a lightning strike, we’re cautiously optimistic a new owner could make something of the joint.

Hooters Casino Hotel

Hooters opened as a Howard Johnson Hotel. Then is was the Paradise, the Polynesian Paradise and Treasure Hotel before becoming Hotel San Remo and eventually Hooters. Sign-makers love the place.

Hooters Casino Sale

The stated “singular purpose” of Trinity Hotel Investors is “investing in and enhancing the value of hotel real estate.” They also tout their acumen at “identifying investment opportunities with strong risk-return profiles.”

Hooters Casino Review

So, yeah, we’re not holding our breath about the whole “making something of the joint.”