Oyo Hotel & Casino Las Vegas
Oyo buys Las Vegas Hooters Hotel in its first US purchase
In what is its first property purchase in U.S., SoftBank-backed Oyo Hotels and Homes, has bought the Hooters Casino Hotel Las Vegas.
Photo by PRISM
While, Oyo did not divulge the financial terms of the transaction, a person close to the development said Oyo and Highgate, an American real estate investment and hospitality management company, are together putting in $135 million for the asset.
Hooters Casino Hotel will now be rebranded and designed as Oyo Hotel & Casino Las Vegas, the company said in a statement. It provides 657 rooms across 19 floors and a 35,000 square-foot casino.
Highgate will assume management of the hotel, and Paragon Gaming will continue to operate the casino, Oyo said.