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 (formerly Oravel Stays Ltd.)
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.