The Hooters resort of the Las Vegas Strip sold to India-originated company OYO.
The 657-room resort will be renamed as OYO Hotel & Casino Las Vegas at the end of the year; officials stated this week in a statement.
Abhinav Sinha stated in a statement that they are excited to be here as he believes Las Vegas is a magnificent city in which to invest. With managements latest hotel in Las Vegas, they are sure (OYO Hotel & Casino Las Vegas) will grow to be their preferred place to remain and truly enjoy Las Vegas in the coming months.
The deal, based on the release, was proposed by Highgate, which can assume management of the hotel whereas Las Vegas-based Paragon Gaming will proceed to operate the property’s 35,000-square-foot casino. The transition will start next month.
Terms of the deal weren’t disclosed.
Diana Bennett stated that they have had great success managing the Hooters casino and stay up for continuing as the casino manager and partnering with Highgate to introduce OYO’s model in Las Vegas, Paragon’s chairwoman, and co-founder.
In June, OYO announced a plan to invest $300 million in the U.S. It at the moment has more than 100 hotels in 21 states. The company says it’s the third-largest chain of hotels, homes, and workspaces.