Hooters Casino Sold
The Hooters resort off the Las Vegas Strip has been sold to India-based hospitality company OYO. The 657-room resort will be rebranded as OYO Hotel & Casino Las Vegas before the end of the year, officials said today in a statement. 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.
About Hooters of Hooters Las Vegas Casino. Enjoy world famous wings and a great beer selection at Hooters of Hooters Las Vegas Casino. Eat-in or carryout, the best food in Nevada can always be found right in Las Vegas. Daily happy hour specials, drink specials and craft beer on tap. Join the Hootclub. Tamares Gaming sold the Las Vegas Club to the Stevens brothers. It closed on August 19, 2015. Hooters: May 1, 2015: $53.8 million: Canyon Capital Advisors agreed to sell Hooters to Trinity Hotel Investments. Riviera: February 27, 2015: $182.5 million: The Riviera was purchased by the LVCVA and closed on May 4, 2015. Cosmopolitan: December 19.
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 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 Sold 2019
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 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.
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 Jobs
So, yeah, we’re not holding our breath about the whole “making something of the joint.”