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The Hooters hotel complex off the Las Vegas Strip has been sold to the India-based hotel company, OYO.
The 657-room resort will be renamed OYO Hotel & Casino Las Vegas before the end of the year, officials said in a statement.
"We are delighted to be here because we believe that Las Vegas is an exciting city in which to invest …," said Abhinav Sinha, chief operating officer and partner at OYO, in a statement. "With our new hotel in Las Vegas, we're sure (OYO Hotel & Casino Las Vegas) will become their favorite place to stay and enjoy Las Vegas in the months to come."
The deal, according to the statement, was proposed by Highgate, which will manage the hotel, while Las Vegas-based Paragon Gaming will continue to operate the property's 35,000-square-foot casino. square feet. The transition will begin next month.
The terms of the contract are not disclosed.
"We have had a lot of success managing the Hooters casino and we look forward to continuing as the casino manager and partnering with Highgate to introduce the OYO brand in Las Vegas," said Diana Bennett, President and Co-Founder. of Paragon.
In June, OYO announced plans to invest $ 300 million in the United States. The company currently has more than 100 hotels in 21 states. The company claims to be the third largest chain of hotels, residences and workspaces.
The entrepreneur Ritesh Agarwal started OYO in adolescence in 2013.
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