Hooters (OYO) Las Vegas, what is next for this property? is there any hope?

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RockSinCity
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OYO (partnered with Highgate) paid around $135 million for the Hooters Hotel & Casino in Las Vegas in August 2019.
wsj.com

This was OYO's first U.S. property purchase. They rebranded it as OYO Hotel & Casino Las Vegas (while keeping the Hooters restaurant) and planned renovations.
wsj.com

Key DetailsPurchase price: ~$135 million (reported by The Wall Street Journal, Reuters, and multiple other outlets based on sources familiar with the deal).
reuters.com
Some early local reports mentioned a lower "$70 million" figure, but this appears to stem from a 2015 sale of the property to previous owners (Trinity Hotel Investors) and was corrected or clarified in later coverage.
8newsnow.com
The property (now OYO Hotel & Casino) has 657 rooms and a casino, located just off the Las Vegas Strip on Tropicana Avenue.
Category
Las Vegas Casino
Tags
vegas, las vegas, las vegas strip
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