Hooters Casino Sold
Hooters Casino Hotel, located just off the Las Vegas Strip, has been sold for $70 million, according to a report from the Associated Press. New York-based Trinity Hotel Investors LLC is the buyer. 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.
LAS VEGAS (AP) — A real estate broker representing the owners of the Hooters Casino Hotel said the property near the Las Vegas Strip has sold for about $70 million to a New York-based hotel investment company.
Michael Parks with CBRE Group in Las Vegas confirmed Monday the 696-room casino-hotel off Tropicana Avenue was sold May 1 to Trinity Hotel Investors LLC. The sale follows Penn National Gaming’s deal to buy the nearly 1,500-room Tropicana Las Vegas next door for $360 million.
Parks said he represented the seller, Canyon Capital Advisors.
The deed recorded with the Clark County assessor’s office says the purchase price for the hotel was $53.8 million. But Parks said that figure didn’t include personal property, bringing the total paid closer to $70 million.
It isn’t clear what Trinity Hotel Investors plans to do with the property. Calls and emails Monday to the firm’s chief investment officer were not returned.
Hooters Casino Oyo
The Hooters restaurant inside “will certainly be part of whatever they do,” said Mark Whittle, senior vice president of global development for Hooters of America, which grants franchise agreements and licensing arrangements for restaurants in the United States.
Canyon Capital Advisors has owned the casino-hotel since 2012, when it offered $60 million to take over the bankrupt business at the time.
The property that opened as the Hotel San Remo in 1973 became an homage to the famed restaurant chain’s chicken wings and its waitresses in 2006 when four original founders of Hooters bought and renovated it.
Hooters Casino Hotel, located just off the Las Vegas Strip, has been sold for $70 million, according to a report from the Associated Press. New York-based Trinity Hotel Investors LLC is the buyer.
Next door to the property is the Tropicana, which recently sold to Penn National Gaming for $360 million, giving Penn its first Strip property.
Hooters Casino Hotel
Hooters Casino Hotel originally opened in 1973 as Hotel San Remo. It become a Hooters-branded property in 2006. Earlier this year, the property closed its poker room.
It’s unclear what Trinity Hotel Investors plans to do with the property, the report said.
Hooters Casino Sale
Early last month, Hooters announced that a new location would be opening at the Palms Casino Resort. With more than 500 seats, it’s the largest Hooters in the country, the company said.