oyo hotel casino las vegas nv united states

According to the company website, he scaled the company from five cities at the end of 2014 to 200 the next year.Ĭhief Operating Officer and Partner Abhinav Sinha said the company is excited to be in Las Vegas. OYO was founded by CEO Ritesh Agarwal at the age of 17. According to its website, it is the sixth largest chain of operated hotels, homes, managed living and workspaces. It has more than 112 hotels in more than 21 states. The company began operations in 2013 and claims to be the fastest-growing hotel chain in the world. “I think now is a perfectly good time to enter and see what they can make of the property.” “The Las Vegas market is strong and doing well,” he said. Oyo will not have to obtain a Nevada gaming license, Henry said.īrent Pirosch, director of gaming consulting for CBRE’s Global Gaming Group, said he believes now is a good time to enter the Southern Nevada market. “We’ve had great success managing the Hooter’s casino and look forward to continuing on as the casino manager and partnering with Highgate to introduce OYO’s hotel brand in Las Vegas,” said Diana Bennett, chairwoman of Paragon Gaming. Highgate will assume overall management of the property while Las Vegas-based Paragon Gaming will continue to manage the casino. This is OYO’s “first key flagship property in Las Vegas,” according to the release.ĭespite the name change, the property will keep the Hooters restaurant, according to spokeswoman Rachel Henry, account director for Kirvin Doak Communications. The hotel, located on East Tropicana Avenue about 1,000 feet from Las Vegas Boulevard, was purchased from Junius Real Estate Partners and Trinity Hotel Investors LLC by OYO and Highgate in partnership. “It’s a sign some people really want to get into Las Vegas.” “If you look at the city, I think there’s a lot of excitement over the next year with the opening of new properties and (Allegiant) Stadium,” he said.

The property is one of the last value-oriented properties near the Las Vegas Strip, and could be viewed as an attractive entry into the market, according to David Schwartz, associate vice provost for faculty affairs at UNLV. Work will begin in the middle of September. The property will be become OYO Hotel & Casino Las Vegas, with the transformation set to be completed by the end of the year, according to a Friday news release. Cannon Las Vegas Review-Journal Hotel has been sold to an India-based hotel company. The restaurant, just inside the main entrance, is touted as the largest Steak 'n Shake in the world. Steak 'n Shake inside Hooters Hotel on opening day Thursday, April 5, 2018.

Oyo hotel casino las vegas nv united states