
UPDATE SEPT. 17: The sign outside of the former Hooters hotel-casino has been changed. The hotel-casino is now named the Oyo Hotel & Casino.

Hooters Casino Hotel sold for $70 million, will become OYO Hotel & Casino. LAS VEGAS (KLAS) — OYO Hotels & Homes, the world’s third-largest and fastest-growing hotel chain, today announced that it has partnered with Highgate to create its first key flagship property in Las Vegas, OYO Hotel & Casino Las Vegas.
ORIGINAL STORY
The Hooters hotel-casino on Tropicana Boulevard has been sold.
It was sold to Oyo Hotels & Homes, India's biggest lodging company, and its partner Highgate, a New York-based hotel investment and management company, for $70 million, according to San Diego Union-Tribune.
Oyo says that it will rebrand Hooters as Oyo Hotel and Casino. They plan to spend about $20 million to renovate the hotel, which will remain open during the renovation.