OYO buys Hooters Casino Hotel in Las Vegas in first US purchase

OYO buys Hooters Casino Hotel in Las Vegas in first US Purchase: 24.8.2019

Points to Remember:

  • OYO (Indian hospitality startup) has acquired the Hooters Casino Hotel Las Vegas, its first US property purchase, for a reported $135 million.
  • OYO said it would partner with restaurant operator Highgate to rebrand it OYO Hotel and Casino.
  • The hotel, which has 657 rooms across 19 floors and a 35,000-square-foot casino, will continue to be managed by Highgate.

About OYO (Static GA/GK Important for RRB NTPC/IBPS RRB Mains 2019) :

  • Industry: Hospitality
  • Founded: 2013
  • Founder: Ritesh Agarwal
  • Headquarters: Gurgaon, Haryana, India
  • Area served: Asia, Europe and Americas
  • CEO: Ritesh Agarwal
  • Owned by: Oravel Stays Private Limited
Important Possible questions based on above News:
  1. Which Indian startup has made its first property acquisition in the U.S, purchasing the Hooters Casino Hotel Las Vegas? OYO
  2. Who is the founder of OYO, world’s third-largest chain of hotels, homes, managed living and workspaces? Ritesh Agarwal

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