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Oyo Hotel & Casino (stylized as OYO Hotel & Casino) is a
casino hotel A casino hotel is an establishment consisting of a casino with temporary lodging provided in an on-premises hotel. Customers receive the benefits of both gambling facilities and lodging. Since the casino and hotel are located on the same premis ...
near the
Las Vegas Strip The Las Vegas Strip is a stretch of Las Vegas Boulevard, Las Vegas Boulevard South in Clark County, Nevada, that is known for its concentration of resort hotels and casinos. The Strip, as it is known, is about long, and is immediately south of ...
in
Paradise In religion, paradise is a place of exceptional happiness and delight. Paradisiacal notions are often laden with pastoral imagery, and may be cosmogonical or eschatological or both, often compared to the miseries of human civilization: in paradis ...
,
Nevada Nevada ( ; ) is a U.S. state, state in the Western United States, Western region of the United States. It is bordered by Oregon to the northwest, Idaho to the northeast, California to the west, Arizona to the southeast, and Utah to the east. N ...
,
United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
. It is owned by Highgate and Oyo Hotels & Homes, and its casino is operated by
Paragon Gaming Paragon Gaming is a gaming company based in Enterprise, Nevada that owns and manages casinos in the United States and formerly in Canada. History Paragon Gaming was founded in 2000 by cousins Diana Bennett and Scott Menke, who were experienced gam ...
. It is located next to the
Tropicana Tropicana may refer to: Companies *Tropicana Entertainment, a former casino company that owned several Tropicana-branded casinos *Tropicana Products, a Chicago-based food company known for orange juice Hotels and nightclubs *Tropicana Casino & Re ...
and across the street from the
MGM Grand Las Vegas The MGM Grand Las Vegas is a hotel and casino located on the Las Vegas Strip in Paradise, Nevada. The MGM Grand is the largest single hotel in the world with 6,852 rooms. It is also the third-largest hotel complex in the world by number of rooms ...
. The hotel has 696 rooms with a casino. Since opening in 1973, the property has been renamed several times, most recently as the Hôtel San Rémo (1989–2006) and the Hooters Casino Hotel (2006–2019).


History


Howard Johnson Hotel (1973–1975)

The hotel was originally a Howard Johnson's Motor Lodge. Construction of the hotel began in September 1972. The hotel was developed by a group of local businesspersons led by Paul Oesterle. It opened in June 1973 with 332 rooms, at a cost of $8 million. A gaming license was issued for the property later that year, allowing the operation of 150 slot machines. Oesterle had plans to expand the hotel by adding three 10-story towers with 544 new rooms. In September 1974, Oesterle Nevada declared bankruptcy as it was unable to pay its debts. Eureka Federal Savings and Loan, holder of the hotel's mortgage, foreclosed on the property and bought it at auction for $7.7 million in March 1975.


Paradise Hotel (1975–1976)

In September 1975, Eureka sold the Howard Johnson's to Bernard Nemerov, a former part owner of the
Riviera ''Riviera'' () is an Italian word which means "coastline", ultimately derived from Latin , through Ligurian . It came to be applied as a proper name to the coast of Liguria, in the form ''Riviera ligure'', then shortened in English. The two areas ...
casino, for $10 million. Nemerov renamed it as the Paradise Hotel. He reopened the property's casino on New Year's Day 1976. In June 1976, the Paradise was targeted in a credit scam by 54 mobsters associated with the
Philadelphia crime family The Philadelphia crime family, also known as the Philadelphia Mafia, the Philly Mob or Philly Mafia, the Philadelphia-South Jersey Mafia, or Bruno-Scarfo family is an Italian-American Mafia family based in Philadelphia, Pennsylvania. Formed and ...
. The scheme left the casino with insufficient cash to operate, and it was forced to close and went bankrupt.


Ownership changes and renamings (1976–1989)

The property was purchased in 1977 by a group led by New York businessman Andrew DeLillo, who then renamed it as the 20th Century. It was later sold to Herb Pastor, owner of the
Coin Castle La Bayou was a casino located on the Fremont Street Experience in Downtown Las Vegas, Nevada. The casino had of gaming space with 125 slot machines. By the time of its closing, La Bayou was one of the few casinos in Las Vegas where slot machin ...
and Golden Goose casinos in
Downtown Las Vegas Downtown Las Vegas (commonly abbreviated as DTLV) is the central business district and historic center of Las Vegas, Nevada. It is the original townsite, and the Downtown gaming area was the primary gambling district of Las Vegas prior to the St ...
, who renamed the 20th Century as the Treasury Hotel. Former football player
Gerry Philbin Gerald John Philbin (born July 31, 1941) is a former American football defensive tackle and four-year starter from the University at Buffalo where he earned several honors including second-team All-American, Little All-America, and All-American ...
purchased the Treasury in 1982 for $20 million; the casino closed at that time because Philbin had not obtained a gaming license, though the hotel continued to operate. By the end of the year, Philbin was forced to put the hotel into
Chapter 11 bankruptcy protection Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, wheth ...
. In 1985, the DeLillo family regained ownership of the Treasury through foreclosure and renamed it as the Pacifica Hotel. It was announced that the Pacifica would be marketed to gay travelers, but this plan proved controversial and was soon abandoned. Later that year, the Pacifica was renamed as the Polynesian Hotel.


Hôtel San Rémo (1989–2006)

In 1989, it was purchased by Sukeaki Izumi, a Japanese industrialist and hotelier, who renovated it with an
Italian Riviera The Italian Riviera or Ligurian Riviera ( it, Riviera ligure; lij, Rivêa lìgure) is the narrow coastal strip in Italy which lies between the Ligurian Sea and the mountain chain formed by the Maritime Alps and the Apennines. Longitudinall ...
ambience and renamed it the Hôtel San Rémo. He paid a reported $30 million for the purchase and renovation. In 2002, the hotel, casino, and restaurants were refurbished. The hotel had 711 rooms while the casino had 30,000 square feet (3,000 m2) of space. In 2004, Izumi's company, Eastern and Western Hotel Corp., began looking for opportunities to grow the hotel, to take advantage of the heavy development at the intersection of Tropicana and Las Vegas Blvd. since 1989. Hooters approached with a redevelopment proposal. Ultimately, a group of nine partners in
Hooters of America Hooters is the registered trademark used by two American restaurant chains: Hooters, Inc., based in Clearwater, Florida, and Hooters of America, Inc. based in Atlanta, Georgia, and owned by the private investment firm Nord Bay Capital (with ...
acquired a two-thirds interest in the property, which was put under control of a joint venture, 155 East Tropicana, LLC. Plans were announced to redevelop the San Remo as a Hooters brand casino and hotel. Hooters of America, owner of the Hooters trademark, would receive 2% of revenue as royalties. On April 18, 2005, Hooters announced a $190 million upgrade of the property, including increasing the casino to . All of the hotel rooms would be remodeled, the pool would be tripled in size, and the number of restaurants would be increased from 4 to 8 and include the second largest Hooters restaurant in the world. The renovations would reduce the number of rooms to 696 by converting rooms into larger suites.


Hooters Casino Hotel (2006–2019)

On February 2, 2006, the weekend of
Super Bowl XL Super Bowl XL was an American football game between the National Football Conference (NFC) champion Seattle Seahawks and the American Football Conference (AFC) champion Pittsburgh Steelers to decide the National Football League (NFL) champion f ...
, Hooters Casino Hotel officially opened its doors with a large orange carpet welcoming not only the public but many stars including
KISS A kiss is the touch or pressing of one's lips against another person or an object. Cultural connotations of kissing vary widely. Depending on the culture and context, a kiss can express sentiments of love, passion, romance, sexual attraction, ...
bass player
Gene Simmons Gene Simmons (born Chaim Witz; he, חיים ויץ, ; born August 25, 1949) is an Israeli-American musician. Also known by his stage persona The Demon, he is the bassist and co-lead singer of Kiss, the hard rock band he co-founded with Paul ...
.Richard Abowitz
Hooters Opening
, The Movable Buffet, ''Los Angeles Times'', January 31, 2006.
Former
Miami Dolphins The Miami Dolphins are a professional American football team based in the Miami metropolitan area. They compete in the National Football League (NFL) as a member team of the league's American Football Conference (AFC) East division. The team pla ...
quarterback
Dan Marino Daniel Constantine Marino Jr. (born September 15, 1961) is an American former football quarterback who played in the National Football League (NFL) for 17 seasons with the Miami Dolphins. After a successful college career at Pittsburgh and be ...
opened Dan Marino's Fine Food and Spirits restaurant on the same day the casino/hotel opened. In January 2007, 155 East Tropicana accepted an unsolicited offer from Hedwigs Las Vegas Top Tier, a joint venture of NTH Advisory Group and Silverleaf Real Estate, to buy the property for $225 million (including assumption of $130 million in debt). Hedwigs planned to redesign and rebrand the casino once again, as a "lifestyle, entertainment-driven boutique hotel". Analysts called the agreement "curious" given Hooters's poor earnings performance. The deal fell through in June 2008 when Hedwigs failed to make a required payment. With revenue declining, the casino began defaulting on loan payments in April 2009. Canpartners Realty Holding Co., a subsidiary of Canyon Capital, bought up much of the company's debt at a heavy discount and planned to foreclose on the hotel. The owners, seeking to block foreclosure, filed for
Chapter 11 bankruptcy Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whe ...
in August 2011, listing only $63 million in assets against liabilities of $163 million. After a planned February 2012 auction attracted no outside bidders, the bankruptcy court approved Canpartner's $60 million credit offer for the property, with the sale expected to close around March 30. The
Navegante Group The Navegante Group is a gaming company based in Paradise, Nevada, specializing in areas of casino management, development, consulting and executive recruitment. It is often retained to manage distressed properties while new owners seek a gaming ...
was approved to manage casino operations, while Canyon Capital said it was seeking a major hotel chain to take over and rebrand the property. In May 2015, Canyon Capital sold the casino to Trinity Hotel Investors, based in New York, for $70 million. At first, Trinity was expected to rename the property and place it under the management of
Holiday Inn Holiday Inn is an American chain of hotels based in Atlanta, Georgia. and a brand of IHG Hotels & Resorts. The chain was founded in 1952 by Kemmons Wilson, who opened the first location in Memphis, Tennessee that year. The chain was a division ...
, but they later decided to retain the Hooters branding. Trinity hired Paragon Gaming to replace Navegante as the property's operator in 2016. The world's largest
Steak 'n Shake Steak 'n Shake Operations, Inc. (doing business as Steak 'n Shake) is an American casual restaurant chain concentrated primarily in the Midwestern United States with locations also in the South, Mid-Atlantic and Western United States, Europe, ...
restaurant, with seating for 200 people, opened inside the Hooters casino in March 2018.


Oyo Hotel & Casino (2019–present)

In August 2019, Oyo Hotels & Homes partnered with New York-based investment and management company Highgate to purchase the property for $135 million. They announced plans to rename it as Oyo Hotel & Casino Las Vegas later in the year. A renovation was scheduled to begin in mid-September 2019, and finished by the end of the year. The Hooters restaurant has been retained. The Oyo rebranding process began on September 16, 2019. The renovation will cost approximately $20 million, and includes upgrades to the restaurants.


Facilities and entertainment

Current shows include ''Motown Extreme'', ''Cherry Boom Boom'', ''Alain Nu - The Man Who Knows'', and ''Hilarious 7''. Previous shows have included
Prince A prince is a male ruler (ranked below a king, grand prince, and grand duke) or a male member of a monarch's or former monarch's family. ''Prince'' is also a title of nobility (often highest), often hereditary, in some European states. Th ...
tribute show ''
Purple Reign ''Purple Reign'' is the sixteenth mixtape by American rapper Future, hosted and executive-produced by DJ Esco and Metro Boomin. It was released on January 17, 2016 with an 11-hour notice via LiveMixtapes and DatPiff. It is Future's first non-comm ...
'', male revue ''Men of X'', topless revue ''Raack N Roll'', and ''The Dirty Joke Show''. Comedian
Bobby Slayton Robert Michael Slayton (born May 25, 1955) is an American actor and stand-up comedian. Slayton is probably best known for a supporting role in the 2001 film '' Bandits'', and as a frequent guest on '' The Adam Carolla Show'' (2006-2009). Career S ...
performed in the Night Owl Showroom from April 2007 to March 2009.


Hotel revenue

As of 2008, OYO (then Hooters) had one of the lowest gaming revenue for a Strip casino, but one of the highest ratios of non-gaming to gaming income. The casino had an operating loss of $5.55 million in 2006, $0.96 million in 2007, $6.19 million in 2008, and $4.26 million for the first 9 months of 2009. The first quarter of 2010 the casino had an operating income of $11.23 million.


References


External links

* {{Las Vegas skyscrapers Skyscraper hotels in Paradise, Nevada Casinos in the Las Vegas Valley Hooters Casinos completed in 1973 Hotels established in 1973 Hotel buildings completed in 1973 Casino hotels 1973 establishments in Nevada